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Surf's smart...he wants YOU to take those trades, he'll take the opposite side....and win.

If you get in on the trend early, it's great. If you wait too long, you can get really hosed. For example, look at the "trend" in the Shanghai index. Those who were long 6 months ago, still doing great. Those long from 1 month ago.....totally devasated.

Surf - while this is true, no one has stepped up to say WHY this is true. What specifically causes trend trading to get the bad word ?

He better give that gaudy orange car away...I mean ORANGE ? Silver, black, white....almost any other color would make that a good looking car. Instead it looks like a cheap, blown-up model car for kids.

It's amazing to me to see anyone attempt algo trading without a really solid background in statistics.

I just saw a great movie "The Gambler" with Mark Wahlberg. I'll bever forget the scene where John Goodman, playing a loan shark, said to Wahlberg "You've got to get yourself into the position of "F**K YOU". That way you don't have to report to anyone". Well in this case, Nav is certainly in that...

who are the real crooks.....

How many months were +, how many - ?

Good idea. IMHO He would need to test with 10 different symbols to get the testing time down to one year.

"His alternative is to give them the money, never trade again, and live the life of a pauper in his parents abode." Right.......

I finally figured this out. He still has a lot of money left...probably over $20M. However, what he did was TRANSFER it out of that NAV Sarao Milking Markets Fund and into another fund with another name and more importantly another manager. Now the Feds will not be able to find the money unless...

And that would mean if his average time in trade was 1 day and his system was in a position half the time, he would need to test for over 10 trading years: 666/0.5/250 In the second case, he could be dead before the testing is complete.

This is a no-brainer: Project Management - get your PMA cert. Stay away from programming and analysis. Leave that to the awks, the "mud men".

Crater city. This is looking like the move during the Russian currency crisis of 1998. Be warned of the possibility of "news" from China that will initiate some short-covering.

Still pretty low when you consider there's no benefits in there...healthcare, retirement, vacation, sick time, paid leave, bonus, dental, disability. Someone with a $100k salary is actually getting a total package of $130-140k depending on the quality of the benefits. If you try to cost-out...

They're everywhere now.....there's no escaping them. Approx 1 million came into the USA over the past 15 years.

This may be true for hold time in days and weeks, but Keith Fitschen, a well known systematic trader PROVED that countertrend trading day trading systems are always more profitable than trend following day trading systems. BTW: Trend definition ? Look at the Shanghai Stock Index....is the trend...

That's not the point. Countertrend trading can be very profitable. The problem with Vic was that he was in total denial about the very risky strategy of selling options NAKED. He could have easily used credit spreads instead and capped his losses. But noooooooo, he was too greedy and wanted to...

Unless of course you've created an algo similar to Navinder Sarao's and your clients happen to be members of the CME who are bound to an agreement stating that it is illegal to "spoof" using software methods. Then you may be found by the Feds to be culpable and then go to jail just like Navinder.

Oh yes it is....for the agencies and body brokers. At my current gig, my agency is getting $4k per month just from me. Takes them 15 minutes to write me a check every month. Even if you included a prorated effort of 10 hours per week in acquiring a new contract, still that's an awesome rate of...