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  1. M

    A New Era in Papertrading

    sonofagun: I just started playing with BT. Do you know if we could upload any historical data tick or 1min for a particular day in the past let's say 9/2/2003 or 8/5/2003 or whatever and run in recorded mode? If so, do you know how to go about doing it? thanks
  2. M

    Growth based on Debt

    http://www.nytimes.com/2003/12/01/business/01jobs.html?ex=1071118800&en=9497c9860de00bb7&ei=5070 If you read this article, it seems like many middle class families are living off of credit card just to pay mortgages, bills, and BASIC necessities. How long will the economy support spending...
  3. M

    Mach 3.8 Supercomputer

    Yeah, I noticed that it was "only" $8K after browsing their site some more. But thanks. But it's still amazing how "relatively cheap" high end systems are nowadays. A decade ago just a high end Mac was close to $5K. I guess now is about the same too. hehe. I would guess a lot of the cost...
  4. M

    Mach 3.8 Supercomputer

    chinook, I like the 92" panels of monitor! That would be sooo sweet to trade on a display like that! Cost is about $17,499 before taxes. ouch! That's just for monitors. how much is the entire system? Easily $60K?
  5. M

    Buttontrader

    OK. So, the charts are not tick by tick movement by rather 10mins chart? Cuz I swear I thought it was pretty much tick by tick. OK. Let me email them for Question 2. thanks
  6. M

    Buttontrader

    I just downloaded BT. I have a few questions. 1) Does the real time version let you plot the chart in candlestick format? And can you overlay technical indicators? 2) Do they have historical data for any day of the year? I'm interested in practicing on certain days in the past? Do you have...
  7. M

    Traders of today...

    surfer, I respect your comments here on ET. And they are entertaining and sometimes good to read. But you don't have to get on your knees and suck his balls just b/c he runs a global macro hedge fund or whatever. The market doesn't care who you are. As to hedge funds, yes most of them...
  8. M

    Traders of today...

    trade-ya1: Different times and different approaches. You might say these times are normal or easy. But these prop traders trading in THEIR NICHEs and their TIME FRAMEs are having a hard time. You can't compare 1998 global macro to what most ET traders are facing now. It's apples to oranges...
  9. M

    Warning: HLV Trading?

    Don, There's a snakeoil salesman greater than you. :D Not that I'm saying you are one. Trade-ya1 sees NOTHING with HLV Trading sleazy deal cuz he's probably trying to start his own prop shop. Look how he was ban trying to recruit on ET with such shady deals that most ET traders here wouldnt...
  10. M

    transitioning into an institutional career from prop

    Boss_hog and everyone, I think it depends how you view your grand mission in life I think. Hedge funds are great on resume and potentially greater payoff. BUT only if you work for a relatively large fund with at least $100M. Otherwise the math doesn't work out. From my understanding...
  11. M

    Buffett Sees Little to Invest In

    Banjo, he's a bottom fisher. But NOT a bottom fisher of EVERYTHING. He didn't buy the market lows of sp500 or naz during oct '02! if he did he would have make a lot of money. but like we said he's more of a value guy than a market timer
  12. M

    Have you heard of Didier Sornette?

    Is DS full of BS? I REMEMBER DISTINCTLY and I even have it printed out over the summer that there will be this HUGE drop in teh SP500 starting in Sept and Oct! I swear I saw it on his homepage. Then when you check it now, he took out that graph! WTF?! And then he extended the prediction til...
  13. M

    Buffett Sees Little to Invest In

    He hasn't done that many investment/trades in the last decade or so. Mostly buying up private markets. At Oct '2 lows, he could have come in and scoop up shares for cheap and sell it out now for 70% return on Nadaq and 50% on SP500 since he's sucha value investor. But I guess he's not really...
  14. M

    Buffett Sees Little to Invest In

    After "scalping" $9B in bonds at the peak in June of this year, Buffett is sitting on the sidelines... ============================================ Reuters Buffett Sees Little to Invest In Sunday October 26, 4:32 pm ET NEW YORK (Reuters) - Warren Buffett (News) sees very few...
  15. M

    macro thoughts

    You made some perhaps good points. And I can see it potentially happening. But the only problem with such long term forecast is that it can't anticipated the UNKNOWN. At the beginning of the 20th century, no one knew that the microchip would come along and change everything. Created Silicon...
  16. M

    Gann saved Livermore :D

    haha! that's a good one! I think I will stop predicting markets. It's hard as hell. And mostly futile. Everytime, I start to "think" I got it figure out where the market is going, I lose money. When I just follow the trend, I make money.
  17. M

    Nikkei down 466 points!

    Let's do some simple math to see if this is possible. Let's see. On IB, overnite initial margin on ES is 3563. Maintenance margin is 2850. Assuming, he's already in the black from the gecko with his 50 ES and just have to maintain maintenance margin of 2850 * 50 = $142,500 If someone...
  18. M

    Van K. Tharp's Random Entry System

    Guess what? I'm actually to kinda believing in this bs. Exits are really important. Position sizing is even more important. Entries are least important - though being with the trend can definitely push you to being even more net positive. but before, i just repeat that mantra or whatever. but...
  19. M

    Van K. Tharp's Random Entry System

    Just something interesting... I shorted the YM on Monday a little after the close at 9762. Felt pretty good from the daily that it would go down. Then it went to 9783 but I held on because I "knew" it was a good entry. Then lo behold on Tuesday, Dow tanked. I covered at a good profits. Then...
  20. M

    Van K. Tharp's Random Entry System

    I've designed system with 40-50% win/loss ratio. But it ended up being NET NEGATIVE WAY WAY more than the 25-30% trend following. haha i guess it says something... have to think more..
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