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I have a difficult time understanding why you trade anything other than FX. Unless you don't get a sufficient number of signals in your profitable market, I don't think it makes sense to trade another market. Certainly not with real money at first.

Over the past 2 months, I've been paper-trading and some real trading in two new (for me) markets, the Euro and crude oil. The strategy I'm using was originally developed for the ES and continues to do just fine in it, but I was getting fewer signals than usual and I've always wanted to see if...

I looked at that, but the number of trades which rely on data from 4:15PM to 6PM is quite small, so the overall results don't really change. I know that time period tends to be very slow, but is there another reason why you thought it would be important?

Volume is irrelevant to me, but I've got an algorithm which defines momentum and it's the same in both sessions. I don't want to mess with the rules to try to make the overnight session profitable, but I just found it very curious to see the persistent discrepancy. I do think that overnight is...

Assuming you keep detailed statistics on your trading, I wouldn't count that profit on your P&L because you shouldn't "get credit" for that trade. In fact, if you otherwise would have taken a loss, I would deduct that loss from your P&L. Also, since everyone makes mistakes, consider this...

If they have paid their $1M and now aren't going to be living here anymore, yes, they've most likely paid enough. What is stupid about the concept that people should more or less only pay for the cost of government services allocated on a per capita basis? If the government spent $300...

Writing in all caps is not persuasive. I didn't say anything about paying taxes in general, I said that even with the amount he's already paid, he's paid more in taxes than was ever required to provide any infrastructure necessary for him to help start Facebook. The guy's already done his "fair...

"Fair" is a non-word. It means whatever the user wants it to mean and has no place in objective discourse. You clearly think it is "fair" to charge someone based on hypothetical future usage of a country's infrastructure, while I think it is "fair" to only charge up to the end-point of the...

As you probably know, equity valuations are derived from the sum total of the forecasted discounted earnings of the company. By your example, Saverin would be liable for 3/4 of a year's worth of the valuation of Facebook, since he lived in the US up until September of 2011. But, the US...

One of the things I like most about my system is that it basically gives me 1 or 0 trades per day per instrument 95% of the time, so I either end up at my high point of the day or I can tell myself there's always tomorrow. Only ~60% of days give me even 1 trade. On the 5% of days when I get...

I trade the ES and while I don't trade it 24 hours/day, I do track what would have happened if I did trade every instance of my set-up, with the rationale that if I ever went fully automated, I'd like to know what to expect outside of the hours I do trade, which are 6AM to 6PM ET. Also, if a...

You would still be subject to the risk that correlations between the strategies are dynamic and could reach a threshold where the diversification effect wasn't there. Of course, this only happens in extreme environments. I recall a discussion I had in the Fall of 2008 with a colleague who was...

The owners of the robots can give the non-owners a one-time cash payment to irreversibly sterilize themselves. The cash payment would provide sufficient income to live out the rest of their sterile lives in some modicum of comfort. Those who choose not to sterilize themselves can reproduce, but...

Was he bitter specifically about his trading? If there was something else going on in his life making him bitter, then it's nothing to do with trading. I'm sure that most everyone, regardless of occupation, has some bitter days, even if on the surface they shouldn't be bitter. Bitterness can be...

Hershey can safely be ignored. bwolinsky at least has some reasonable ideas about backtesting, but can probably be ignored for the most part. Good posters to look up are intradaybill, braincell, atticus, dom993 and acrary. Those are the ones who come to mind off-hand, anyway. They aren't all...

See, you are thinking like Saverin does. The people pissing and moaning are thinking like the proles they are. For them to even imagine having investments in multiple countries outside the US is a bridge too far, nevermind having them imagine having to pay a tax bill on account of those...

Well, new information is constantly coming out causing people to revise their forecasts and trade accordingly. It could be the case that this week's drop isn't even about Greece at all, but about Spain, Italy and other weak Euro members. Perhaps the info coming out of Greece is, due to...

This is probably unconstitutional as it smacks of being a bill of attainder. It isn't a crime to renounce your U.S. citizenship, yet that's how this "law" would treat such an action. In fact, I'd argue the same about the current exit tax, but it's already on the books and, as far as I know...

Perhaps the distinction will seem a bit esoteric, but much more valuable than a "reliable market forecast" is a "reliable trading algorithm". See, the thing about forecasts is that they contain all kinds of variability as regards to how they come to pass. Let's say I made a forecast for the...

The problem with that assumption (that the SPY will experience a jump in prices) is that in the 11 milliseconds that it takes for the info to reach New York, somebody else can sell 2600 ES contracts, meaning that by the time the info about the 1300 ES contracts reaches New York, it's old...