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"This confidence has been severely damaged to the point that even mainstream commentators like Cramer mention it, along with other well-respected tweeters such as this note..." lmao

$5k/mo, give or take. I'm sure they'll start off asking more though.

SUPERBEARISH DOWNTRENDING NECKLINE SUPERBEARISH what a pro

If you're asking how to develop an edge, you don't get to buy anything or not. "Institutional traders", as the term is generally used here, have a structural edge, and their job is to realize/monetize it. You, as the retail guy sitting near the bottom of the food chain, have a much different...

I'm not a rebate player, but I didn't know of a restriction re: bidding and offering. Got a reference to this or a brief explanation?

Why not just rename every thread here and on Wilmott to "How can I outsource all of the blood, sweat, and tears required to make the big leagues for no cost or effort?"

Then why do you continue to post? Just like to see your name in colored pixels? The fact that your posts are 99.999% nonsensical drivel doesn't make you interesting or insightful. You write like the idiot PhD candidates you like to mock. If you have something to say, just say it. If you...

So what? Another fact is that I just ate a couple of delicious enchiladas. The thread has a specific topic. It isn't "is looking at derived data worthwhile?" Your post is (as usual) completely worthless.

That's not being pedantic, that's really what this thread is about, although that's not clear from some of the posts. Re: random, pseudo-random, etc., I think that's a pretty misleading name for what you're doing. I didn't realize that's what you meant at all. Now I think what you're...

I agree with all that. re: vol/px, there are lots of ways to look at things "differently". Plot price as range bars with volume underneath. Or point and figure charts the same way. Vanilla bar charts are kinda a lame "middle ground". If you want to look at time, look at Market Profile...

Flash orders are indeed total crap, and should be illegal. Also, "providing liquidity" isn't really an accurate description, because it's a side effect, not the intent. But it's there. What IS true is that HFT, even in the bogus Broadcom piece, makes markets more efficient. Why should it...

NYMEX is now owned by CME Group. The matcher is in Chicago, at 350 E. Cermak.

From an intuitive standpoint you can think of the arcsine law as "the longer you stay in a position, the more you can make". I'm not being flippant, and this is a very important concept. re: random data, what do you mean by "develop a profitable system?" Random entries can become profitable...

Lies? Point to one. I think your tinfoil hat needs adjusting. Or maybe you just can't see clearly through the tears.

Sorry, I meant to contribute a few books as well. These aren't necessarily the best books there are, but they are books that resonated for me at a particular time and state of knowledge, and therefore "shaped my trading mind," in some sense. In rough order of consumption: Sklansky, Getting...

Psychology has nothing to do with trading, per se. Brett Steenbarger has written a lot of interesting stuff, and manages to keep the topics and advice concrete and topical. Plus he has cred: he had the balls to leave academia and trade. Kiev, Douglas, etc. are garbage. You either have an...

After making my daily billion scalping C, I thought I'd draw up a quick routine that anyone can use if stock777 isn't paying enough attention to their particular thread. It's pseudocode, but the algorithm should be trivially implemented in most modern languages. #include "bullshit.h"...

Just to give some color/context: Right now the fastest one-way information flow from Chicago <-> NJ is ~ 7.6ms. There are some setups that can prioritize / optimize / massage certain things lower than that, but it's a more-than-adequate baseline. That number will be dropping by more than...

Depending on your needs, TT is slow (and yes I'm counting the server-based spread logic). If you don't care, it's very stable, widely supported at FCMs, has nice Windows integration, etc. CQG is considerably faster, but doesn't look as good maybe, and isn't quite as stable/reliable. CQG...

Paul Wilmott knows a lot of math. And I do mean a lot of math, and I don't mean to underweight that. In any case, you might ask where PW is coming from. The answer is mostly quantitative market-neutral (and of course derivatives pricing). And because HFT and the accompanying huge decrease...