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baron: please do not censor anybody, why should somebody who's trying to make a buck for his company be censored, remember this is a forum about making a buck! def and everybody including nicholas segrue a.k.a. "little nicky" should be allowed to post whatever they want, this is a free...

amen

suscribe to realtick, and then download the api that's all there is to it.

:D i agree l.w. is the poster boy of snake oil marketing, l.w. books it's so obvious they are 100% b.s., but some pattern books have been useful to me, i always get ideas from crabel, raschke, connors to give a few examples.

nitro i didn't mean no disrespect, yes, you are very fortunate to have "chicago experience" and i doubt that any book is going to teach you something useful to you and your particular trading style. but i wouldn't tell anybody not to read a book i don't like or attend any courses, because...

:D yes, that's right, most books and vendors are not really worth the expense or the time. but how are you going to find the gems if you don't do some prospecting work??

quite true. usually smart people don't need to be told everything in excruciating detail. point them in the right direction and they will catch up in no time. i don't think there are big secrets, the basic stuff is out there, money management, discipline, probabilities etc etc, but there are...

jnkbox: no i am not using pairs trading, at this moment. but you can find the basic idea, relative value, behind a lot of other strategies like spreads, relationships...

bob: don't get intimidated by the big money, particularly by i-banks. i haven't worked in a program trading (sweat)shop, but what they do is almost always conceptually simple. you have to convince management before working on a project, so they will never let you do something they can't...

jnkbox, besides the crabel book for the opening range breakout pattern, there is an academic paper that may be of interest for pairs trading Pairs Trading: Performance of a Relative Value Arbitrage Rule by EVAN G. GATEV, WILLIAM N. GOETZMANN and K. GEERT ROUWENHORST...

Not necessarily. Toby Crabel published a book 10 years ago and he's still making good money from his basic methodologies. http://iasg.pertrac2000.com/SnapshotPT.asp?ID=82 See? not even one losing year since inception. There is a number of copycats out there with varying degrees of...

He's just trying to stop people from pulling money out from mutual funds. Lots of people have been doing that right now. Anybody can buy and hold a QQQ or a SPDR and still do better than most mutual fund managers so i guess the mutual fund industry is basically dead. They are just surviving on...

that's a great advice, proveuwrong. spending many hours programming doesn't sound that glamorous but if you someday actually make a living from trading you will thank bucephalus. why? besides the skills you need to develop to become a good programmer, there is the financial advantage that you...

I don't know anything about a book mentioning a j-hook but there is a website www.patterntrapper.com mentioning it as a reversal pattern. The website also mentions a book "A Guide to using the Pattern Trapper" by Bob Hunt so that might be it. There is a condensed version of the book on the...

joe ross' hook?

proprietary desks are sort of in-house hedge funds. in view of the large number of blowups in the recent years, some banks have disbanded many of those desks, they now basically focus on safe and cushy income like collecting commisions from clients. any market making activity in spot...

as far as i know the big macro hedge funds and proprietary trading desks don't daytrade currencies, they trade trends and keep positions open for several days, weeks and sometimes for months. Currencies usually move slowly but when it moves fast it's devastating, Tiger lost a lot of money in the...

Sorry i wouldn't give my money to anybody with an MBA and 8 years "experience" at an I-bank. In trading it's not experience what counts what counts is if you "get it", some guys "get it" pretty fast others take decades or never. Tiger and LTCM blew up because they weren't really good traders...

Financial World magazine used to publish rankings of the highest paid people in wall st and hedge fund managers were at the top of the list, almost invariably. unfortunately FW closed shop and i don't know anybody who publishes a similar ranking these days. i wouldn't feel happy entering...

caprisk: why don't you go to or open a hedge fund? there is a lot of hot money out there and you would have more independence. i wouldn't work for an I-bank. they pay 120K to starting quants... no thanks. and also they give you humiliating work like writing VB macros or cleaning data in...