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So, what up with the VRNG thing? He writes an article which implies that Google might go to 0$ and some obscure penny stock might reap billions. 30M$ for a company with negative equity and no sales. If this isn't stock manipulation, I really wonder what is. Strange, this coincidence with this...

hmm... http://techcrunch.com/2012/03/31/why-google-might-be-going-to-0/

So? What you are trying to say I guess is that a trader earning the spread will earn less, because even if he makes a higher percentage, the total profit will be lower, because turnover will be lower. Well, that depends on your capital base. If you are talking about algo trading, it is better to...

What is that supposed to mean exactly?

Thanks for this deep analysis. If you have anything to share, post it. If you don't, please just go elsewhere.

I don't think this makes any sense. First of all, every market nowadays is algo driven. Second of all, most HFT traders don't care about smallcaps, because absolute PnL is tiny when compare to S&P500, which is why liquidity is not very deep in these markets. If you want to provide liquidity that...

Question is: how many cars will they sell over the next 3,5 and 10 years. If they succeed 4B$ is actually not that much, because they would rule the market. There is no serious competition at the moment. BYD and all the efforts of the old producers are a joke. What happens if oil goes to 200$? I...

Hello, anyone trading smallcap equties only? Would be interested what your experience is. My reasoning is simple: big players don't trade smallcaps and therefore it is easier to find an edge. For example most stocks have perhaps 0-2 analysts following the company and therefore news drive a...

I think the old strategy was better.. beating SPY is very hard in my opinion. All the best anyway. Edit: I justed noticed you went back to stocks?

"Not sure if you know but even great traders had blow ups when they were learning the craft." How comforting. Losing money is the worst way to make money. Should be obvious. You have a gambling problem. better to realise it sooner than later. The fact that you say discussion is pointless...

"and have had many blow-ups since then." there goes 5 minutes of my life I will never get back...

Nothing is impossible in this world. the history of market is also the history of speculation and delusion. There are probably a million people out there who entertain the same fancy ideas. I would go for the lottery instead. Chances to succeed are higher. seriously, work for a reasonable stake...

Someone who uses 2.5k as initial capital should be much more thinking about working for money. 200x in 2 yrs is more than unlikely, but simply impossible. You realize that this is 5% a day? No trader makes more than say 0.2% on a consistent basis. Anyway, the title says it all.

If the stock follows a random walk in the sense that my scenario doesn't change, pyramiding doesn't make sense, because I can simply risk my initial capital and leave the position unchanged. However, if the probability of an upward move goes down it makes sense to add to the position. As I...

Say I think a stock will go from 100$ to 50$ within 2-3 months. Also, I believe that if it retreats it is unlikely to bounce. What I mean is, if it goes from 100$ to 70$ I think it is very unlikely that it will go back up to 100$. This is because I believe that people will eventually see that...

What you are trading? Are you going trade the same strategies as with your firm? I believe trading small money as opposed to lots of AUM can be an advantage. If you are trading futures or forex on the other hand, there is very little advantage being small obviously. I thought it might be...

Hi, there have been many accounting scandals in US-listed Chinese companies. Question: what enforcable rights does an investor actually have? Would be technically possible for the company to issue new shares, so that the US equity holders get fully diluted? Any idea how I can find out more...

Very interesting thread. How do you optimize the trade-off between rebates and fill rate? Seems pretty hard to do.

Yes, stocks. I trade <500'000 shares/day accross a the whole range of prices. I wasn't aware of the fact that I can explicitly route to the ECN with the highest rebate. I'm not sure how this works. Does IB aggregate the order book accross all ECNs and does some internal optimziation? Is there a...

Hi, I just today found out that IB can route to the venue with the lowest commission. If I would have known that this option exists, this would have saved my thousands of $s. But anyway, now most of my trades go through BATS. What I don't understand is, I'm using the flat-rate structure. Why...