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I didn't tell you you could not be doing what you are doing. I said the fact that you are doing it and making money does not imply EMH is worthless. There is a difference there. Yes, I did start trading less than a year ago, so what's your point? I only needed to have a few practical...

First of all, I did not boast. It was just the opposite, I said I was humbled by how LITTLE I knew (unlike other overconfident members here who think they know it all). I would be more than happy to read your "paper" and rip it apart figuratively speaking. Let me know if I can get an...

1.2 pennies sounds like a good approximation, does it not?

I'm trading other people's money and can't really answer that one. But it was very green and very close to what the model predicted.

You must have misunderstood me. I have been trading for a while. I was saying I had that confidence even before I started and I would not have started otherwise. I have lost on some trades, more than I would have liked, but it's by far more than made up for by what I made on others. I don't...

Whatever. Sounds like you never went beyond that bachelor's "degree." I thus rest my case. Dude, even after I got my MBA with perfect grades etc etc I still felt humbled by how freaking little I knew. I still feel the same way being a few months away from dissertation defence, and knowing...

You still don't get it. Yes, there are ANOMALIES, BUT, as long as you don't offer a unifying model that explains them AND the general behavior of returns cross-sectionally and time-wise, showing anomalies is like showing a pothole in a road and saying "whoever says the road surface is smooth...

28,800 x 100shares x 0.012 commission = $34,560 in commissions alone...

Hmmm. It doesn't have to be related to the number of trades at all. I happen to be one of those who believe you have to have everything researched, worked out and rechecked before you take the plunge. If you don't have a strategy that shows beyond doubt you can be consistently profitable...

You don't have a clue... My wife is in the last semester of her nuclear physics PhD. She is a great C/C++ and the like programmer. bla bla bla. Doesnt' get more quant than that. Yet, she'll have some problem that takes 2 weeks to program in C, I can do it in half an hour in SAS or TSP. Why...

Strange, the more I read about this, the more it looks like trading is completely prohibited during halts... Any good reliable source for this kind of info out there?

Actually, that is directly related to what I'm looking at, if I understood you correctly. The halted stocks can still be traded on ECNs, right? (both nas and listed?)

Awesome! Thanks guys.

Is there an easy way to find which stocks are currently halted? Also, is this info archived somewhere?

1. - if they are salesmen, I don't know what they are thinking b/c they could be earning a lot more doing a lot less in academia and being a salesman with a phd is a total waste. 2. - I am gonna assume the "schmuck phd" remark wasn't targeted at me. Yes, I did start out with around 100K...

Got ya. Sorry, I was a bit sleep deprived and slow :D. You do have a point. I'll try to look at that paper later this week if I find time. It could be a function of the way they measured returns and/or the sample they had. I'm working on something else right now that's really exciting and...

That's a little too strong. I've gone over this before in the EMH thread, but in short, showing a range of "anomalies" that supposedly undermine EMH is insufficient as long as there is no unifying theory that would explain them all. Besides, most don't hold up out of sample and/or after...

Dude, why are you so anti-finance PhD? Since when are finance/economics PhDs not quantitative???? I have a cognate in stat and have taken pretty much all the core phd level quant classes math and stat phds take. It's that why with most finance phds. MBA's are sales people. Finance/econ PhD...

Hi T4A, honestly, I have not had the time to give it a proper read, you might be right, but I thought the paper actually meant the successful do seem to have "hot hands" and the unsuccessful traders are persistently unsuccessful. I.e. if you buy what the good performers buy you'd do really...

No, Aphie. I sure didn't. I just came across it while looking for something else.