Search results

That's not the kind I meant. Buying soybean futures isn't the same as buying farmable land to grow soybeans, just like buying apartment buildings isn't the same as buying REIT's. You get the drift? If you don't, stop trading immediately. We're dealing with side bets where your hard earned...

Never served, but wish I had. I have however provided many years of civil service.

A trader is always a gambler, simply because the risk of ruin cannot be eliminated, regardless of how clever or exotic the strategy.

Strongly agree. The US should require two years of mandatory military service at age 18, preferably in a backwards country like Bangladesh. If this was implemented, you'd have very few people protesting in the streets of America. We really live in a bubble here :)

James Simons didn’t make his first million until early forties.

His pursuits always amaze me. He’s like a chain smoking genius:) https://www.newyorker.com/magazine/2017/12/18/jim-simons-the-numbers-king/amp

Absolutely. Jim Simons doesn’t look too smart, and doesn’t sound extremely sophisticated, but he’s definitely a lethal weapon. Maybe he just goes “laymen” when he does those interviews.

Sell good news/Buy bad news

Yes. Why? Because it covers a broader spectrum and shields from noise. Limited amount of range exists per day. Attempt to cover every angle should be made.

ballstaranonymous said: “There is a better way to enter trades then betting a given signal bar/prior bar will not "back fill" and stop you out. This broken concept fed to the masses is why beginners cannot advance past how one can be profitable without discerning trend from chop - it isn't...

Yes. I spread the orders out after US market open. Performance has been good last few months with increase in volatility. Last year, barely beat the benchmark. I have a narrow focus, so can’t pinpoint other ways traders extract profits, but nowadays definitely stuff that can’t be done manually...

Although I find the concepts fascinating, I don’t use Fibonacci, and haven’t conducted any research/testing, but since we’re dealing with percentages, I don’t see any reason why a powerful quantitative framework can’t be built around it, or using it in combination with other studies.

No doubt that stupid people always suffer. If they had half a brain, they’d eventually realize their annual income could be made with the stroke of a pen.

Are you a parrot?? What metrics do you use to measure trading success?

Why SPY and ES?

Unless you want to sell your soul, just stick with this book. Never outdated common sense investing.

Cognitive imbalance. I’ll keep that one in mind. Nice way of saying crazy fuck.

Not really. Just redundantly emphasizing that no free lunches exist. Discretion has its place in strategy design and research, but no place in the heat of battle. An algo is pretty much dogshit without expert discretionary input.

“Success in the markets is not about instinct, divine inspiration or spontaneous intellectual combustion. It is about intelligent data processing, sound method and the management of risk and resource that is both effective and adaptive to change."

No kidding. Your 3 years ahead of me. I was a competitive runner some years back. 10 miles on the street today, and I feel like a truck hit me.