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If all those things are so obvious then there's not a lot of money to be made on the downside but if it does the unexpected and goes up you'll get lots of short covering further increasing price. Which trade had a better R:R? The herd get's slaughtered, right?

Actually I think he was referring to Reagen.:p

Or come to NYC. The markup on the stuff at the corner non-chain grocery store is ridiculous and they are always packed. 'Course the rent is insane as well.

I'd define poor as having little to no money to save after all basic necessary expenses are paid each month(rent, food, student loans, etc.).

I second that. Please don't stop the thread, just put the noise on ignore.

http://rapidshare.com/files/305871394/Mind_of_Markets.pdf

That stockpicker you subscribed to is paid to promote the stocks you are told to buy. Pinksheets and OTC is the gutter of the markets where pump and dump and manipulation is the norm.

Thanks for the answer Mike. It makes sense. A follow up question on the back of someyoungguy's post would be would you ever trade anything that you weren't sure of the fundamental reason for? If you noticed a consistant pattern of behavior like the percentile strategy Talon posted but you didn't...

Sucks for us. Good luck to you.

Think he meant $300 as an average of the range of $200-$400.

I'd think it is NEVER a good idea to use arbitrary values which is why I'm asking how you come up with values that are not curve fit. I can come up with numbers that have worked that are general enough that they don't seem to be "curve fitting" but how do you know when they have become...

I've begun looking at ways to filter out trades myself. Less trades and commisions and greater stability in returns sounds great. My concern with creating things like this volility spread indicator are how do I pick the proper time frames? I guess there's some fudge room on daily data but how do...

Your point... Adding "positive value" to another thread I see.

Hi Talon, you mentioned that one of your trainees had a background in fashion and zero finance training or knowledge. How did you find that person (or they find you) and what led you to hire them? I understand the desire for a blank slate and a critical mind but how do you decide who's worth...

I think it's that old million monkeys on a typewriter analogy. Big enough sample and some are bound to be profitable for a time due purely to luck.

I don't think the losing 90% are programming algos, personally. If you can program an algo you can test it, and if you can test it you can see if it's worth releasing into the wild.

Google "time slicing" and "TWAP" Also check out the pdfs in this link: http://www.wilmott.com/messageview.cfm?catid=38&threadid=56323&FTVAR_MSGDBTABLE=

You can't reason someone out of an opinion that they didn't reason themselves into...

+1000000000000000

This is pretty much what determines if you're one of the sheeple or merely a dumbfounded observer. You wouldn't have credit card companies without "the matrix" for instance. You've gotta fuel the debt machine.