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Several pages back somebody said that whenever a participant becomes predictable, they create an exploitable market inefficiency. I suspect most of the folks following this thread are, like me, thinking of ways to monetize this situation. My problem is that an important part of my business...

I haven't had the gmail empty draft problem because I use an email client. But this quote above is pure gold. Rules and "company standards" are nonsense. Principles are what matter as long as they make sense. If the employees are any good and they understand the principles, they will figure...

It's a common mistake to expect ourselves to perform better than we can be. It's not really that hard to make money short-term when we're 100% focused. But staying 100% focused all the time is hard/impossible for most people. We're mistake-making machines. If you can make a normal number of...

Starting with just $1000, you can have $12,646,219 in three years: Month Balance 0 1,000 1 1,300 2 1,690 3 2,197 4 2,856 5 3,713 6 4,827 7 6,275 8 8,157 9 10,604 10 13,786 11 17,922 12 23,298 13 30,288 14 39,374 15 51,186 16 66,542 17 86,504 18 112,455 19...

@anders888: You have mentioned at least three very different scenarios in this thread: 1) front running, 2) tailing, and 3) analyzing trades. 1) "Front running" is when someone slips a trade in front of yours to get your price. This is illegal for the broker to do. I haven't heard of a case...

It is hard to imagine a broker as a company doing that, because it would be too easy to get caught. But a rogue employee could try it. I don't see what you can do about it, but fortunately reverse engineering your trading rules is very hard to do. And most people wouldn't be able to execute...

There is a contradiction in what you wrote. You said you're a buy-and-hold investor and plan to own SPY forever, but you are talking about naked shorting SPY puts and selling SPY when price drops. A 10-point drop has been happening about every three months during this record bull market. It...

I admit I'm a bit of a wally with regard to equity market microstructure, but this my understanding of the broker priority (i.e. preferencing) issue. Please explain where I am wrong. Flames and insults will be ignored unless they contain information.:cool: I think Katsuyama would say that the...

+1 I need a comfortable and quiet workplace and also the opportunity to withdraw and contemplate. I tried a trading arcade during the late 1990's and early 2000's and found it a hindrance to productivity. It was fun for a while. And I need to work at my own pace, because my best work often...

@garachen: I wondered when you started this thread if you were thinking of some blend of training/mentoring with talent search. I think that's an interesting idea. Some years ago when I was a programmer and before becoming a trader, I saw an ad from a local company offering to train a group of...

Interesting idea. Most of the comments on this thread relate to training experienced traders. One of the problems an experienced trader has (for me, anyway) is the opportunity cost of taking capital from a well-performing system to try something new and unproven. I seem to recall from other...

I don't think the system has to be anything special. I read an interview with Ed Seykota where he said he taught a simple moving average crossover system. He spent most of his time and effort getting the students to follow the rules. The hard parts in learning to trade are managing emotions...

There's an old saying: Those who can, do; those who can't, teach. There is some truth in that. It's hard to trade and teach trading at the same time. If a person is trading well, why teach? For the money? But there are a couple reason why a skilled trader might offer instruction. Mostly...

It's not clear from the OP whether the system will boot. I had a failure to boot at least twice: 1) dead power supply, and 2) dead motherboard & hard drive. Can you get the CMOS setup to appear? Will it boot from CD? One option you might consider is buying a used T3400 on ebay. There are...

Possibly the power supply failed. That's not very hard or expensive to replace.

I think it helps to think outside the box, and that comes naturally to me because I'm something of a misfit. But I'm also envious of the more creative types. If we're doing the same things in the same way as everyone else, we tend to have the same outcomes.

I don't understand that. What I am doing in my trading now is remarkable basic. My edge is mostly that I rely heavily on automation and keeping my costs low. I am not particularly creative.

I haven't found any indicators, whether concocted by myself or others, that can find anything that I cannot see in a chart.

People sometimes see facees in the clouds, or in a water stain on a wall, or even a grilled cheese sandwich. We can debate whether those patterns mean anything without deciding. There are similar patterns in financial data where it's easier to test whether the patterns have meaning. I have...

On first pass, 10% sounds reasonable, as money managers often get something like 2/20. But if we're talking about a startup without a solid track record and smallish capital base, there would be a lot of risk for the programmer. Some years ago a buddy proposed that I automate his trading. I...