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As far as I know, the only firms that even have a trading floor here in Miami are HSBC (saw it firsthand, very small, 10 people at the most) and JP Morgan. I don't get why people keep referring to Miami as the Wall St of the south...I never hear of top grads saying "my goal is Miami."

I am from Miami, work in finance and been following the mkts since 2005 or so. This story has been going on since I can remember. It is BS. First of all, Singapore became hot because of the extremely favorable taxation for corps and funds, and because it was for many a place to hide money...

http://www.elitetrader.com/et/index.php?threads/trading-diary-to-the-end-of-2013.279924/page-14 This is hilarious....you are here acting like a big shot and you freaking lost over 4% in 2013, when the mkt was up 30% ???? You are a troll, and you sir are a danger to any newbie who comes...

Oh, you are one of those....yeah, keep at it buddy, you'll get there LOL. I thought I was having a conversation with someone a little brighter than that. See ya !

Yeah, because fully investing poor granny in equities is the way to go...oh boy. Equities allocation is based on age and risk tolerance. A 20 yr old who VALUE cost averages (not DOLLAR) every month until retirement will be better off than 99% of the people here who are throwing their money in...

Really ??? So we are comparing the avg 10-15 yr track record of an Hedge Fund (that's how long they all last on avg) to the 100 yr track record of the market ? And by killing it, what do you mean ? 20% avg per year, excluding the ones plagued with insider trading ? Because while that would be...

LOL really ???? Even though it has historically returned close to 12% per year, while 99% of DYI traders constantly lose money and pay a bunch of commissions while looking for the holy grail that does not exist ?

I've looked into to this for many years. I've come to the conclusion that once you find a strategy that works, it all goes out the window once markets gets choppy again. In other words, we are wasting our time. This whole website is nothing but a marketing machine financially fueled by...

Weren't you on another thread last month saying you were successfully trading with a 1:1 ratio with a fixed 3 ticks profit and stop, and that the 1:1 ratio was the way to go compared to other ratios ????

How about Dennis Gartman. The guy gets unbelievable on-air time on CNBC and loves every minute of it...heck he even replies "good to be seen" whenever they tell him "good to see you Dennis"...yet he clearly sucks at investing. Every ETF he has launched failed miserably, and as zerohedge often...

I guess that the key then is to find a way to filter those stocks that behave good under the acd method, because so far I only found stocks that move all over the place during a typical day. They do have some good "acd days", but for the most part they get in and out of the OR levels without...

Safe to say most people using ACD stay away from using the sytem for daytrading. I went back and looked and several charts to see if it could be used successfully for daytrading, and I noticed that while in theory the system makes a lot of sense, in practice you get whipsawed a lot if used for...

Trillium is probably the only legit one...all the others close after 1 or 2 yrs....First New York Securities opened an office in Boca Raton but last time I checked they said they were closing it due to lack of talent.

Not sure if it is just me, but perfect example of F----- U trade today with Crude oil....

My advice of the day... ...if you are using ACD to daytrade, avoid getting into positions in which the OR (or any other range you may use as reference) is too wide....always check what is the ATR of that particular stock/commodity/currency you want to trade...and if the OR is too wide...

I gotta say I agree with Maverick....the real strenght of the system is that it forces you to be disciplined....losses will come, but if you follow the main idea, you'll see that the winners in the long run will crush the losers. I am also making changes to it that accomodate my trading, but...

Oh wait a sec, by TOS you mean Think Or Swim ? 'Cause that's what I mainly use for stocks...is that one of the existing indicators, or you built it ? When I look under ATR I do not see anything other than the usual ATR line at the bottom....Thanks !

Wow, that's even better, you can actually see it on the chart then, very nice :)

Thank you very much for your reply Maverick. I like that you mentioned ATR for exits, I think it is extremely important. I do not know specifically how you use it of course, but to me it is THE tool that tells me how much move is left for the day, and whether or not it is worth keeping the...

I must have missed it in the book, but when are we supposed to exit a winning position ? It seems you have to hold on until the end of the day, is that right ? I think it is indeed a great system, however I cannot strees enough the importance of using it where you have volatility, otherwise...