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I don't have much sympathy for someone who would be so stupid as to use a public computer to access any financial account. Fletch

That's quite a claim, but there's a great deal of evidence to the contrary. In fact, quantified pattern recognition is in many applications far superior to the human eye. Now granted, your basic "off the street" trader, armed with EasyLanguage is not going to be able to do anything but the...

Certainly not. But I'd contend that your "visual glance" is quantifiable. Otherwise you yourself could not recognize it. The human mind is a powerful pattern recognizer. But it is not magic. Fletch

There's a lot of talk of "they" on these boards. "They" are moving it up or moving it this way or that. Who are "they," anyway? Fletch

Pretty silly. You'd think a firm which values statistical minds would understand that the results of a single tournament mean almost nothing. Give 'em an online account, $1k, and a month to play full time. Then you might be able to know something about their skills. Maybe. Fletch

A casino's risk is diversified away by running hundreds or thousands of games simultaneously and keeping a deep bankroll. In any given game, they are certainly gambling against a patron. In aggregate, it is not much of a gamble. I am not going to bicker and argue over what is clearly a...

Except that I've heard countless people call startups and other uncertain business ventures a "gamble." Which of course, they are. Fletch

That is not the usual or common definition of gambling. Gambling is making bets or wagers on outcomes subject to chance. By your definition a poker pro is not a gambler. A card counter is not a gambler. Of course they are gamblers. They are gamblers with an edge. Trading is absolutely...

Bingo. Whether or not "now" is a good entry is mostly independent of whether or not sometime before was a good entry. There certainly can be two good long entries, with the second at a lower price than the first, or the other way around. Of course, if your sole purpose for the second entry is...

Chabah is rigorous and logical enough to dismiss this comment, that's for sure. If you can't get an edge you shouldn't play the game. Simple as that. Fletch

What I see here is a guy with the $300 golf bag, the $500 set of clubs, the $250 top of the line driver, spotless leather gloves, a monogrammed hand towel, fresh spikes tuned to today's soil moisture content, a portable ball washer, an electronic distance finder, a case of sparkling new high...

I am with you guys as well. Who the fuck do they think they are? The more I think about Frist's move to slip in nanny state laws before anyone can even read them, the more pissed off I get, and I don't even spend any time gambling online anymore, it's the principle of the thing. It's...

I have a similar background as you. My only comment so far is it seems you've done an awful lot so far without doing the only thing that really matters - finding an edge. That's the whole game. All the details you're discussing are just window dressing on your edge, if you can find one...

Quick update: Had a rough go of it recently. I had a brutal 7 day losing streak, matching the worst run from a 3 year backtest. Things have turned up from there, and I stand at $1180 profit after 27 trades. My backtest EV is $69 per trade per contract (accounting for commission and...

THANK YOU FOR YOUR DEEP, PENETRATING INSIGHTS. STICK AROUND, WE HAVE MUCH TO LEARN FROM YOU. Fletch

I am a successful poker player who is learning how to trade. So far I would say poker is easier. The deck always has 52 cards, 13 ranks, and four suits. Your opponents are sitting at the table with you and you can observe them play. Through moderate stakes your opponents are mostly...

Define "totally random." I believe one glance at the Dow from inception to date should provide some evidence that it is not entirely random. Fletch

A full time job, a side business, and poker are my other forms of income. Fletch

"Renaissance employs more than 60 top scientific specialists, including mathematicians, physicists, astrophysicists and statisticians." You keep licking your wounds, and changing your own tires and mower belts.

Hell no. That report has no credibility in the first place.