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I've been in the HFT business for a double digit number of years. Prior to that, an SA on many Unix(es), routers, switches, etc. I've built a few things in my career and made some of them go fast. In my experience, 20 mikes flash to bang is very fast. It can be done, but it is far harder than...

A long time member here, although I don't post much. To this topic I can contribute so here it goes for whatever it's worth: Is it possible to build an automated, profitable trading strategy? This is an oversimplified question (it doesn't actually ask the right kind), but in short, yes...

I can't believe I am seeing this. These "occupy" morons are a bunch of fuc*ing communists. They don't know the sort of blackest evil they are asking for. They need to be crushed. Now. They don't want democracy. They want 1918 Russia. Everyone gets paid 115K? No menial jobs? No reward...

Lescor, looking at your 2010 equity curve, that first quarter wasn't exactly great either (even if adjusted for your thick finger error), albeit without a drawdown. After that things took off. I'd be shocked if you ended this year below 700K. All you need is an uptick in vol. Although the...

You will do better by averaging *up*. Think of it this way: If you average down, your position will always be big when you are wrong and small when you are right (i.e. it takes off in your direction right away). Why risk 10 to make 1? If you average up, your position will be big (and...

Nice. This was one of the longest short weeks. :) I really need a beer. Cheers, /Wulfrede

To the OP: You will need an unlimited amount of money. Your betting has negative expectation. Please make large bets and make them with very high frequency. :) Cheers, /Wulfrede

There are several bars inside the place. One of them is right across from a massive weight scale. I'll be at that bar wearing dark jeans, faded motorcycle jacket and either drinking or ordering a Guinness. :) I'm 6'2", short dark hair. It will help if you guys post what you'll look like so we...

Next Friday, Feb 25th, is perfect. Lets meet up at the brew pub in Manayunk at, say, 7? Any time works really. Earlier is probably better if we are to have any meaningful conversations, before it gets crazy there. Now, I like crazy but it makes it harder to talk :) Chime in if you're planning...

For the long run, you're likely spot on. For a daytrade, maybe I am. :)

Yes it can. But I think downside favors the odds at this point.

Hey guys, I'm an old timer here but I almost never post. Been at this game for many years... and probably traded pretty much everything listed, lol. Equities is my main game though. I've been living in Narberth for the past year and hang in the Center City all the time. If you're meeting...

I never post, but I had to this time. C# does not force you to program with polymorphism/inheritance/etc. and thus is not object-oriented? Uh. Practically every type that you use in C# is derived from a base class called "Object". Honest. QED. There are lots of other reasons why the...

Hey Illuminated, I really wouldn't worry. Trading isn't all about being smart. In fact, it mostly isn't. That's why most "geniuses" work for a paycheck. Cheers, /D

If you can code in C++, forget TradeStation and enjoy the edge you have on all other non-programmer traders :) Plus, you can code for free. May you always have pocket aces! Cheers, /Wulfrede

Knocks, You're asking a very broad question but I'll try to at least give you an idea of what I do. I rarely sell straddles or strangles. As I stated above, I identify with directional bias of trading much more than with any market neutral strategy. Thus, the majority of my trades will...

Knocks, First of all, congrats with sticking to your trading. Second, let me take a moment to dispell a myth that seems to be prevalent in this thread: Naked option writing is a good strategy provided you properly manage your risk. In fact, I think option writing is a superior...