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  1. syswizard

    Black Box Trading

    I agree...and now wonder if anyone has coded that SOBI method and given it a real world trial ? I've now have seen the work that has gone into the Penn-Lehman Automated system project managed by Mike Kearns and it's pretty impressive. Preliminary findings with regards to the effectiveness of...
  2. syswizard

    market crash of 1987

    Borsellino, aka "Lucky Lewie", made about $2 million in 1987. Following year he made $95k.
  3. syswizard

    Limit orders in TS automated system?

    Cents ? Can you talk in ticks here ? When you mentioned 1 "cent", did you really mean 1 "tick" ? BTW: this is a really interesting discussion....especially with regards to strategies using limit exits or entries that are not guaranteed to execute.
  4. syswizard

    Black Box Trading

    warning, warning, WARNING...this is NOT standard "stuff"....this is PhD-only material....or at least Quant Finance degree stuff from sites like http://www.wilmott.com/index.cfm . I've got a masters degree in finance and it is totally under-powered for this "stuff".
  5. syswizard

    market crash of 1987

    Guys - this is eerie : John Mauldin just put out a newsletter that shows an indicator in it that is near the same value as it was in 1986....it's called the greed-fear index....for more info see: http://www.frontlinethoughts.com/printarticle.asp?id=mwo021006 From the article: "..The index has...
  6. syswizard

    Prop firm won't send check to close my account

    Well, one thing that's happened over the past week: Since I was able to determine the owner of the prop firm has both lapsed his NASD registration as well as traded last year using an out-of-state brokerage, the chief compliance officer of that "large brokerage firm" that actually houses my...
  7. syswizard

    Prop firm won't send check to close my account

    Well, the latest from the owner is that I must now wait till the 15th.... PER THE TRADER AGREEMENT (despite having made this request 30 days ago). I wonder if they'll still be around next week ? :eek: Sub-LLC problems ?....of course. I saw one where they had 30 workstations set-up with fancy...
  8. syswizard

    Prop firm won't send check to close my account

    Guys - thanks all for the advice.... what's happened is this recently: that "large brokerage firm" has now gotten wind of the potential NASD violation and (I think) they are going to bat for me on this one now. We'll see soon. I've got a Monday deadline set to get my check. However, this is...
  9. syswizard

    Brilliant presentation by Ken Reid on the 3 genetic trading types

    Guys - I think the concept of the three trader types is really important to understand. Moreover, I don't think it's possible to generalize as Dr. Ken did about 90% of the Type 1 traders losing their accounts. I witnessed a Type 3 trader blow-up in a unforgettable fashion. It's really important...
  10. syswizard

    Prop firm won't send check to close my account

    Guys - my investigation is actually showing some pretty bad stuff. It's amazing what you can discover on the 'net: the owner of the shop no longer has a current firm registration that is reguired according to NASD rules...i.e. it lapsed on 12/20/2005. Interestly, the last registration shown...
  11. syswizard

    Brilliant presentation by Ken Reid on the 3 genetic trading types

    Fantastic....and it makes sense. Wish I was aware of this 2 years ago.
  12. syswizard

    Prop firm won't send check to close my account

    I never signed an agreement with terms like that...no "lock-up" period was ever established, nor was a "k-1" established, only 1099 for profits made. Not really...that's not the same as a sub-account where you have a real stake via deposit that determines your BP....correct ? Someone is...
  13. syswizard

    Prop firm won't send check to close my account

    I had an opportunity to move to a more sophisticated trading platform at another firm and needed to "get out". 4 requests made past 3 weeks....fax, email, regular mail, certified mail. All of these went unanswered. Tried to call the firm's phone number...there was no answer. Called NYC phone...
  14. syswizard

    News algorithms?

    http://www.progress.com/realtime/algorithmic_trading/index.ssp Click on "....trends in algorithmic trading".
  15. syswizard

    The S&P has topped !!

    classic...I mean CLASSIC "double-top" formation in-place for all major equity indices. Man, if we don't go down from here, technical analysts are truly worth zero with continued layoffs likely from the major investment banks. "Helicopter Ben" may just "shred" the markets with those helicopter...
  16. syswizard

    Why are Long Term Interest Rates so low

    This whole strategy can backfire on the Chinese....and cause another "Fall of 1998" story with major upheavels in forex, interest rate, and equity markets. What can do it ? 1) Iranian atomic war threats 2) Another terror attack 3) Crude oil above $70/bbl persistently 4) US Govt bond...
  17. syswizard

    Ben Bernanke Bonds and the greenBack

    Longer Term though...."Helicopter Ben" holds the keys with two potential scenarios that may unfold: Scenario #1: Ben is "dumb" and quits tightening next month....equity markets roar higher...inflation begins to go wild...Dow goes to 11,800+...(hint of lower bonds, lower USD) Ben then must...
  18. syswizard

    insite vrs trade ideas

    TradeIdeas IS impressive..... a lot of thinking went into it...obviously by some experienced traders. Whether or not one can use it effectively remains to be seen, and as usual, this requires much back-testing and homework. All of these indicators and measures are worthless without a...
  19. syswizard

    What do you guys think of Doug Kass,James Altucher,and Jeff Cooper

    http://www.traderdaily.com/news/item/978.html Although we can' be responsible for ALL of our siblings behavior, the above is quite disturbing and does not reflect well on Doug Kass. Couple that with his super-short positions in home building stocks since 2004, and I would say he is on his way...
  20. syswizard

    Ben Bernanke Bonds and the greenBack

    Be careful with assumptions....Ben Bernacke aka "Helicopter Ben" (The Fed is dropping greenbacks into the USA via helicopter) may prove to be a SUPER inflation hawk...just like Greenspan was in 1986. Hello...anyone home...1986 was one year before....remember 1987 ? History tends to repeat...
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