perfect- that's exactly what I was looking for. Looks like this is the formula I wanted:
x = abs(Avg-Profit) * (Number of Trades)^0.5 / (Std Dev of Profits)
Sure does, I would think it was far below average. Check this out though-
http://www.fivethirtyeight.com/2009/07/challenge-to-climate-change-skeptics.html
Its been, well, average this summer. But our selective brains make us think that it has been much colder than usual. This is why...
I looked at some numbers today and it looks like the high or low for the day is within 2 pts or less of the 9am-10am high/low very often. Like over 80% of the time if I'm correct. Anyone else work on this? How do you use this information?
This guy is an alcoholic college dropout and you're listening to his opinions on anything?
GS makes a great Villian-- we can blame them for our trading losses and politicians can feign outrage to generate populist support.
They are just giving everyone an option for the Government choice-- just like when you mail a package, you have the choice between a private company (UPS or FedEx) or the US Postal service.
I read and liked both books, and would recommend both to you. It would be cool for someone to recreate the experiment but instead of looking for market savvy participants, take a group of high schoolers and make it a year long project. Teaches them and tests the theory of systematic trading.
So then why didn't the "high achievers" IN ANY SOCIETY EVER just leave and start their own country? Its never been done throughout history. Makes you wonder.
The simple question for any Rand fan is: If her philosophies are so much better than anything else, why have they never been successfully put into practice in any country in the history of the world?
"Nine months into the fiscal year"
As much as you hate Obama, he's only been President for 6 months. This is the budget Bush proposed and signed. If the Bush Admin had included war costs in their budgets their deficits would have been even bigger. Bush spent more than every president...
How do you conservatives carrying around your copies of Atlas Shrugged feel about the fact that Ayn Rand was an atheist, anti-Christian, and pro-choice?
http://www.aynrand.org/site/PageServer?pagename=faq_index#obj_q5
so much for your "hero"
Whenever we have companies who are "too big to fail" don't they just act as a proxy for government? Yet I never hear about the Consequences of Big Corporations. Getting health care rationed by an insurance company bureaucrat is the same as having it rationed by a government bureaucrat.