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Nothing beats posing oil when trying to grapple with the Greeks.

We must do something about Baruch's thread necrophilia.

Douglas does not say anything about his definition referring to one trade, but rather to the intentionally vague "thing". His edge could refer to superior equipment (probability of my getting filled is higher than your getting filled) or to 5 trades of your trader (probability of winning after 5...

While I do dabble around with VBA for Excel, for the more serious work I use Turbo Pascal 6 for DOS. Old and outdated, but still lightning fast. In order to give you my estimate of 30 seconds, I ran the following (pseudo code) in Turbo Pascal - it took 33 seconds. do 100,000,000 times...

10 to 12 minutes.

Seriously though, I would not preclude anything when it comes to testing a theory. The analysis of the data, however, would have to adhere to the backtesting tenets so eloquently put forward by others in the relevant threads.

Aaaahh!!! That'll cost ya $7,500.

As I said, the coding is the messy part, but I doubt that it would come to more than an hour's work. If I have the inclination, I'll do it for free.

30 seconds.

My estimate was for something up to about 100 million comparisons. I don't see how you get into the billions. Please restate your request, this time as if you were giving exact specifications to a trading-illiterate programmer.

I'm still confident of my estimate.

My P4 2.4GHz Compaq could probably handle it in much less time than it would take me to code the thing. I'd say about 30 seconds.

I see your point. However a stop for me is not "premature", and that is what I meant by "any time". I may have to rethink my wording though. I believe you have understood my point well. Of course decisions have to be made on the fly, and these will depend on a host of factors. My point is...

And if the 250 pound, unshaven thug sitting opposite me growls and gives me the "slit throat" signal when I'm playing in some local game in parts unknown, I'll definitely fold my winning hand. But your point is well taken.

Here's a list I compiled comparing a trade to a hand of poker. It is far from exhaustive and no conclusions are drawn. Hopefully others will contribute. Similarities between a trade and a hand of poker (1) The outcome of each is uncertain. (2) Both are zero sum games, ignoring...

"Thread Resuscitation Techniques" by Baruch "Beat You To This One!" by Mr Subliminal

This is too good a thread to be closed, so I had no choice but to resurrect it. http://www.elitetrader.com/vb/showthread.php?s=&threadid=12100

Unless you count cards, you should always decline the insurance bet, which has a house edge of about 7%. Needless to say, your friend will find insurance everywhere, not only in AC.

So did I just from reading your post. I missed the show, so thanks, rgelite.

This is blatant irresponsibility on your part. Upon reading your first post, I rushed out to the Bellagio high rollers room and bet the farm on 22 black. Just as the ball landed, the power went off (see CNN news) and as I was standing there in complete darkness, all I could remember was the...