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    PFG Trader Challenge

    Is anyone from ET doing PFG's Trader Challenge? This is a 6 month futures trading contest and a good chance for "big talkers" to demonstrate their trading skill with independent verification. More info on the challenge at http://www.pfgbest.com/cta/contest_details.asp I'm not affiliated...
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    What would be considered a "world class return" in todays market?

    A monthly sharpe ratio of better than 50% over the past 3 years appears to put you near the head of the class at IASG.com. Why? What's your risk adjusted return?
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    Futures Bookkeeping Software???

    Try the Margin Account Calculator. Google to find it.
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    Spoos and NQ vertical

    Security threat was lowered from orange to yellow.
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    Syria next ? You bet.

    I agree, Aphexcoil. I was impressed to hear that he was leaving the fighting in Iraq to the generals. He surrounds himself with good people and lets them do their thing.
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    patriotic rally coming on the news 7 POWs rescued.

    Hmmm. Rally? I actually thought the tough Syria talk had taken on a new dimension and my first thought was the market would dip. Talking about Syria having WMD sounds like the start of a case for why the US should invade. From CBS Marketwatch: "Bush said he believes Syria has chemical...
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    Your Decision and in-retrospect

    And it's an easy commute. :)
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    Poker question for the intelligent denizens of ET

    Once you have the number of hands for your desired outcomes... By dividing by the total number of hands, C (52,5), you have the probability of getting at least one Ace and the probability of getting exactly one Heart. Let's call these probabilities A and H. They will be 0 < A, H < 1. A...
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    Your Decision and in-retrospect

    The polite, but firm, request to resign was my most compelling reason to leave my former employment. I'm still not clear on why a company would ask you to resign rather than fire you. To reduce their liability from wrongful dismissal? To show goodwill by giving you a dignified exit? Are...
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    Money Managing streaks

    The only reason to wait for losing trades before starting a system is if there is a negative serial autocorrelation. If there isn't, what's the point? If you don't know, check it!
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    S&P or NASDAQ?

    Unless you are going to arbitrage between Europe and US, it doesn't matter who leads whom. Same thing with the debate whether QQQ's, NQ's, or NDX cash index leads... Unless you are going to arb them, it doesn't matter.
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    YM trading: how common is this?

    4 Dow points equals 0.049% of the current Dow value of 8142. If you were trading the ES, that would equate to slippage of 0.42 points. That's more than 1 but less than 2 ticks. Given the YM has about 1% the daily volume of the ES, I'd say you did alright.
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    Managed Accounts

    A hidden cost is the commission cost. Vision LP isn't hooking you up with Ansbacher for nothing. Ansbacher will be trading your account through Vision, and Vision profits off the commissions. Find out what commissions Ansbacher will be paying Vision. Or rather, I should say "find out what...
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    WAR IN 72 HOURS... TIME FOR UNITY... WHATEVER OUR DIFFERENCES...

    The war isn't starting on Monday. The Bush administration promised it would give foreigners a warning to get out of the country? Do you think they are going to start bombing with dozens of UN inspectors all over the place?? What may very well happen on Monday is that Bush gives a primetime...
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    1998 BMW M3 (Bay Area)

    Two or four door? Automatic or manual transmission?
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    For Those making over $50K a year

    Thanks, Lobster!
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    DealForFree.com...NO COMMISSIONS on stocks or FUTURES

    Actually the French don't like cars. One backfired once and the entire country surrendered.
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    after "gold" my next short is "ebay"

    If you want to find a cheap, used copy of "The Art of Short Selling" by Kathryn Staley, where are you going to look? Likely either Amazon or Ebay. I wouldn't short either one. (By the way, here's the auction for the book...
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    For Those making over $50K a year

    The difference between $10k per year and $1 million per year is just position size. The prop traders making millions for Goldman aren't any smarter than you or I, they're just making bigger bets. Start small. Once you know you can make money, ramp up your size in proportion to your risk...
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    How much do you REALLY make trading?

    Are you talking about a quarterly estimated tax filing? Are you in the US? What form do you use for that filing? I make quarterly estimated tax payments, but I just send the IRS a check for 25% of my previous year's tax bill. That way I'm sure I won't have any penalties. But it leads to...
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