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I've noticed that there are many strategies that when backtested, show an "edge". That is, winning trades of > 50% and average winning $ per trade > 1.5x the losing $ per trade, total winning $ > 1.5x losing $ over the trading period. With this being the case I'm fascinated as to why anyone...

I remember when they used to do whole conferences and seminars. Nowadays its just (very expensive to non broker customers) seminars here and there that are invariably sold out and almost always in Florida. There is an extremely useful new website: www.tradestationworld.com

Neovest's First Alert is a real time scanner/filter and lots more. Its not browser based. It will find stocks based on almost inumerate criteria real time. It is very expensive, however it is incredibly powerful. There was another lengthy thread on this issue not long ago, you should do a...

I had already noticed some slipage of content away from RM last year- I would click an interesting link only to find that it had become part of an even pricier product than I was already paying for. Which begged the question of: what am I getting for my money? The Chartman comes to mind as an...

There is a place downtown called Kanvas (9th ave and 23rd), excellent ambiance and lots of hotties, and since I used to be a part owner (I can get a free round or two). The Brewery at Rock Center is closed (someone mentioned it). We will know about MTA strike in a couple of hours - as of now it...

I love TS6 for its reliability relative to other competitors, namely Neovest's First Alert (godawful data problems - but awesome filtering capabilities) TS has great charts and easily manipulable chart functions, but its (to my mind) major gap is its absence of a filtering feature and...

"If you have a dream, you can give out, you can give in, but never give up. Do whatever it takes." Have you been reading Hollywood movie scripts? Formula: Have dream, realize dream, ending credits. Quitting is a bad word in Hollywood. Reality is different. At some point you have to...

There are great points made here but I'd like to add a point that I don't think has been made yet. Regarding win/lose% and win$/lose$ combinations,there is no doubt that the former is meaningless without knowing the results of the latter and vice versa. However I have noticed in my trading...

I used it too back in 2000. I agree that it was considered the fastest execution platform for Nasdaq trading. No mouse clicking no charts, just (at the time) Level 2 and some other ancillary stuff. Broadway (now owned by Schonfeld) replaced it for some reason with the "Mach" platform which at...

What a great article - great read. There are so many scum-bags around its depressing. Any would be hedge fund investors should read that piece. As a sidebar, don't you find the "accredited investor" rules ridiculous? i.e. if you have a certain net worth and make a certain amount of money per...

"is cool as long as it has a dope like james cramer doing the executing" Is this a sentence? What does it mean?

In addition to the "When Genius Failed", the story of LTCM suggested by others(which I think is the number one read on this subject) there are a couple good reads as well. I think the recently published "Confessions of a Street Addict" by and about Jim Cramer and Cramer-Berkowitz, his hedge...

It only became stigmatized because the term became widely used for the first time during the bubble and widely advertised through Etrade commercials and the like with snotty kids or neurotic stay at home types as the main characters. It's interesting that we do pretty much the same as...

I use it at home for-post closing purposes. The ease of use of the charts is the best I've seen. The biggest drawback I find is that you have to apply their (admittedly powerful) indicators to stocks you choose instead of being able to scan the entire market for stocks that fit your criteria...

Add to the mix that Commerzbank - the 3rd largest German bank (and German banks are big by our standards), is reportedly in trouble with bad loan problems. PS. a run on the dollar has been hotly debated lately among the chattering classes, with a further 20-25% decline expected (see current...

Good for you. I've heard from some experienced traders that IBM is one of the hardest stocks to trade. Its hitting multi-year lows I guess now. Good luck.

sorry for the separate post but, I believe the perfect storm scenario for housing will less affect homebuilders than the lenders. Sure, earnings will be negatively affected yada yada but the home lenders are long a lot of crappy loans that are delinquent and will have to be written down...

Do a search on google for Stephen Roach of Morgan Stanley. He has been "pounding the table" on a housing price bubble on CNBC, and in the print media, most notably the NY Times Op Ed about a week ago. His argument is that a ton of cash has exited the stock market and entered the real estate...

First Alert is offered by Bright for 100% sure. Also, they use the full version, the thin version is considered by most to be inadequate. FA has a very powerful filtering system using simple English commands, e.g. here is a filter I use with the command lines in there: Rules: 1) last >$20...

Re: shortinterest's comments I use FirstAlert every day and was previously a Tradestation user. I have never used Insight so can't comment on that. Regarding your assesment of First Alert, I agree with you except for the comment on Charting. I think that's their biggest shortcoming. The...