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I am taking the course and overall I would recommend it. This professor bridges the gap between the real, hedge fund and academic worlds nicely. The finance theory stuff is very basic. He does a good job of getting you to calculate Sharpe ratios, and understanding from a practical standpoint...

You have a hard time believing that TD changed this setting to delayed data? Did I just imagine this then? Was my call to the trade desk in my imagination too? And no, I did not change the settings in TOS to delayed data, why would I do that? I've this account open continuously for more than 5...

You know where it says Data: real time on the upper left corner of the platform? It was switched to "delayed" but looking at the quotes and positions you would never notice, except at the open. the P/L for all positions was zero even the the market had been open 10-15 minutes. That's when I...

TDAT are working their retail stuff on Thinkorswim. I had options positions on lots of liquid names like F and GM and YUM and when the market opened I saw zero daily P/L even 15 minutes after the open so I called the trade desk and guess what? TDAT had switched me to 20 minute delayed quotes...

In trading, my edge is "high variance". Edge being the net P/L to a strategy above a ranndom entry and exit. It comes and goes, has streaks of success and streaks of losing but it is there and real and measurable I can get a string of bad results just by luck resulting in a drawdown of...

Good point but when I first started trading, so called mentors were telling new people that it takes 6-9 months to become proficient. This poker wiz is an exceptional person I'm sure you would agree so if it took him 18 months to get proficient at poker, how long would it take the average...

Exactly. It explains why the SEC targeted and forced thousands of small time operators to settle cases over the past several years. They could not afford the legal costs to do battle. But the big fish can. In a NY Times article some year or so ago, an ex-SEC person explained the pressure to...

From today (Saturday March 26th) New York Times weekend magazine http://www.nytimes.com/2011/03/27/magazine/mag-27Poker-t.html?ref=magazine And some quotes: "Daniel (jungleman12) Cates, a 21-year-old self-made multimillionaire, lapsed economics/computer-science major and one-day Bubble...

are you referring to research analyst upgrades and downgrades? If yes, then the usefulness of this falls on the shoulders of the analysts and firms they work for, not the website publishing them. Right? Or are you referring to stock grading websites that are not (re-) publishing Wall st...

I have been a TOS customer for 3 years now and I've used many other platforms. I have some complaints but I've never experienced a platform freeze with them. I don't love their commisson structure nor their recent affiliation with groups like Investools which is a totally worthless sales...

Just got my new Kindle yesterday and downloaded "Trend Following" a few mins ago, thanks for that Michael. I recently got the iphone 4 and have been reading books using the kindle app for iphone which is better than you'd think it is (while in the subway etc). This Kindle should be a lot better...

I'm an example of an-ex stock trader turned options trader (per Robert Greene) post. When I was at my old stock prop firm, my manager confided to me over a beer at a trader's expo in NYC that of the traders he monitored within the firm, only the automated traders were making decent money...

I also use TOS retail platform and it is easily the best of the 3. Redi is built for the hedge fund and institutional crowd whereby both sides have programmers and high level tech support talking to each other. It's not for the independent self-directed trader in my opinion. I used it for 6-7...

I have this exact set up in my office. I bought it and PC from small hedge fund a couple of months (they bought it brand new). It replaced my 2 side by side monitors which I now use at home. Here is my one complaint: Getting your seat height right relative to the monitors is critical. I...

Hey Mav ET has gone downhill for sure Please check your PM. Meanwhile I would be glad to meet for a beer, on me of course. I'm right near the World Financial Center. DG

why not ask the Brights, they must have encountered this. A second line of enquiry would be to Bob Green of Green Trader Tax. He will definitely know the answers (for a fee). My understanding is that in any LLC, trading or otherwise that the tax flows through to the members by dint of...

DMO and MTE I have been trading with thinkorswim for some 2+ years now and the platform is great. But the commissions prevent you from gamma scalping profitably and limits your ability to delta hedge in a tight band. I've tracked my gross versus net P&L and the commission picture is pretty...

Well "y'all" doesn't sound very sophisticated for a start. Are you from the south? Nothing wrong with the south per se but be aware that most hedgies are from the Northeast and "y'all" does not impress. More to the point: you are looking for pointers to sell yourself? Why, don't you...

I had the pleasure of meeting him in the early 90's during the S&L bailout. He had been a vocal critic on CNBC lately at the way the government is choosing to bail out the banks. He gave a very reasoned alternative which was hard for many to hear because he kept getting shouted over by...

You must have skipped Econ 101. Rent control is a price control with the government setting the price (rent) below where the market based supply and demand curves intersect. Economist actually do agree on some things and pretty much are in consensus that rent control is economically...