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  1. M

    Covestor Top 10 and Bottom 10 Clients

    What planet are you on? I see your "working system" is down ~9% since inception... is that right? Christ Bowo, I didn't realize you've gotten this deranged over the last few years. The fact that your backtest doesn't even come close to real world performance should be enough to cause...
  2. M

    how to make more money

    Where are there moderators these days? Cooolwhip is one of the biggest jokes on this site, yet, somehow this crap continues to propagate. This thread has zero content, although it is funny in a pathetic "laughing at" kinda way.
  3. M

    Best place to purchase historical stock data for backtesting??

    BoWo, You need to see the reality of your situation. Your systems suck; they are all losing money on collective2.com. All of them. Every single one. This is years after several ET members have tried to steer you in the right direction. What you need is a kick in the ass or a hard slap in...
  4. M

    Best place to purchase historical stock data for backtesting??

    Unprovoked??? What line did I cross, exactly? Awwww, did I hurt your feelings? :( Sorry.... no, not really. You gave some sh-tty advice and I'm calling you out, bill. You're telling a guy to "create random data" to test his ideas? Are you f--king kidding me??? You might as well sell him a...
  5. M

    Best place to purchase historical stock data for backtesting??

    Absolutely terrible advice. Do not listen to this guy, he doesn't know what he's doing. Do not use yahoo, yahoo daily quotes use open/close values that are not tradeable prices, you will not be consistently filled at those prices. Get your data from a reliable source. Livevol is very good...
  6. M

    Sterling VBA Trade Management

    Hello All, Over the last few years I've developed some simple VBA code to route and manage trades to Sterling using the API, most of it is done in VBA and some of it is done in C#. One of the functions that I would like to implement via the API in my VBA code base is the "Close 25% (or...
  7. M

    Slippage of MOO/MOC

    The best solution is to test your systems using intraday bar data. For example, what is realistic is using the close of the first 5min bar of the day (i.e. the 935AM bar close) and the second to last closing bar of the day, the 355PM close. Relying on executions based off the daily opening...
  8. M

    How exactly do Buy Limit orders become Bids?

    So its not as straight forward as you might think. Depending on where your order goes, your bid might not show up. If you send it to an ECN, then it should show up per NMS regulations. However, if you send it to a market maker, depending on the exchange, market makers have to abide by varying...
  9. M

    What are firms that hire traders?

    I'll agree that an up or down market shouldn't matter, but, higher volatility almost always equates to better PnL (for me at least)... I'd venture a guess that most successful short term equity traders (intraday) do better in higher vola environments. It is due to the nature of the...
  10. M

    Do you see patterns in Random Walks?

    Ok Bill. So lets get the facts straight here, you don't have a grad. degree nor a trading track record. But, for some reason or another, you're the authority on all things trading and all aspects of academia??? How's that work exactly? Hmmmmm, and still no track record nor any evidence...
  11. M

    Do you see patterns in Random Walks?

    Its a rebuttal to an wrong assumption, not an attack. Do you have a degree beyond undergraduate?
  12. M

    Do you see patterns in Random Walks?

    That may be the case in certain instances for certain programs. It certainly is not the case for all programs. You're making a blanket statement that is not accurate. I am an electrical engineering PhD dropout (got an MS) from a top 10 engineering school. I worked in industry during the last...
  13. M

    Do you see patterns in Random Walks?

    Bill, Even though you have some understanding beyond a basic undergraduate math curriculum, this does not give you the right to question the practices of many "serious" universities. Making blanket generalizations about PhD's, academics and finance professionals only demonstrates how...
  14. M

    Porn addiction and the trader

    That sounds a bit exagerrated.. porn caused you to lose all these things? How? What kind of shit were you into? For you to lose all that from porn sounds like you were either into something illegal, or, had problems that had nothing to do with porn... It's like the old saying: "guns don't...
  15. M

    Teahupoo

    It's hard to describe to people who don't surf how crazy this is.... I surfed this spot in 2008 at 2-4 feet, absolutely tiny in comparison to what's in the video. It's a fun wave at small size, but still scary, that reef is no joke. Any Tahitian reef pass is serious business. The surf out...
  16. M

    Statistics class today : Am I correct or is my teacher?

    The way your initial post was written, I immediately thought of a binary case of the CLT. The CLT is one of those ideas that is useful to understand now since its is 1 of maybe 3 fundamental (and important) things you're going to learn in a basic stats class. If you learn anything from this...
  17. M

    Statistics class today : Am I correct or is my teacher?

    Have you been exposed to the central limit theorm yet?
  18. M

    Official Series 56 Training Manual Available From CBOE

    Thanks for the info, good to know. Can you guys saying the deadline has been extended provide some sources for that info please?
  19. M

    Homebuyers now stepping away real estate, blaming it on the bear market drop.

    Where I live, about 4-5 million. Just property taxes on their own come out to a little over 1% per year. Lots of houses here in the 5-25 million range.
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