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    SPX Has Topped For The Year Or Pabst Will Leave ET

    Pabst, starting tomorrow your "top" theory will be tested. I'm rather skeptical, but there is a chance it won't go too high over the next few trading days. -Raystonn
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    Poll: Choose between 2 traders

    If the systems had exactly the same drawdown characteristics and the same risk, but the profits of one system were greater, then you should choose the one with the greater profit. When risk is constant, and reward is greater, you have a better risk:reward ratio. However, if you do not have...
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    Poll: Choose between 2 traders

    Your poll cannot be answered without knowing some additional statistics. What is the maximum historical drawdown of the systems? The first system may be trading smaller size because it has a large historical drawdown, and the account must be able to survive any expected drawdown. What...
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    Why learning to trade from Jack is so difficult

    Buy if the price will rise. Sell if the price will drop. Take note that it is irrelevant what the price did recently, unless you have identified something in that information which will tell you what the price will do in the future. Trend followers often believe that recent market action...
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    Pictures of your trading stations

    I have been pondering the human side of this and think it could actually be more beneficial to mental health to wear one of these and work in a virtual office that has large windows with the Sun streaming in than to work in an enclosed office without a window. When the price drops an order of...
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    Pictures of your trading stations

    Actually it's very cool. You certainly wouldn't want to walk around with this on though. Your eyes are seeing a different world, one that may not include the wall in front of you. How many guys do you see wandering the halls holding their laptops in front of their faces and not watching...
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    Pictures of your trading stations

    Thanks ElectricSavant. I'd edit the previous post if I could get around the 30 minute time limit. -Raystonn
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    Pictures of your trading stations

    Either you actually take a break during lunch and take it off like a pair of sunglasses, or you just briefly flip them up as you partake. It's not all that difficult. In fact, you can eat at the kitchen table and you get to take all your virtual monitors with you. Add to this setup a...
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    Pictures of your trading stations

    piSight's Visual Field of View: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1206620>
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    Pictures of your trading stations

    The piSight: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1206618>
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    Pictures of your trading stations

    ElectricSavant, can you please modify my previous post so the image appears in-line rather than showing the URL as a link? I believe we must use actual HTML rather than the img tags, so you would do something like this: <img...
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    Pictures of your trading stations

    Ok, I give. Why am I not seeing an image in-line when I use the [img]...[/img] tags? -Raystonn
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    Pictures of your trading stations

    Just grab yourself a commercial image generator array or a rack system and put it in an IT closet. I would say eliminating the stack of monitors would actually make it easier to eat lunch. You have more desk space. The HMD certainly does not block your mouth. The aspect I enjoy is that you...
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    California Sues Companies for Global Warming!

    The California Attorney General is running for State Treasurer this November. -Raystonn
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    Limit order priority question

    On an ECN limit orders are prioritized first by price, then by time. First come, first served. Every time you modify an order, you head to the back of the line. When dealing non-electronic markets, specialists and market makers pretty much order things however they like. As long as nobody...
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    Pictures of your trading stations

    The only price I have seen so far is US$200,000. Since the components do not cost that much to manufacture, that should eventually come down. If you contact them directly perhaps they will entertain a lower bid. If you are interested in the technology behind it, they use 12 of these micro...
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    Reverse Trader's Grail

    $4732 compounded monthly at a rate of 5% per month gives you just over $285,000 in 7 years. So the last poster is correct. Your numbers do not add up. 5% compounded monthly is just under 80% annually. That is hardly a "grail", especially for a sub-$5,000 account. -Raystonn
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    Pictures of your trading stations

    Why bother staring at a few small rectangular screens? Skip straight to a panoramic head-mounted display. You want another monitor displaying information? Just add a virtual monitor to your right, turn your head, and there it is. This system is considered better than the CAVE virtual reality...
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    Paradox?

    Casino game results follow a normal distribution with rules that give them a small edge. No trading system I have ever seen has a true normal distribution. They tend to have fat tails. Since trading systems do not have a normal distribution, it is much harder to predict an average gain/loss...
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    These guys are nothing but thieves and gamblers

    This offers a good lesson for novices: This is yet another one of those things that would never turn up in a simulation. Simulated trades do not impact the market. -Raystonn
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