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It is interesting that your elitetrader campaign begins on the day that online gambling is pretty much going to get a lot more difficult. Care to comment?

We might never begin for fear of all the potential pitfalls, eh LT? Let's not hijack Chabah's thread, he actually sounds interesting so far.

It is pretty obvious from the very beginning of Education of a Speculator. He's either gunslinging or wants the public to think he's gunslinging. I'm all for it either way, the more gunslinger wanna-be's, the better.

Yeah, americans are as entitled to fight by putting up artificial barriers to entry as the south was when they were fighting for segregation, and before that, slavery, by putting up artificial barriers to entry. This kind of crap looks pretty ignorant to me.

The reason foreigners hate americans is exactly because of this attitude. Do you think you are entitled to your middle class jobs because you're a good 'ol 'merican? Go ahead and get in the back of the soup line and scream some more about how unfair it is that you aren't overpaid anymore. The...

When you are running through 10,000+ different variations and system combinations, you can't look at every equity and drawdown chart, so what metric do you use for optimizing? I optimize for the modified sharpe and eyeball the more interesting equity and drawdown charts (chiefly the optimal...

I look at how each system contributes to the modified sharpe of a basket of systems. If it improves the overall modified sharpe of the basket, then it is probably good to trade if the other metrics aren't bad because it makes a positive contribution towards a smoother equity curve. Each system...

For my systems, I use the "modified sharpe ratio" mentioned by Acrary in his system development thread. The formula is: modified sharpe = mean / variance or more explicitly: modified sharpe = average trade return / standard deviation of trade return Like another poster on this...

Here's a simple way you can find out how your account correlates to the S&P 500 (or another market) in excel. You will need the equity balance from your monthly statements over the period you are interested in, and monthly close price for the market you want to compare yourself against (the...

Cool idea. I could make one but Im lazy.

Most of my watch list comes from stocks that have hit the new 52 week high list in the last few months. Check out the "stock scans" tab at http://www.stockcharts.com

"The American Way" on Legion of Boom hits the spot for sure. "Trip Like I Do" is probably the smoothest beat ever. Also psy/goa (Juno Reactor, Infected Mushroom, Astrix) and chillout sets (Morlack) are the best imho. The latest two Tool records are a great backdrop for reflective thought...

Check out this position trading risk management technique: http://fickletrader.blogspot.com/2006/08/breaking-off-piece-part-1.html The idea behind the technique is that "risk capital" is deployed via pyramidding to break off blocks of stock in a controlled risk manner. When you are...

I run a blog where I identify Zanger style trading setups each week using software I've written, and discuss the context of the current market from a position trader's time horizon. However, the main focus of the blog is not the stock picks, but how to discretionary trade similar to Zanger...

I was laughing my ass off when I read that thing from HolyGrail.

That's what I thought.

LOL you're posting this like I'm saying it isn't true. I'm not saying that at all. What you posted is true, but it doesn't disprove what I posted, so wtf is your point?

Because the profits on the long side of TZOO began closer to $10 than $100, and the profits on the short side began closer to $100 than $10. Why should they both start at $100? So that we can make an imaginary 90 point move on the long side after $100?

That is exactly my point.

Here's why position capitalization matters when dealing with profit targets: ---------- Trader 1: short 1000 TZOO @ $100 1000 x $100 = $100,000 starting capitalization cover 1000 TZOO @ $10 1000 x $10 = $10,000 ending capitalization VS. Trader 2: long 1000 TZOO @ $10...