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Actually... you are 100% wrong. Your speech would apply to TA, though. Pairs and basket trading is so profitable ** if done right **... (And it's not easy to do it well)... That no one will talk about it in detail... It's like "throwing pearls before swine." You have to be BOTH a great...

Actually... this is incorrect: The average American street person has a net worth of $50,000.

Another issue to consider... And this may in fact be what is driving the IB Security Token rollout: Is the idea that if IB gives you a $100 token... They may be completely off the hook legally if your account is defrauded. It would be easy to claim that the Security Token is...

IB has been flooding mailboxes and ET with every imaginable horror story for at least 6 months... And the Security Token ** currently ** works only for withdrawals... Does nothing for their trading platform... So what exactly is the point of the horror stories? In sharp contrast...

In 1994... Cheapest discount brokers were $35/trade <= 2000 shares. 100 shares = $35 2000 shares = $35 By 1995... Cheapest discount brokers were $29.95/trade <= 2000 shares. Per shares pricing did not exist at the retail level. Because of minimum 1/8 = $0.125 spreads... It was...

Your question inplies that they are distinct. "Risk arbitrage" is a sophisticated form of trading... Generally requiring extensive experience and, in 2007, very advanced technology. It would be fair to say... That ALL stable trading businesses practice some variation of "risk arbitrage"...

Problem: Widespread Securities Industry Corruption Duration: 200 years Protection: The 200-300 people... That control the Securities Industry... Have Ironclad Connections in Congress... Always have and always will. That's why the NYSE >>> SEC. Recent Attempts At Cleanup: Even...

Actually, not true. When I buy 1000 shares... I automatically short 1000 shares of something very similar. I almost NEVER make a directional bet. That is for amateurs who do not understand the mathematics of trading.

ha-ha-ha... No one noticed... But the data points for an "average player" are not +50, +30, +20, -11, -11, -11, -11, -11, -11 = +23 But actually +39, +19, +9, -11, -11, -11, -11, -11, -11 = -10 If an "average player" plays 10 $11 SNGs... He breaks even against the other...

You know... I don't have a lot of time for a debate on this. The reason I believe my post to be correct... Is that it ** confirms ** what the smartest guys are posting on 2+2 Forums... Which is a far, far smarter place than ET. ** Intuitively **... My numbers appear too high...

The problem with your response... Is that you ** completely ** miss the point of my post :D :D VARIANCE, VARIANCE, VARIANCE... Which has zero connection to whether poker has "calculable odds"... As opposed to another Zero Sum Game. To give a specific example... A common way to make...

There has been this kind of talk forever. I'll believe it when it happens. I would benefit a lot. The entire issue is so esoteric and marginal... And charged by the PHONY negativity associated with shorts... That it's always been a political non-starter.

Ruin is a 100% drawdown. If you get wiped out... you are likely done for good... So I don't see how ROR calculations are relevant... Because your ROR should be so small (way < 1%) as to be irrelevant. My biggest drawdown in 13 years is 10%... And I was leveraged 6:1 for long periods...

"Stacks The Odds Against Us" When I say short term trading is a Zero Sum Game... I am actually being very approximate. Various "insiders" are actually continuously stealing money... In a very organized manner... So your true costs are fees + "insider theft". That's why you need a...

Yes. Precisely. It's has always worked this way.

Why exactly do free markets need to be "stabilized"? I idea that Specialists once took big losses to "stabilize" NYSE stocks is a Myth. Just let prices go where they will.

This is pretty much nonsense. It's just another example... Where a guy just says "my personal style" = "optimal trading". A ** pro trader **... Scalps his way into a position as he builds it... Scalps continuously for the duration of the position... And then scalps his way out of a...

This post has FAR too much common sense... For the folks at IB to grasp. There have been various, serious problems with the IB platform over the past week... Most of it because they constantly foist new Builds of TWS on Customers... Without doing adequate Beta Testing. Essentially...

Is there some reason... Why anyone should care about some little position you put on? This is no better than spam. Why are posts like this not deleted immediately?

If you don't know... That picture is a well known internet hoax. The hoax is that it's from a 1954 issue of Popular Science... And the thing is a "future home computer". It's actually a picture from a submarine... Though I think putting steering wheels on PCs is a good idea...