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The statistical concepts in the book are compulsory reading... BUT... the truth is... Black Swan events are almost always huge social tragedies... Plane crashes, terrorist events, epidemics, market/economic crashes, military coups, etc. Any man who CHOSES to base his livelihood... On...

Algorithmic Trading = "The New Technical Analysis" New century... same scam.

You are right. Generic apps can be MUCH slower than custom. But the FUTURE is "grid processing"... Stringing together 10 or 100 generic boxes... Into one virtual "supercomputer"... Making processing bottlenecks obsolete. The $1,000 product is Digipede. http://www.digipede.net...

Never. Idiots do not move up the learning curve. No. Skilled investors do not rely on "luck". A high percentage. Zero. Basic Logic. The Taleb book is compulsory reading. Understanding the concepts presented must become ** second nature **. If this book is hard for a person...

I used to watch Imus at 6:00 AM. He's a Pro. Poor Don. He co-operated in his own lynching... By people masquerading as "Christians"... Who will always Hate him because he is White and outspoken. There is a lesson here for all of you. You can NEVER appease people that hate you...

"mean-reverting, short volatility, long correlation strategy" This a brilliant 7 word exposition. And "exotic math" is not required... But understanding basic market truths and building the right infrastructure is mandatory. My favorite sport is NBA basketball. There are 250...

It's because of "swines" this, among many others... That I will never post any truly useful "pearls" on ET. Mr. Bright does it... Because he make money on every precious little lamb... That dares to sit on his knee. All they have to do is breathe and click... To keep the well-oiled...

To maintain data and screen stocks that may be used for pairs trading... Requires a full-time professional TRADER... PLUS a full-time professional PROGRAMMER. Period. I was a software engineer for 10 years... Before I made > 500,000 trades over 13 years... plus maybe 70,000 in fiscal...

Another great post by RockFish. I provide liquidity on the NYSE... And have seen virtually no difference in my volume/profits over the last few months. Trading the NYSE for me is different only in very subtle ways... But I'm not gonna relax for a few more months. Consolidated volume...

More than you think. The type of genius level people working for GOOG at NOT slackers... And probably love their work MORE than any other activity. Also... Computer savants value freedom to do it their way the most... And no other company can give them the freedom GOOG can. Your...

Drug use per se... is not bad or wrong. It all depends on the drugs one uses... and how. Also... different people react very differently to the same drug. I make 300 trades/day... every day... And take a prescription drug cocktail that I have evolved over 10 years. Without the...

You are exactly correct. IB's unwillingness to spend more money to provide and/or improve basic services... In the context of having > 50% profit margins... Is a rigid, cultish, ideological position. It makes no business sense. For example... I have a some paper Stock Certificates...

As someone who pays IB almost as much daily as you do... I find this hard to believe... Because I've dealt with Customer Service at least 20-30 times in the last year. You must just take it... no matter what it is... Which is not necessarily a bad thing. It's important to point out that...

Rubbish. If you are a talented quant... What you are doing will be highly proprietary... And the "deadwood group" will just try to copy/steal what you are doing. Also... Upstairs stock trading and futures pit trading... Have next to nothing in common. (I have done both).

In all seriousness... This is much better preparation for a trading career... Then an MBA or CFA.

Since you are including gambling books... Any poker or mathematics book by David Sklansky. If you wanna be a successful trader... You have to think like Mr.Sklansky.

There is very little interest in the IB IPO... Outside the trading community. I have yet to read an intelligent analysis... of IB's future business prospects. If you have a link... please post. Though due to the extreme flux in the securities business... Any predictions would be just...

The original "gene terminology" is ludicrous. People who make a lot of money can be termed as entrepreneurs or businessmen. Anyone can be a mediocre businessman... But all real talent is genetic... So very successful entrepreneurs are Born... not Taught. And it's the right combination...

ONLY Audited Financial Statements mean anything at all in the business world. Self-serving claims on internet forums are a JOKE. In fact... They are illegal for a Registered Person to make... Contravening NASD Advertising Regulations. Most people here are not running a business... So...