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Good idea.

look guys, i like greek letters myself, but i think you're over-engineering this . . . let's assume the max holding period for a given pair is 10-15 days . . . that would be the time stop . .. if i'm trading a huge divergence from the ratio mean, assuming the mean exists and it's stable, and...

you may be rely on your crystal balls too much. i mean how can you know in advance? i can challenge you with the following statement: if you do random entry, at 2pm, and have a maximum holding period of 1.5 days (i.e. exit at the close of next day, at the market, if your profit target has not...

aiki, the art of harmonization, is the key. when one's ki is circulating freely, sickness does not arise. let go of petty thoughts and selfish desires, and you can live in true freedom.

the short BAC/long DIA pair is becoming profitable, so i was too early in saying it did not work. Ernest Chan is probably right when saying that time is a pair trader's friend (when he compares mean reversion, and momentum strategies which he believes are more risky). If you place a hard...

ok, but what exactly would that mean for a particular spread trade, for example, short ABX (barrick gold)/long EWC (canada etf) ,with a maximum holding period of, say, 10 days? so i have a time stop of 10 days, after that i take the position off . .. so we are hoping the spread will revert...

time to buy SRS again :D

i agree with colonelangus in that i like the pairs concept. if you buy somethin, you gotta sell somethin . .. taking an outright long or short position in something basically means making a bet and keeping you fingers crossed . . . again, losses occur, but i think they are smaller and...

Re: S&P 500 Index Year-End Target Raised to 900 at Morgan Stanley i thought there was a formal court order for morgan stanley to be re-characterized from an 'investment bank' to 'science fiction publisher'. the judge wrote: "your new full name should tell the public what you really do"...

well, let's not rush to conlusions yet. the jury is still out on the novartis trade. if it were a real trade, i would've closed it for a loss, probably, and the loss would've been locked in forever. i'll give the paper trade some more time, because it's only been a couple of days. and i think...

hi there, i remeber you from another thread. you are the skeptic. that's good, i'm a skeptic myself :mad: the 'novartis long/switzerland etf short' pair trade (paper trade) is going against me, down about $170. it's a paper trade. some paper trades have been more successful, like BA...

there's stuff to look at at gummy stuff: 67.220.225.70/~gumm5981/PairsTrading2.htm it has a huge edge, it's free. you can download the excel add-ins FOR FREE. I don't know about you guys, but in my world FREE is better.

hedge funds are an interesting topic. a bird's eye view of the hedge fund industry and other new international players can be found at: www.mckinsey.com/mgi/publications/The_New_Power_Brokers/

i'm an elite trader, not a farmer. but farming is good, you are close to nature. that's what rogers means, because he sees things in perspective. it's not about money. serenity is key.

i know for a fact bill gross of pimco is here. he said in one interview "ET is a major source of inspiration and quality investment ideas for pimco's leadership." he's very modest and does not disclose his identity here. i read his ET posts regularly, he gets a lot of criticism here. but he...

i hear that jim rogers thinks very highly of ET, and has been a member of the forum, interacting with fellow traders quite actively. if anyone knows what nick he's here under, please let me know. i'm very nervous about this market and would like to check, through ET, what jim is up to. thanks...

nice, very thorough chap. he's also often right short term, which shows he knows how to think like a trader, not only macro by the way, it's very strange he's not on this forum (unless he's hiding under some nick here). i've heard jim rogers, warren buffet and bill gates are already here...

It's ok to be a trading guru. If I remember my Sanskrit correctly, "guru" means "someone who, being preoccupied with matters of nirvana, never trades, and has never traded, but teaches others how to trade, to finance his serene being" That's what it is by definition, so nothing wrong with...

Haaaaaaaaaaaaaaaaaaa !!!!!!!!!! :D :D :D :D Great point! I would not be surprised if that was the real edge of most of jack schwager's market wizards (both books) There must be one or two episodes in there, where they made the real money, but no one will ever tell the public how. Edge...

maybe, maybe not. we all have these sorts of insights, now and then. it's important to backtest them. honesty is key. psychology is key. to be honest with respect to your own trading ideas, your own hard earned dollars, try to test your ideas for free. ninjatrader is a free tool for...