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But no, I have looked at your stuff, and I actually think you're a genius, James. I think you're genius for actually being able to sell crap to people and make money off of it. You did outsmart them. Kudos to you, man. Some stuff it seemed like you spent less than 5 minutes on WealthLab to think...

With or without modifications, his ideas just weren't very creative to begin with. It's not just changing a few variables here and there. That's easy to do, but his basic ideas were just... crap and not very clever to begin with. Any hedge funds trading with such simple techniques are...

Altucher's systems are crap. His book should be retitled "How to Trade like a Shitty Hedge Fund." :D

Scaling in and out is a form of disciplinary money management. You certainly don't want to put all your eggs in the same basket at the same time when you're choosing some top or bottom because, unless you have absolutely certain information, you could always be wrong. If you're wrong, you...

Actually, there are some jobs that have some salaries you wouldn't believe. I know a welder who makes $95K and he works like 45 hours a week. He never went to college. What for?

[/b] Almost 80 grand to teach the alphabets.

It's just preference. I don't think there are overwhelming advantages or disadvantages. Some people like trading penny stocks. Some people like trading GOOG. Some people like trading the DAX. Some pople like trading soybeans. Some people like trading bonds. But do they really have advantages or...

No, it's not. I said I did it through unhedging option contracts before expiration. Maybe you didn't understand that, but what I meant was that I didn't want that much gamma. The 25 was a hedge, and with SPAN margin, everything offsets each other. So it does not change $625 per tick since each...

It means if you want to do size bigger than what is shown, it will get done by the arbs. Let's say you have 100 contracts to do and it's lunchtime (Aussie time), and the book is only showing 25 or whatever. You can do it in increments, and they'll still get filled quickly. Liquidity is never a...

Volume today was not heavy. But there were still decent size on both sides. It's more commonly traded among institutions. They do size like 500 contracts in increments of 100. If you got 10 to do, that's easy and nothing. Most of the bids and offers may not be shown in the book, but if you hit...

No, I'm not kidding. And yes, I trade the SPI, obviously more than you have. During Australian hours, they have liquidity. You probably have only glanced into it during the overnight sessions so you're not too familair with it. It's totally different from the day (Aussie trading hours time...

Not that one. [B] Not that one neither. You're thinking of a totally different instrument that's not related. SPI is a popular futures contract, a derivative of the equity index in Australia, similar to the All Ordinaries..

It's a point spread, and unless you're doing 100+ contract size, you should be able to get in and out easily.

Why don't you guys trade the SPI instead?

Yes, that's pretty common for grain markets, metal markets, and most soft commodities. If USDA guarantees farmers a specific price floor, then it decreases the probability that the commodity will trade below that floor, so those otm put strikes would not be in high demand. However, I think it...

That's the result of the interest rate bias. If the bias was for the other direction, you would see a different type of skew. But right now, rates are very unlikely to fall back down anytime soon, so some strikes just aren't in demand.

The put skew is there in place to protect the downside. That's why it's been in place since th 1987 crash to prevent events like that. If there are huge gaps in the market, it's more likely that it will be on the downside than the upside. People should understand that OTM puts have value.

Out of the money puts have more value than out of the money calls for the SPs and Qs. Since in the money calls are really synthetics for out of the money puts, and in the money puts are synthetics for out of the money calls, those in the money calls should have higher extrinsic value than the...

All have already been reproduced. His ideas all suck. Didn't even work in 80s or 90s data. And backtested on a bunch of stuff. I think Alchtur pulled ideas out of his ass to just sell a book. Maybe he should had renamed his book to "Trade like a really shitty Hedge Fund." :D

It's a great tool. Much better than TradeStation (EZ Language is limited). It might look like a kid's toy, but it's pretty powerful. And pascal is pretty easy to learn. You can do quite a bit with it.