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Sorry to see you go, I enjoyed reading your postings. To be honest, I don't know why you're being so hard on yourself, it certainly seems like your algos combined were doing pretty well, especially considering the markets. It definitely took a big hit, but once we get over this rough patch...

Question: How do you determine when a system that used to work, no longer works and should not be used again? What criteria besides number of losses should you use to determine that it is no longer effective? Basically, how do you differentiate between a drawdown and a broken system?

Have you considered cutting down in size until the markets calm down a bit? My trading system has been on fire but the risk is too high for me, so I cut down in size. Normally I trade 4-5 contracts but I can't afford a daily loss of the $3000 it has been coming up with, due to volatility, so I...

I don't think he'll have to worry about this one. If he doesn't scale in with lots of contracts, he'll be taking regular losses, like the rest of his room. I was able to get in mid-way through the webinar without any problems. I don't think his room will get up to 1000. I know a few...

Bad assumption. You have no clue if 312k is the right amount. Hoffman said 307k + commissions, I would go with that as the right amount. Who cares what the exact figure is? He wiped out his gains for 18 months.

If this is all you want to do then just stick it into a map where the key is the timestamp. Using minute data you can reasonably store years worth of data in memory on a current system. strptime and mktime will work, although I myself used ICU libraries (ICU4C) because I was dealing with...

I attended the webinar they had today, and it was admittedly pretty good. I just dropped out now to go to work. Hoffman was fairly honest to many questions. It sounded a lot like he was trying to save face a bit, however, he did admit he made a lot of mistakes and went over them. He didn't...

First off, you should convert the dates into timestamps when manipulating them in C, either seconds, nanoseconds, etc. This will simplify your life a great deal. How are you accessing the data? Do you just go through the data sequentially? Do you look for particular timestamps? Or do you...

(By break even, I meant his trading will become 50/50, not that he will recover from his impressive 300k loss.)

For the record, in the 2 day online event this week, Hoffman will apparently talk about how he is going to set his stops, instead of keeping his so-called mental stops (I guess his stops are 130 ticks away?). Also, he's going detail how he will trade less contracts. I'd be interested to see...

I'm doubtful. I really don' t think the "powers that be" really care about regulation and making the markets safer for retail. The SEC isn't around to protect retail, they're there to give the semblance that the markets are fair, which it is not. There are so many easier, bigger fish to fry...

Nice! when will you start live trading?

Hoffman had over 850 contracts and went for more when his account was locked by his broker. This has been confirmed by multiple sources that watched the trade live. He most definitely made more money from the training room than from trading. I think someone said his profits for the year was...

Thanks so much for this info!

I met someone who is an HFT in Chicago, and he said that he traded based on order book data and trade price/volume. Stupid question, but can someone explain what this means??? I guess the order book is the bids and asks at various prices, and the trade price and volume are obvious, but how...

So, how is the results from sim-testing this working out? Is it going as expected?

I can confirm pretty much everything written here. My estimate for number of subscribers is 500. The activity from the forums, etc is really low, so I don't think it's anywhere near 1000. That being said that's still $150,000/month. If the exit was anywhere between 12:10pm and 12:25pm my...

As I said, he proclaims every day that he is trading his own live money. That's why if he were faking it would set himself up big time for legal trouble. I really don't think it's faking his live trading.

Let me just say however, that this entire episode has left a bad taste in my mouth with regards to Trade the Markets and Hoffman. I've always felt that it was a scary way to trade and getting flushed seems like the only end game, at least the way that Hoffman trades. I like Trade the...

Let's not get ahead of ourselves here. Hoffman blew up his account in front of hundreds of paid subscribers. He has claimed over and over again that he is trading his own real money. If he were faking it 1) He would go to jail for fraud and set himself up for civil lawsuits. 2) Why would...