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there could have been a bottom a few weeks ago, but the wcom fraud happened and killed all confidence. I think the dow will go down to at least the 7500 area.

what was that about worldco only holding on to 25% of your money? Do you know what they need as initial collateral and how long they hold it ? Also, how much buying power do they give you initially ?

I didn't mean that the traders didn't lose money, I meant that they didn't get screwed out of their money. The traders knew what risks they were taking and the did it anyway. The retail investors, after being brainwashed that the market will always pay off "in the long run" and that "buy and...

the people who really got screwed are the buy-and-hold investors, not the traders.

they were the first major one after enron, but there will be more major bankruptcies. Lucent and Nortel are both on the brink and wcome was a major customer of both of them.

yes, we are special, this is Lake Wobegon where all the children are above average. :)

actually chasinfla nailed it I think, since predictions about the market effect the market. That is about what George Soros' "Theory of Reflexivity" is. Then someone else mentioned that if you just predict that the weather tommorrow will be the same as the weather today, you will be right...

Thanks Thug. Did you have to put up a cash deposit ?

yes I'm interested in initial deposit and how much buying power they give you when you start.

If you come in off the street as a new trader and don't know anybody, how much buying power do they give you ?

if you are in florida you can buy Blue Cross/Blue Shield as a healthy single male 80/20 plan for about $100 a month last time I checked.

gotcha. I am not really a novice so I already have some ideas of my own. Do they discourage you from swing trading? What about options trading ?

ah , somebody else crazy enough to play INVN ! I have both made a killing and lost my ass in that stock over the past year. Extremely news sensitive. It does look like it is trying to breakout though.

so I would interpret a reading dead equal to 1/2 or very close as something totally random ? In that case I wouldn't touch it. Does that make sense according to the theory ?

Is anybody out there using the Monte Carlo method for position sizing? After reading a lot, it seems that it is the best method in theory. I have also found a software product that will calculate the optimal fixed fraction of capital to risk based upon your trading method and upon your past...

well, that still sounds like it might be a usefull screening tool. I do stock scans at home on daily data to try to get lists of interesting stocks. I could also scan to see how much pure randomness is in individual stocks. It might be an addition to looking just at volatility.

I have heard talk of some firms having a "trading model" and I'm not talking about hot babes in the office. Some firms seem to take a direct interest in how their traders trade. Anybody know about that? Specifically i'm curious about worldco since I just found out that they have an office about...

what about the success rate at firms that have a "trading model" and take a cut of the trading profits and losses ?

that is a very good question. If we get a slow prolonged "bottom" eventually with low volatilty that would really suck.

I say rent. But i am in florida and real estate varies a lot with location. Considering that you are in CA and the tech companies are so down, you might be in the same boat. The only exception to that might be waterfront property, since environmental protection eliminates the creation of...