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Steve I agree-- that is why in my opinion people should pay for their own products and services-- including education/health care.. not for other people's needs except through voluntary private charity. -Taric

I don't think it would double overnight. For one thing, if we cut government services to zero, that reduces some of the demand, as that is a part of the incentive equation for some (though granted around 10% or so). As far as jobs, there have many many cases in history where a government...

I would add a low savings rate is just one of several issues in the US. Another, as was mentioned, is education. Personally I think we should switch to a fully private, or voucher system. Either that, or pay France or another country with excellent schools to run our schools for us. Either...

I see trade with China as an enormous positive. If you study free trade, you will see that in nearly every situation it is a win-win for both countries. Free trade on the individual level is almost always a win-win situation, some exceptions being fraud. The reason for this is that trade is...

Thanks for your efforts in posting this. Ok let me take a stab at this, I've read some of ProfLogic's posts too, including looking at 2 or 3 charts he's posted a few months ago, but not in great detail due to time constraints though it appears interesting. I'm curious if I'm anywhere close or...

Just for humor's sake I will take a stab at identifying some of the potentially faulty assumptions: 1. Just because the system is intraday doesn't mean it can trade once an hour. There are many "intraday" systems that trade only once a day or even once a month, but they are still intraday...

Actually I think Lefty has been pretty helpful in the sense the metagame of interviewing is important. It isn't necessarily how much you know but rather in what manner you learn. This is so important (not just in trading) because in many situations at a new job, your previous knowledge isn't...

Good points, all. Some other pressing Chinese problems are their banking system which has structual issues and huge amounts of non-performing loans (marked on the books as profitable, of course), and the environment. One the first issue, at least the large savings rate gives a buffer to the...

My opinion on this: 1. China will move slowly; they probably will eventually float for a variety of reasons but this will be done of years/decades, not days. 2. The effect of this float on the US, it may increase exporting related jobs, and decrease real estate related jobs, overall it...

This has been the focus of some of my recent research. For now I am simply logging all intraday data available (including DOM) on the ER2 from my IB feed. I had to custom write a program to use their API to do this. I would like to feed some of this info into my charting as custom...

Um, system #57. :) But seriously, I can't list any here since the ones I know in full are proprietary systems from friends. Also, with the exception of 1, they all have discretionary elements so they don't qualify for your test anyway, I believe. Here's a bit of background on a few of...

I think what Cutten is saying is that there are a million different ways to "follow the trend". It isn't like to be a trend-following strategy, the only way to do it is to take every trend in some sort of turtle-trader method, which necessitates a low hit ratio. There are alternative trend...

I actually think NickelScalper asks a valid question. It may be a question that is formulated/executed incorrectly, but it does seem to be a valid question at least what he is trying to ask if I understand correctly. Basically he is just saying show me one trend-following system that works at...

Well, in practice I think they most often are just using fundamental analysis. I could be wrong, but I don't often hear of M&A arb players doing things like only buying as the spread contracts and shorting it if it begins to tighten. If anything, a pure arb player would to the reverse, eg see...

I actually think both sides are right on this question. I absolutely agree that on a high level arbitrage is NOT related to trend trading. And the way most people play arbs in practice, there is nothing to do with trends. For example, take simple M&A arbs. Oracle is buying company XYZ...

That makes sense. Thanks! -Taric

So is it advisable to use Eric's activate/deactivate decision model for optimal bet size as well? For example if x = 2.0 then use 2.0x leverage or something of that nature, or even risk 2% per trade? -Taric

True, but you can rent luxury houses as well as apartments. -Taric

In my opinion, this is Capitalism's greatest strength. Even when business owners are greedy and desire purely to make more money for themselves, they end up helping society, whether they realize it or not. -Taric

Yes, education is important for growth. However, I believe the private sector can deliver it much more effectively than the government sector. At the very least, transitioning to a voucher system would be an improvement over the current situation. Regarding roads + railroads, first of all...