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I've played around with the tick and ES a little bit. I've backtested the following with decent results: a. on the TICK 5 minute chart. Low of -600 or lower 3 bars in a row. b. Buy 1 tick below a 10 bar low c. close out the position if tick > 300 or market hits a 10 bar high I...

Victor and Laurel on the cover of Active Trader magazine with a great interview and review of the book inside. The main thing I get out of the book and magazine story is the idea that in order to have an edge in these markets one needs to test any assumption, and then test again. There is...

It doesn't look like you expected value per trade is going to be enough to beat out commissions and slippage, best to have an EV of approximately 0.40% or greater to give a degree of confidence that in the long haul you can beat the vig.

Of course you can. Unless the market is going on a straight line to zero. Look at the volatility that occurred in the past two weeks on the long side. Any countertrend trader was probably long on either the 12th or 13th and captured part of the ride. Also dip buyers throughout last week captured...

Hi Seth, I day and swing trade and use primarily countertrend systems. When the shit was hitting the fan Tue and Wed last week I was going against the trend. The combo of Vix hitting 40, the strong Wednesday reversal off of the lows, and the idea of a war rally, kept me in my position...

I have to say, the action is interesting. 2:22 am, I'm long NQ futures since early last week and they just turned negative on the night. One can make an argument for covering shorts or selling longs: a. covering shorts - we might've hit Saddam or other critical targets - we can do a...

Just to mention: on Wednesday at noon on Street Insight I was calling for at least a two day rally.

My advice is: don't trade. Use the $2000 to get data feeds and a program for backtesting, such as wealth lab, Amibroker, or tradestation (i use wealth-lab). Daily data is better than no data. Hourly data, better than daily, minute better than hour. With whatever money is left - start therapy...

a. Cramer must be worth at least 100M. This seems surprising to some people. Don't forget he was one of the top performing hedge fund managers ever. Try returning 30%/ year on average on a 100-400M hedge fund for over 10 years. Yeah, it was a bull market but so what? 99.9% of funds couldn't do...

I'm there. James Altucher. Also, thats not the list for Street Insight, but Street View. I also write for them.

I write for Street Insight so I'm a bit biased although I think to get something out of the site you have to really know what you are looking for. The site has a great currencies column written by Tom Arnold. Also the earnings conference calls get excellent coverage from Brian Gilmartin and...

finally found it on the bookshelves yesterday. been reading all night. I'll have a more thorough review later but i have to say, so far its brilliant.

While this discussion might've been started in jest I do think its interesting given today's WSJ article about milk drinking going through the roof in China. Up to a few years ago, nobody drank milk. Now its suddenly become hugely popular, even replacing alchohol at cocktail parties and as the...

Honestly, nobody should take a trading idea from any of these sites and then execute it. That's real money at stake and every writer on these sites has an agenda (i.e. there own money at work, which they freely admit). However, the value I get out of these sites is learning the methodologies and...

In 2001 and 2002 only in retrospect should one hold onto the short positions. It certainly wasn't so clear during any of the 20-30% rallies from the bottom (and with some tech stocks going up over 100%) that holding onto a short was such a good idea. Its interesting to note that for all of the...

Well, thats his point exactly. Conceivably, we have all the data right in front of us. How come people refuse to backtest this? He's not going to be right on every call, but his insights are worth looking into. For instance, today's MSN column on how IPOs manage their earnings prior to IPO...

I guess most people here only do successful trades and don't need to read a book by a guy who has seen the abyss and climbed back. My two cents is that this guy has traded with the best, traded in every market, tested every pattern, won and lost with every form of risk management out there - and...

Why someone should read Victor's book: a. he TESTS everything, every statement out there about the markets, including a lot of the theories and gurus talked about in these message boards. As a trader its worthwhile getting his take on the testing of market theories, particularly since he's...

Just sold a 4400 sq ft apartment in Tribeca. Roof, deck, boxing gym in the apartment, 20 ft ceilings. 18 windows wrap around. Deal was done in mid-October, closed early December. Anecdotally, in early January I heard about a very similar place in the same area that sold for 40% less! I asked...

I 100% agree with that line. I write for Real Money Pro and attempt to detail entries and exits in each trade I post about. That said, I would NEVER trade off of a recommendation on a site. Develop your own edges through research and backtesting. If anything, try to learn some of the ideas and...