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    Activate/Deactivate System?

    I think that sounds like an excellent method. Perhaps a bit too advanced for me (not sure how I would do a Monte Carlo), but I think it sounds as good or better than what I do. A couple of questions for you: How many real time data points (i.e. trades) do you require from your system...
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    Activate/Deactivate System?

    Sure. First, a disclaimer... I don't manage any client funds. I don't want to manage any client funds. I don't have or want clients of any kind, so I am not hyping anything. I am only answering this question because someone asked. In other words, there is no need to flame me for...
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    Activate/Deactivate System?

    I just received a PM regarding this post, and thought I would post the PM (minus name) and my response, to help others that might have the same questions. The PM was: "My question to you is related to confidence levels you showed in your post. My statistics foundation is very poor and I...
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    Dell Coupon

    Nice. I ended up calling the Dell Small Business representative a second time (first was last week). It seems like the more times you talk to them, but more likely they are to drop the price just to close the sale. He ended up offering me 15% off of the regular web price ($3822 minus 15% =...
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    Dell Coupon

    Thanks. It looks like that one won't help me, though. I get $250 off automatically by ordering through their Dell Small Business part of their website, when I try to apply that coupon, the price stays the same for me. Thanks for posting it, though. Hopefully, someone else will be able to...
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    Dell Coupon

    Has anyone run across any Dell coupons this week? Thanks, -Eric
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    Dell Coupon

    I use these workstations for automated trading, and I'm always running low on CPU. The Dell Precision Workstation 670 that I am looking at will have dual 3.2 GHz Xeon processors with 2 MB of L2 cache and 3 GB of RAM. Despite the power of a machine like this, I still find myself CPU limited...
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    Dell Coupon

    lilboy716, Very nice. I have four of the Dell 2001 flat panels, and they are very nice. I paid about $1300 apiece for them ~2 years ago, so seeing a price of ~$507 is pretty amazing for anyone needing a flat panel. I'm still hoping someone comes across some a Dell coupon this week that...
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    Dell Coupon

    For the chance at a nice discount, I can wait. :) Thanks. -Eric
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    Dell Coupon

    Ouch, just missed the expiration for that one. I am ready to buy a Dell Precision Workstation 670. Does anyone have a new coupon, that has not yet expired? 25% off would be fantastic, but even 15% off would be welcome. Thanks, -Eric P.S. Man! 25% off, and I missed it by 3 days...
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    Consistently Profitable Day Traders

    Seems like it might be possible, but I'm not familiar enough with forex to say. I, personally, don't know of any forex daytraders managing $1B+, although I'm not saying that there aren't any. I still suspect that anyone managing $1B+, in any markets, will almost certainly be longer term than...
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    Consistently Profitable Day Traders

    There is a very simple reason that the daytrading community does not have any "Buffets and Soros's." Daytrading, by definition, is very active trading. I'm not as active as many daytraders, yet I typically have 'portfolio turnover' over 500+% per day. Now, let's look at someone like Buffet or...
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    Consistently Profitable Day Traders

    Turok/Dustin/DHOHHI/others, I appreciate your support during my absense from ET while at the Expo in NYC. Just a few comments in reply, then I'll let others have the last word on this one: 1) Turok is correct. I really don't care what others think of my results. My interests on ET as...
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    Consistently Profitable Day Traders

    I think with returns that you suggest, you have no need to consider shorter term trading strategies. However, to answer the question more generically, "Where's the advantage?" => For me, I find that shorter term trading strategies typically offer several advantages versus longer term 'swing...
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    Consistently Profitable Day Traders

    I've been daytrading successfully since 1998. It is a difficult career to be successful in, but it can definitely be done and the rewards are great for the successful. As another poster pointed out, most people are NOT well suited to be daytraders, and it can become costly in terms of time and...
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    Activate/Deactivate System?

    I thought I'd add some additional thoughts to this thread, specifically with respect to paper trading. Paper trading has a bad reputation among many in the industry as being a worthless exercise, and having no value for the successful trader. I completely disagree with this view, and feel...
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    Poker and the Beginning Trader

    Just for completeness, let me do a quick calculation of what the odds would be to get four aces after the flop (i.e. after five cards). Note that getting this would involve getting one useless card, that wasn't an ace. This makes calculation of the odds a little more complex. For the sake...
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    Poker and the Beginning Trader

    => No. The combined odds would be (1 / 331.5)*(1/19,600) = 1/6,497,400 => One chance in ~6.5 million (roughly the odds of winning the lottery in Virginia). Maybe you should have bought a Lotto ticket that day! :-)
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    Poker and the Beginning Trader

    Much easier to calculate than you might think. Odd's of being dealt suited AK's => First card odds = 8 / 52 (you only need any A or K out of deck) Second card odds = 1 / 51 (you MUST get suited match for your A or K from first card, just one card of remaining 51 will work for you. So...
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    Giving up is hard to do......

    I would also add that you should try to minimize your costs every step of the way... Primarily, I am referring to commission costs, and the bid/ask spread. The best way to learn to make money is first to be able to consistently break even. Once you have done this, you can refine your...
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