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    Algorithmic Trading

    In response to the quote- "PHDs are the way forward, I am not one of them but i am a very good programmer and mathematician and i think it helps big time...if you're too traditional you might as well apply for a job at Burger King specially if you do your nails at the office instead of doing...
  2. G

    Dax today ....

    800 short at 4923 ... got some out, but will need to buy back more by the close of the day (going to run 100 over the weekend) - anyone got an idea where this could stop today, or will we close on the lows?
  3. G

    Dax today ....

    onside at the moment, come on sellers ... keep it going :cool:
  4. G

    Do not short this mkt

    Interesting ... everyone I know is long, and have been buying since they saw how easily the mkt brushed off the London bombings. I myself started buying heavily the day after the attacks, and have held long since. Today, I have started liquidising, and am building up a (small for now) short...
  5. G

    Do not short this mkt

    Started selling today, as noted in another room When everyone is bullish (as they are), when everyone tells you you're a fool for going short (which they are), when everyone is ALREADY long (which they are).... I know it's time to do the opposite
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    Dax today ....

    OK, I know what you're saying, but I'm not implying that this is the top, period, it'll never go higher than this. The trend is up, BUT the mkt has come a long way - I'm just saying, I'm cashing in my chips, and reversing for a bit ... I think as in every up move, it needs to come lower to get...
  7. G

    Dax today ....

    Yeah I agree, trend is up - don't worry, this isn't a LONG term trade, I'll have half out by today, already scalped some on some, this is just a short trade with the expectation that it will come off "a bit" to get fresh buyers A lot of the selling volume at 4923 has been me :D getting out of...
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    Dax today ....

    This might sound arrogant, but sometimes I just have the congruent, underlying feeling within me about how the mkt is feeling. It's gone up and up and up, and I've bought all the way since 7th July... Now I wanna cash in my chips, and go short. I can just sense that we need a retracement to get...
  9. G

    Dax today ....

    Down move now the stoxx has hit 3350? currently at 4924.5, I'm starting to build a short position - does anyone else have a view?
  10. G

    Top picks?

    I tipped them on the Bloomberg CHAT function in October 2002 when they were $4.25, now theyre $100 TRUE STORY .............. I started working then, after graduating, and I was drinking a lot of fruit smoothies. I thought to myself, in todays increasingly health conscious world, I think...
  11. G

    Algorithmic Trading

    I think traditional traders, even a barrow boy from Essex with no GCSEs can make more money than a PHD grad from Cambridge. The thing is, if you want to be a succesful doctor, or lawyer or rocket scientist, you need to be smart. But I could flip a coin right now and go long or short something...
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    Profitable trading .... a myth?

    Yeah, I don't think the cash markets are that hard to make money from. I mean, the big pension funds dump and dump on a asset that's out of favour, you can sit there and think, hang on the fundamentals are good. Like in '98 and oil. Oil was just shy of $10. a barrel. The world needs oil right...
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    Profitable trading .... a myth?

    I am too *touch wood*, should I say have been - I'm a 15yr veteran of the mkts though, had my best spell going long in the bear mkts of 2000-02 ... what do you trade?
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    Profitable trading .... a myth?

    On the whole, would you say then that most people who trade, lose? It seems to be the recurring theme in this room? Also. Do most traders in prop firms make money do you think? hearing the Refco boys seems like they make good dough, does anyone actually have any horror stories about big...
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    German Dax.. I dont get it...

    Why were internet stocks going up and up and up??? How could a company planning to sell used condoms be formed one year, float the next without ever selling anything and have a market cap of £20bn as was happening in the late 90s? Not every up move has a fundamental reason, sometimes it's...
  16. G

    Top picks?

    What is this "HANS" you speak of?
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