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but how do you determine what the probability of win/loss is? a success ratio of a set up determined via a backtest? a personal 'feel'? how do you distill it?

what do you mean by ‘probability of win/loss’? empirically ascertained ratio? as in: if a,b and c are present then XYZ advanced 7 out of 10 times in the past? so you P(win) = .70 if you go long? or something along those lines?

i like joe namath’s simple test it’s gambling if: a. you have to pay to play or risk losing money to play b. you win money if favorable outcome occurs but not all gambling is created equal. there’s advantage play and there’s uncontrolled gambling against very bad odds where do you fit in...

i’m not an expert but once you’ve shared your idea with your mate without and nda or patent or some other legal protection he can do with it as he pleases

if you’re automated and need speed, api functionality etc etc rithmic is probably what you would go with if you are a point and click trader cqg is more than sufficient and cheaper afaik, multicharts works with cqg (order routing & data) so you may not need IQFeed depending on your needs

are you not using sierra / amp anymore? have you found something better or moved on from futures to greener pastures? cheers

so jim simons’ secret was the 5 min chart? i knew it!!! :D

agree even during the wild 90s equity arcades had to be members of regional exchanges

different regulatory regimes equity arcades like Bright used to be much less regulated also but you are right very similar structure

the ‘prop firm’ most likely exists in a partnership form and each ‘funded trader’ is a member of this partnership. all trades go through the partnership account. but from the E2T business perspective this ‘prop firm’ entity is a cost center, not a revenue center. they have to run it - it’s the...

ugh sucks for him. he had a good thing going with E2T. ‘The binary options industry flourished in Israel for a decade before it was outlawed. At its height, hundreds of companies in Israel employed thousands of Israelis who allegedly fleeced billions out of victims worldwide. Israeli...

as far as i know there is no law against having an undisclosed PA it’s a violation of the code of ethics and so the punishment is totally at the discretion of the employer i’ve seen ppl skate with a warning, others get the boot depending on how valuable you are at the moment

you two lovebirds should get a room already there’s nothing more annoying than seeing two people happily in love :D

king! king! do you read me? we lost contact with king!

say it aint so if al brooks couldn't see this bull market 'price development' happening before his eyes, what hope is there for all of the poor souls who paid for his tutoring? that's the most disappointing thing i've heard all week

i mean i don’t know al brooks from mel brooks but chances that any of these individuals will lead you to promise land are very small there’s also a possibility that whatever they are putting out there may be detrimental to your progress so be selective who you listen to

forget Al Brooks and go with ‘Trade Like Chuck’

every friday mr Carter takes subscription fees and throws them up in the air. whatever sticks to the ceiling belongs to the customers.

'I started this account with $1,350,000 at the beginning of the year. Total P&L for the year now stands at $9,464,172.98. I wired out $2,802,865 to pay for taxes, a new home in Austin, and some land in Wimberley.' and for four easy payments of $29.99 you can do that too... but hurry, this...