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Your post was a well written description of trading preparation. The only thing I would add is these steps should be written into the traders plan and that plan should be looked at each day. It is too easy to deviate if we do not go back to our written script.

I am still dumbfounded how many people have not yet figured out that this “great recession” is not your typical run of the mill recession. In the run of the mill recessions we experienced in the last 7 decades since the great depression we have not had the central banking system come this...

You are making the assumption that basic database maintenance functions are more complicated to do than functions that a basic professional programmer can perform. And that by doing basic database maintenance functions an H-1B can move directly to a high level IT job as a professional DBA. This...

Your reflection on this matter provides new insights. Keep writing. :)

Jerry, You asked some questions that are at the heart of any security meeting. I sat through meetings where many of these same questions were asked. In these meetings we had to use existing bank security plus some we invented. One of the basic security needs was filled by the banks two...

Just wait until BOs Trading Tax hits.

Another aspect came back to me that I think will clear up some questions you have. When we split the CICS/IBM DB2 mainframe transaction servers off to UNIX they had their own DB2 database at that point. The transaction servers used these distributed DB2 databases to hold the instructions from...

You asked a good question. Your analogy was correct of the main program server is in the basement, the data in the attic and the transaction server is on the doorstep. It does not seem plausible to us today. However, this method will tomorrow run 95% of the worlds processing under the...

They are pronounced “reels” not “reals”. Reels went out of use for most financial processing 20 years ago. Try processing 100 million transactions a night using “reels” in today’s environment. Losing Cray computer? Leather Chairs and Paper Weights??

Your discussion is quite interesting. I was an IT Data Base manager for a large bank (retired to trade full time) that did trading applications. I was on the security team for trading applications. Encrypted code for execution? Well maybe if your security is crap. Encryption had another role...

The “jobless recovery” comes from the fact that today’s banks are hosed up with housing and commercial property foreclosures and are not able to lend to businesses because they must build higher reserve levels (from foreclosures that are still occurring). Only those businesses with stellar...

No one is going to give up anything for BO. Increased taxes will be passed on to consumers or result in more job cuts. This is the perfect recipe for the double dip recession. The markets will react to that.

I have traded Apple (AAPL) forever. This isn’t the time to be short. APPL is currently completing a triangle pattern on the daily chart (since October) and broken above the top triangle line. Follow through in the next few days could lead to some nice gains. This is probably tablet rumor...

Thank you for the information. I read some where that 40% of the loans that where rebuilt by them are now more than 2 months behind in payments.

You use your methods I will use mine. I used IMHO because I did not back up my opinion with factual information as 90% of the responders on this forum demand. Like this article that states that sovereign debt concerns in the European Monetary Union is only a partial concern of the market...

Banks are still loaded to the gills with property that is marked to market much higher than it is actually worth. In addition, new properties are coming online that are behind in payments but are not being foreclosed because the banks can’t afford the tax bills. IMHO we will see the next leg...

IMHO this is a big part of why the dollar is up. If it becomes a rush to the dollar we may see stock market jitters.

I think for the rest of the year it has a good shot at going up on low volume. Next year will tell the tale when every one is back at it.:D

Nope. IT is not dead. It has just shifted business practices. Many standard IT U.S. professionals cannot find work because it is being done in or by the BRIC’s or by an H1-B’s. It is only the highly skilled that have any mobility in IT today. I talked with a few IT managers I know...

You have discovered what most of us who trade automation uncovered. Statistics do not give you the ability to trade better they only act as a model. It is in your trading plan that contains your “pain index” where the real work is done. For example an automated strategy that produces a max...