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How do you know what he shows is not obsolete?

You didn't get my point at all. I DON'T use any stochastics bs etc. What I do use I came up with on my own, it's a mixture of TA, fundamental analysis and some neat stuff on the information flow, you won't find it in any TA book. What I WAS saying was that even if some technique is total...

From which side to which? :D

Dude, with all due respect, that is utter BS. A lot of things in the markets ARE logical and DO make sense. The problem is they make sense post factum, usually and are hard to see as such contemporaneously. The "simplest supply and demand" IS a function of the incoming information, whether...

What you said is contradictory, it seems that if you are a contrarian (e.g. I am), you'd want to use those indicators to see what the herding people (whose use of them is so widespread) are seeing to make their decisions. BTW, I don't use them, I use smth else that shows where the uninformed...

I agree. But you can't say that the ability to do things right is more important than the ability to analyze and come up with right inferences. Having the ability to execute and "stop analyzing" is certainly important. But if you compare two guys one of whom is better at learning/analyzing...

Perfectly agree. I was under the impression that the question was about the relevance of intelligence for someone who is trading on his own, and assumed that that someone would also have to identify the strategies... :) Of course when it comes to execution what's identified, intelligence may...

99% of people think they are :D

Exactly! :D So it does matter when it comes to finding such things, right? :) I know my opinion won't be a popular one here, but I personally believe that PhD has been the best investment for me. I understand things I never knew existed and I do believe a lot of what I have learned gives me...

Thnx, Metooxx.

Well, that's basically the choice I'm considering right now. I'm running a small hedge fund and am using TradeStation currently. I need to get into/out of positions within about 15 minutes so I like to break the orders into 5000 lots or so and scale in/out. Would it be better commission-wise...

Can you elaborate please? :)

I don't mind paying them for good executions. Just wanna make sure I'm not missing a good opportunity that I'm not aware of.

If all you want is good executions and low commissions (i.e. I don't need any fancy backtesting capabilities, sophisticated TA tools and stuff like that, just need a bare bones platform), who are the best brokers? TradeStation charges like 0.6 cents per share on anything on top of the first 500...

No it's not nonsense. You didn't get the point. Testing TA the way you suggest is not implementable. The data is not there. Secondly, there is a myriad of strategies that would have to be tested etc. Some of them mightt do better now, other would not, yet others would remain unchanged...

Just came across this article today. Check it out. http://go.okstate.edu/~brorsen/WP/Kidd.pdf

Hey guys. I have asked this question before in a different thread but never got a good answer. Seems like this thread is perfectly suited for it. Let's say there is a stock that plummets like a rock on some day, close-to-close, say El Paso, or one of those big cap losers. Many traders who...

You can think about it this way: I'm right x times out of y. I was wrong this time, hence I'm that much closer to being right next time. I know it may or may not be accurate depending on the system and how correlated the perfomances are on diff. days, but thinking about it this way generally...

Hey man, do you speak Russian? Your nickname has a very unpleasing meaning in Russian. I was just wondering if you were aware of it :D

Can't believe I'm the only "always bullish" one! :D I'm up handsomely, thank God, during the bear market and have only been playing the long side... Hope that means I'll be up even more when the environment turns for the better :)