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-$7b in a week has got to be some kind of record, no? http://www.traderdaily.com/news/item/3328.html "The trend is your friend until the end when it bends." -Seykota

Nice Don. I'm coming out to see you in early Oct. Maybe you'll teach me how to trade like that. ;)

Not me. This one's going to be all about the reaction to the language. Strangles anyone?

I like the simplicity of this idea. Kudos

I wonder if this will cause Victor Niederhoffer to blow out again? If he's writing options against the baht he's likely to eat a big loss. BTW, I'm blaming Bush for the whole thing. But not George Bush. I'm blaming Reggie Bush for not helping out my fantasy football league enough, which...

the spread wont stay wide for long if these things get any volume b/c market makers wills start to arb them against futs, opts, other etfs, and baskets. Then they might be interesting to trade. Right now there's a little too much spread and slip for my tastes.

Anyone have annual performance figs for SAC (including max DD, Sharpe, and Sortino)? Thanks,

My cat's breath smells like catfood.

My cat's name is Mittens

Don't forget to invite me ;)

From what I understand Bright's guys use market-making type strategies. Hence the huge volume and small average profits/share. FWIW, I think the specialists, the broker dealers, and the ECNs know their business pretty well. They're chasing the same crumbs from the pie and you can be damn...

Ok, I thought we were going to talk about trading, money management, profit factor, drawdowns, etc. If this is just going to be a flame war where people call each other names then you can count me out.

Your winning % can't be much higher than 10% if you're using such tight stops. No matter how selective you are about taking signals, you must get shaken out of good trades all the time just do to market volatility. You must put on dozens of trades/day. I've been trading the YM since its...

Amen Brother!

This is exactly correct. For better or for worse (you decide) Mckinsey is probably the most sought after job for top tier grads. The only comparisons are: Goldman Sachs for finance Cravath/Wachtell for law Microsoft/Google for techies Don't plan on working less than 60 hrs/week at...

It took me 2 years of full-time trading to become consistently profitable, which is far better than average. Average is that you trade for 6 months and lose all your money and then go do something else for a living. I blew out my little daytrading account too many times to count. If I...

The NY Times is about the last source I would trust to get this story right. However, even a stopped clock is right twice a day :cool: There are way too many brand new funds out there all fighting in the same zero sum game. Some will do terrific, some will blow out, and most will probably...

I agree but think you've somewhat understated the case. The majority of guys on ET will lose money over the course of their trading "careers" and will end up doing something else to put bread on the table. The overwhelming majority of guys on ET will never manage more than $10m. As...

whoa, whao doggie! That's way to much to ask for. JWH will still be running $$ successfuly when most of his detractors are flipping burgers for a living . . . and they'll still have 101 reasons why their method is better rofl why bother? if you set out to bust every trading charlatan...

Maybe they should change the name to Marketing Wizards for the next printing, lol.