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For decades, the US dollar has been the cleanest dirty shirt laundry. Sadly, the recent bizarre foreign policy has forced a new laundry to open up and they get shirts much cleaner. Until the owners of the current laundry replace the current management, there is a risk of a buyer's strike. These...

Most "physical cash" is credit. However, most things I have read say that most M(123) money is debt due to fractional reserve banking. Therefore to make a long story short, destruction of debt is a deflationary event (2008 housing crash for example) which needs QE and trickery to combat. Am I...

I would be interested in more information on this for me to research further.

.... and most ordinary folks have assumed the other position! Bread and circuses. Keep them fed and keep them entertained and keep them fearful. I think that is how the Romans handled it as they were constantly fighting off the barbarians. One sad day the barbarians (germanic tribes I believe)...

For background, I believe I read an estimate of about 160 million a day being pulled out by HFT. (That seems too high to me) Using Vicirek's number of 15 trillion market capital we get 160 M by 52 weeks by 5 days = 41 billion a year and 41 B/15T is about .3% - hopefully someone will check my...

Absolutely correct and that is why I got out in 2008 with the explosion in FTD (overstays) that suddenly appeared. (https://www.sec.gov/foia/docs/failsdata.htm#.U2KZT_lklJg)

The explanation of the 1987 crash has always bothered me. I was new to markets then and didn't understand the world as deeply as I (think I LOL!) do now. Officially, the cause was portfolio insurance, but that never sat well with me since it made no sense to me. Perhaps it was a contributing...

Interesting. Do you have any more insights into what the cause of the 1987 crash was? Is it related to your opening comment? I pay for my stocks with my cash in Canada, so how does your 15 trillion unprinted money square with that? Where did my money go? Granted there is margin lending over...

Boy am I confused: http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370541706507#.U2Jy8flklJh One day markets are said to be rigged, but next they are said not to be. Hellooooooo ...... Is anyone out there? I guess I lost something in the translation...

+1 This comment show an excellent depth of market understanding. Day traders live and die by its implications. http://www.priceactionlab.com/Blog/2013/11/some-intraday-futures-trading-realities/

Before late 80s and early 90s. Back then, the concern was getting robbed by specialists and MMs and getting bad fills. However, back then I could fill larger amounts much more reliably than I can today. It cost a lot then though. Other concerns were a sneaking suspicion that stops were being...

Perhaps the HFT issue is about the size and amounts of shares traded. Since my positions sizes are larger than most retail traders accounts, it does impact me but for smaller accounts perhaps not. I do trading research every year and in 2006 I joined a day-trading methodology group. Through 5...

1) When I went for consistency, I ultimately dropped all backtesting and holy grail searches. In my early years, consistency was not what I sought, but I did change my thinking to consistency methodology about 15 years ago. I will let you decide if I am consistent. In three decades of...

+1 When I work out a trading methodology, I always take into account who is selling to me and why. When one thinks that way, there are fewer ideas, but also more sound ones. Backtesting is very problematic even if done properly. I guess I don't consider the effort worth it. Perhaps we are...

I didn't say any of this. You set up a strawman argument and knocked it down. I don't think you understood what I am saying. Why would it matter to you so much if I lose a bit of money in my trading or if I do a "bad" thing by not backtesting? It doesn't matter to me at all. I have no problem...

Your first paragraph IMO describes guilt pretty well. Beware of self-sabotage until it is resolved. The breakthrough will come from courage and conviction once you have mastered your own emotions and thinking and in doing so, have become a better person. Ironically, at the far reaches, money...

Yes, precisely.

My 2 cents: 1) of course it does by increasing slippage or the friction of taking or removing larger size positions. 2) backtesting for 100 years says nothing about the next week. It is nice to feel good about the past, un fortunately all my trades happen in the future. What's more every...

I wonder how many people will understand how superb this reply really is?

The rather odd comments on this website about HFT not affecting trading, have lead me to believe that MOST people who comment on ET are not experienced traders. It is not that they disagree - I don't mind that at all, it's that theircomments show an ignorance that is hard to explain. Maybe it is...