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    I used to think that the central puzzle was figuring out whether the market was

    I would say this. Having some deep intellectual understanding of volatility is not what trading is about. Trading is about finding ways to ring the cash register. The problem is it is impossible to know what comes next. Trading is messy and your method of managing trades needs to...
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    How to be a Guru in 5 SUPER HARD Steps

    "I just want people to be skeptical before spending money." I agree with the notion of being skeptical. However it is also a known fact that marketing almost always contains the "best light" perspective of a product. So, If I was evaluating a research or trading service I would tune out...
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    How to be a Guru in 5 SUPER HARD Steps

    i stand by what i said: If someone is selling information, judge them by the quality of the information they sell. If one can't get a good estimate of that before purchasing and their is not guarantee offered, then don't purchase. What is so difficult about this?
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    State run energy policy works in Norway: $500 bn surplus

    "how about exporting lawyers to Scandinavia?" I would hate to see the damage that would do to their smaller economies.
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    State run energy policy works in Norway: $500 bn surplus

    "All Eastern European countries are homogeneous and yet they're operated by the mafia. So your thesis is a failure." Some african nations are pretty homogeneous too. But, kind of like Eastern Europe they are not populated by scandinavians. My thesis stands.
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    How to be a Guru in 5 SUPER HARD Steps

    "1. Show audited results in every account ever managed." If they are not holding themselves out to the public as a CTA this seems pointless. "2. Disclose everything financially, from selling products, trading, overhead, etc.. Actually have an income statement and balance sheet. Yes, like...
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    New Exotic Investment Hatched by Wall Street Scumbags: Bundled Life Ins Settlements

    The only thing that will help is bringing this industry fully into the light of day. Once this occurs competition will ensure that the discount rate those sellling their policy get is not at scam/ripoff levels. So long as this industry hides in the shadows, it will be much easier for them...
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    what is islamic finance?

    judged by reason all religions are full of nonsense. That is why there is a concept called faith. What I don't get is this: It seems islamic finance is effectively the same as normal finance just with a different structure. I will have to read more on it.
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    State run energy policy works in Norway: $500 bn surplus

    I always get a laugh when all these people see how scandinavian countries are near or at the top of all these international metrics, then people go on the scavenger hunt for the secret sauce: "but if only we could copy how scandinavian countries educate their children, run their government...
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    1/4% Tax on all stock trades pushed in NY Times today

    Folks, we can not rest on our laurels just because it is unlikely to pass. If the advocates for destroying our freedoms do not face outcry and stiff resistance each time they poke their turtle heads out, they will only be emboldened next time. They never tire and they always come back...
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    1/4% Tax on all stock trades pushed in NY Times today

    I always get a laugh when they say traders are not productive. Ahhem.. Can someone explain to me how most "jobs" today are supposedly productive? I bet 80% of what union workers do with their day is non-productive. And if they were not getting overpaid to do it, some mexican would...
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    1/4% Tax on all stock trades pushed in NY Times today

    does anyone else find it odd that the Unions are supporting this? They are supposed to be representing their workers, right? How exactly is pushing legislation to destroy other industries in their members best interest? WHY would they be pushing for a specific tax policy like this? Just...
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    Steven Cohen: "This is not a perfect game [...] you’re going to be wrong a lot"

    "He is either bluffing or money mangement is really what makes the difference between the tiny percentage of sucesfull traders and the rest." I am going to dispute the premise here. His statement about the win rates and payoffs his traders achieve does not imply the secret is money...
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    Anyone do any backtesting on "time-based" exits (ie. stops)?

    Time based exits are one of the most logical approaches to testing entry signals. If you backtest a signal and find the results are not signifigantly different than your control group over defined holding periods or "time stops," this is a clear sign that the trading Signal is not valid...
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    Which real live future trading room I should choose?

    swtrader says: "It's my experience that traing room leaders are masters of shaving the realities of actual entries and exits into 'theoretical entries and exits, and it's the differnece between being profitable and unprofitable your taught to make trades based on the best way to mislead a...
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    Larry Williams Million Dollar Challenge

    Larry is highly respected by some of the most successful CTA's, Commodity hedge funds, and private speculators out there. This is a stone cold fact. I have seen very close cousins to some of the strategies he has taught retail traders automated and traded by 1B+ Short term CTA funds. As I...
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    IB Friends & Family: Legal agreement between Advisor & Clients

    Your comment seemed nothing more than a Cheesy effort to put someone else's efforts down. A cheap shot based not on factual information about this person's trading program or the risk appetite of his friends and family (which is none of our business), But rather on useless generalities...
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    Best health care reform article I've read to date.

    How about no "forced" anything. Completely dismantle the govt/corp cartel that has damaged our entire perception of healthcare and health in general. "No way! We can't have freedom! How would our rulers feel important?? How would those who parasite off others with their largely...
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    IB Friends & Family: Legal agreement between Advisor & Clients

    zones, The hypothetical scenario you mention seems to play to your own fears. We now understand why you would be afraid to manage money for friends and family. Great, as far as it goes.
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