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I agree with the IB recommendation. I'd do that in combo with a one-time up-front fee chart program that used IB's feed like Amibroker (I have never used it btw). That way you avoid monthly sub fees.

People don't expect IKEA to assemble their furniture for them. Cheap has its price.

Why are you switching?...perhaps that will inform any advice.

I'm sure you guys have read on their website that they are in the process of registering with the CFTC so that US users can trade their "futures" legally... http://www.tradesports.com/jsp/intrade/content/exchangeNewsFlash.html

The only gripe I have with Tradesports (which I don't have an account with yet) are the small contract size, the lack of liquidity (I know, I know -- I'm asking too much) and the transaction costs for letting contracts expire. The only thing I'd use it for is fun...I think it would be hard to...

Seriously, most of the IBs have pretty tight restrictions on what people can post outside the company. If you want a sales and trading position you're better off networking in person.

Thanks for the heads up def. Very glad you guys integrated the VaR portion. Can't wait to see it in action.

From what I understand yes, if you want data, you will pay professional fees. There are two exceptions: 1. You can always choose not to have market data with IB and get it elsewhere. 2. If you pay professional fees elsewhere you can supply a letter to IB and get the pro fees waived...

Dave, I've learned a lot from your stuff in particular. My background is in fundamental analysis and I didn't have much experience looking at a chart -- so learning about day to day price action was pretty important. For me, blending the two has been great. Thanks. I think lots of people...

It's the difference between continuously compounding and not. Annual Return = 180/100 -1 (you got this 80%) Now ((1+80%)^(1/365))-1 will give you a return of 0.16% daily. If you compound that daily you will arrive back at the 180 or 80% return.

Huh? Be careful that you're not getting stuck with the crap IPOs. Like Vhehn said, the roadshow is going allocate shares to reputable money managers who will in turn get the allocations. Unless this is is some strange division of a large reputable shop you're going to get stuck with crap...

Risk control is 80% common sense, 20% math, in my opinion. If you're trying to construct a Fund of Funds I would focus my attention more on understanding how each underlying fund makes their money -- make sure that your style bets are diversified.

Correlation = (Covariance AB)/(StdDevA * StdDevB) Variance of PortfolioAB = weightA^2 * StdDevA^2 + weightB^2 * StdDevB^2 + Correlation of AB * weightA * weightB *StdDevA*StdDevB StdDeviation of Portfolio = SQRT(Portfolio Variance) That's off the top of my head, but I think that's...

Please take what I'm saying as constructive. Unless you're offering a fund that is registered, you should consider taking these posts down.. they could be construed by the SEC as "marketing" securities to individuals who are neither accredited nor qualified and with whom you do not have a...

Yeah. Shut your TV off.

Did you use to work there? -- I'm curious because I think I remember someone with a name similar to yours at TM. BTW, I don't disagree with you, but I will say that some of the material I did find helpful as a newbie.

I actually never got around to using the Van Tharp stuff. I've read his book which I found useful at the time, but the tapes sat on my shelf for a few years and I never listened to them. I guess I'm at the point where I feel like I've found my stride and edge and I'm liquidating a lot of my...

Lots of things in life are "worthless" -- the only thing I care about is what someone else is willing to pay for them.

*bump*

I am selling a Series 3 workbook from Securities Training Corporation. The book is marked up in certain places like some of the exam questions, but is in good condition otherwise. I'll sell it for $40 shipping/handling included. Their course costs $125 typically (but also includes online exam...