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I doubt that there is much room for the "little guy" to lose... In a one or two penny spread world. And the "little guy" is just gonna get cheated the old fashioned way by his broker... And there are 1,000,000 standard, traditional ways to skin a Customer. One way to view Algo Trading...

I depends on your personality. An MBA/CFA will teach you nothing about trading... Or how to make money in the financial markets. My brother is a smart, successful MBA... But is laughably clueless about the ** mathematics of trading ** despite trying really, really hard. If you want a...

The Questrade principals are not traders... Their business plan is to run a classic brokerage "skimming operation"... Let traders and hedge funds take 100% of the risk... And they just collect fees off the top. They also discussed ** in front of me ** how they were gonna rip off my...

East European history is subject to great debate... Primarily because the Soviet Union spent 3 generations methodically rewriting East European history. Here's an article called "Period of Mongol Invasion and Rule, 1237-1480"... So that is 243 years...

You are contrasting 2 fundamental and irreconcilable world views: (1) The Euro-Baker View. Only money and power matter... so let's do "business" with with every despot... Because there is no Good or Evil... Only self-interest and money and power... And any crumb of Morality that dilutes...

Below is a good list of "Fallacious Arguements". Using any of these methods is a trick... And almost always someone is either deliberately or unwittingly making a FALSE arguement. Logical fallacies are at the core of all Propaganda. If you cannot easily spot a Logical Fallacy... And...

Here's what I mean: The whole point of a Univerity Education... Is to TRAIN you to THINK DIFFERENTLY... By overloading you with work you would otherwise NEVER do for 4-8 years. Most hardcore professions like Medicine or Law or Engineering or Computer Science... Share a common thread...

I did not make a judgement about Questrade... good or bad. I just pointed out... That since I met with the 2 principals 18 months ago... IB has 55 new reviews... and Questrade has 1 (one). This is in spite of heavy advertising by Questrade on ET. It's just one of those "what's wrong...

This is great news for Swiss bankers. Unfortunately... It is cold comfort for the millions of Russian women... That are prostituting themselves in the brothels of relatively advanced counties like Turkey. Or the sad fact that Russia has the world's biggest drug and alcohol problem...

(1) This Forum is about trading... not long-term "investing"... Two completely different disciplines... So Buffet's methodology is of no relevance. (2) Agree that Soros' books are near worthless for traders. (3) Agree one is better off FORMALLY STUDYING the classics... Because the...

Good answer. I spent 6 years clearing through a firm on Broadway... And in 2005... it was still 1995 at this firm. Out-dated firms can NEVER catch up... Because you they have too many Legacy Systems = Millstones... And Legacy People = Bigger Millstones. You can only build a...

Since you agree with such a magnificently contradictory statement... You may know the answer... Repeat: In a one or two penny spread world... Exactly who are the "algos" taking money AWAY FROM?

The most interesting part of this story: Is Mr.Cummings related to Johnny Ramone?

If Mr. Cummings is really taking out $20,000,000/year... And "algorithmic trading" is a classic Zero Sum Game... Who exactly is this "small player" taking the money AWAY from... after expenses? Goldman? Merrill? NYSE Group? Certainly not from me. IMO, these mainstream "algo" stories...

This guy was out of his depth as a Software Engineer... And couldn't keep his mouth shut. The fact that a 64 year old man has only $20,000... Tells you all you need to know about this loser. But in the real world... in cyberspace... Denial of service attacks by armies of bots... Hired...

Steve Jobs is a genius... And Cuban is always selling you something... And promotes more bad ideas than anyone I have ever encountered. Jobs is every bit the Monopolist that Gates is... But has somehow brainwashed the world... Into believing that White Knight Steve is altruistic...

$0.99 is a tiny amount of money to spend for a Work of Art... That you can play and enjoy 100s of times. Most working people can well afford this small sum... And will not part with the ** convenience package ** Apple has put together... Over a few lousy dollars. It's called "critical...

I don't see how anyone can run a trading business post-decimalization... With a $10 flat ticket charge. It's also hard to understand how $10 brokers can compete with IB. But they do it, yes, they do it... Because they provide little services that Human Beings care about. IB could...

When you are an Iconoclast who cant help but think outside the box... And have a "play the long-term, longshot" mentality... You will be very right... and very wrong a lot. I have the short-term, high percentage mentality of a scalper... So the actual information Rogers pushes is useless...

As an East European... who has spent a lot of time over there... It greatly amuses me how Foreigners move into the exciting Wild East... And actually think that they are going to make money... And take wealth OUT of Eastern Europe. How naive. It has never happened even once. The East...