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Speaking in general... Let's says a "genius" is the Mensa standard of IQ in the top 2% of the population. People who are "geniuses"... Know it from about kindergarden/Grade 1 onwards. If you are not sure... then you are not. Many professions, such a doctor, lawyer, or hedge fund...

The idea of "scientists" building trading systems is misguided... That's like geting "scientists" to coach an NBA basketball team. There are plenty of experienced traders out there... With post-graduate Computer Science and Math/Stats degrees. I read the book "Emergence"... And it is...

Extensive programming knowledge... Hopefully with some advanced university level math and stats... (Not to code complex strategies... But to quickly discard strategies that are a dead end... Almost always due to insurmountable levels of randomness). You should gravitate towards...

Actually... the correct ** real life answer ** is YES. Assuming you are profitable at an acceptable level... then your only risk is the risk of ruin. volatility = annualized standard deviation ** Note: this analysis is APPROXIMATE **... Typical volatility of Dow Jones Industrials...

Have you ever known any street drug addicts? Friends that died? A person in need of intervention... Likely has worked in years and has not taken a bath in weeks. On the other hand... Professionals such are US pilots perform at the highest level... Often with the help of the...

Nonsense. Performance enhancing drugs are perfectly legal for trading. You can increase your long term productivity at least 10-20%... By developing a drug regimen that's right for you. Remember... Success in business means working VERY long hours... Often on mind-numbingly boring...

Like brain surgery or corporate litigation... It takes a certain level of expertise to understand randomness and other statistical concepts. I would roughly put that level... At post-graduate Masters math/stats... A very rarified space occupied solely by genius level math intellects...

I'm building 2 quad monitor systems right now... And I went the opposite route... Monitors with no speakers, thin black borders, and controls on the thin border. The monitors I went with are the Viewsonic VP920B and VP2030B. They are OK... the brightest monitors I have ever seen. I'm...

IMO, repeat IMO, the IB Stock Loan people are a bunch of amateurs... Programmers masquarading as Stock Loan pros. You cannot compare them to a professional Wall Street Stock Loan Department. The main good thing about the IB stock list... Is that I have coded a Web Spider that reads the...

You should not pay more than $0.005/share... Do not even consider paying flat rate $10 or more. At 2,000,000 shares/month IB gets down close to $0.003/share.

Any good clearing firm will call around the street... And locate a stock for you... Even if it's thinly traded and hard to find. They will locate the stock for you at any time... From the time they open to late afternoon. Some firms will serve you... Others don't care if you live or...

This is beyond nonsense. One becomes a successful trader over time... ONLY by constantly being super self-critical and self-analytical. And as a result... One learns from one's mistakes... and eventually stops repeating them. The main difference between a highly profitable trader...

Yeah... believe it or not... Dick Grasso not only had hair in the 60s... But actually got laid exactly one time "through the power of love and music"... Before moving on to something better than the real thing... money.

Because there is big money in exotic, lower volume (< 100K shares/day) securities. I track about 400 of these... and > 90% of volume in these is NYSE. When I route IB SMART... > 95% executions are NYSE. Today 97.5% of my shares traded were NYSE... 1% ISLAND, 1% ARCA, 0.5% CAES. Though...

The most important part. It took NASDAQ 5 years to get exchange approval... So this will all be at the leisure of the SEC. Also... Another "hybrid" market will not threaten the NYSE. It's THE liquidity center for listed mid to small caps... (As much as 80-90% of trading, about 95%...

This is all your Daddy's internet. YouTube, #17 and still rising, has changed the playing field. Giving away content... With the main limitation being lower quality... And allowing mashup homages, etc... Is rapidly becoming the mother of free, laser precise targeting and advertising...

This is sort of like prosecuting 15 Enron mid-level managers... And then Enron goes back to business as usual. The people at the top... The CEOs of Bear Stearns, etc and the NYSE Brass... All allow this to happen in a ** premeditated way **... In fact, carefully construct systems to...

Seven NYSE Specialist Firms Forced To Disgorge Stolen Funds Today... I got 4 separate cheques in the mail totaling about $500... As part of the SEC mandated Distribution Plan to Injured Customers. Here is the volumnous SEC litigaton page: http://www.sec.gov/litigation/admin.shtml...

Oversimplified Example - Universe With 10 Stocks (1) Go back 6-12 months... whatever you choose. (2) Preliminary Universe Index = Unweighted Average of all 10 stocks (If they are not all close in price... normalize them so each has same weight). (3) Calculate corelation to Preliminary...

For trading purposes... Unweighted sector indexes of minimun 10 stocks are superior... Because you want don't want the index skewed by a large cap stock XYZ. Also... For the sector index you should screen and use... ONLY the stocks with the highest corelation to their universe/sector...