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You still did not answer the question though, why is there age discrimination in favor of young 20-somethings? Thanks.

Never been and not interested in prop trading, but I am curious as to why they care about "hiring" younger traders. I hardly see a difference between a 22 and 28 year old, although I have heard that they are only interested in the priors. Thanks.

TransAct Futures is $3.42 per RT if you do 363 RT's/mo. There are lower, but likely not as good (barring leasing a seat, etc)

Lefty, I am no stranger to statistics and yes one can risk 1/3 and relatively safely, despite binomial/guassian distribution. Even a fair coin will rarely see 10 losses in a row ("random" environment). 80-90% hit-rate will increase your account size a hundred-fold by the time you experience such...

Your stab missed badly... 1) Even if it's once a day, such a system would have no reason not to double an account at least twice per week, assuming 90% accuracy and at least a 1:1 r/r. 2) His statement was 90% not 80% as edge is not the same thing as accuracy. If you study optimal...

Lefty, Perhaps you do not understand the definition of true edge, and it is you that should "think" prior to posting. The way you illustrated it, you are incinuating something mathematically impossible. An 80% true edge would indicate that you would quite literally be a billionaire in short...

1)Any discretionary trading can be made into a system, after all, any set of decisions can be coded... 2)80% edge? No such thing exists. Casinos make millions with edges of less than 5%, 80% true edge and you would be a billionaire in a year, you would rule the world in short order...

Very nice my friend...

I expected an attempt at a clever post, but was a little disappointed. You my friend are falling for the "These are experts, it must be true" BS. I sincerely hope your trading isn't similar to this example, else you might be the type take hot stock tips from talking heads on CNBC or even worse...

FireFox is more secure, no question about it. The reason? Would be hackers are not as interested in it, because it's market-share it still quite small ~ 9%. Enjoy it while you can, but the information above about how it's no safer than IE is a load of crap. I don't need any "expert" to tell me...

By this logic, starting/attempting any business is a gamble, if you concede to this than I will agree with you, otherwise it is not.

Hey, Electric, I am trying to send you a PM but says your box is full, can you empty it for me or PM me your e-mail? :) By the way, I am with you on the gambling thing, my view is this: Anything that can have an advantage is not a gamble, if said advantage is utilized.. Roulette can never...

A trade is a trade A trade is much more than a trade A trade is just a trade afterall :)

Essentially yes, paper trading current market conditions. This type of analysis can occur in real time with software recording results, or cheaper yet, with a trader who is very honest his (herself). Believe me when I say, I love all the toys and gadgets, and perhaps many live and die by...

Since I misunderstood you: I prefer walk-forward testing; no better way to find out if something will work NOW. Not to mention that back testing is far from perfect, albeit still helpful. Develop systems based on your thought processes and test them in the present, then my previous post comes...

I think I am going to agree with an earlier post in this thread or elsewhere: I feel that the best way is to ease in to trading today slowly with amounts that are simply too small to matter. Over time when one finds them self winning consistently enough, slightly increase exposure. Only when...

Hey Arb, Now that we've gotten into this conversation, which equities options brokers do you find best? Thanks, D

Thanks guys, I appreciate it.

I am looking for opinions on the best brokers for commodity options (agriculture, etc), any and all recommendations are welcome. I have been told about Refco, but I would like others to compare to also. Thanks! D

I'm not certain what you are selling premium on, but I can assure you that an experienced trader can generate substantially more than 10-25% annually with short option strategies... I would go as far as to say > 10% monthly is quite achievable for aggressive/informed traders consistently. I may...