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random walkers make money. if they buy a stock today and it loses 50%, then they'll just have to keep on increasing the holding period until it does. simple

you just contradicted the theory of random walk - it assumes that market agents are rational. since we know that is not the case, the argument for random walk falls apart.

Also, there is the "art" of creating a good mechanical system :D

maybe foliofn.com but don't know if they have check writing, etc. they have zero commish for their "window" stocks though. it is geared for investors, i think. i heard good things about them, tht is all

Damn, I miss the OC. its getting cold here in chicago... :mad:

All this discussion of selling systems gave me a thought - I might just sell some things I develop to fund better data, hardware, etc. I never thought of that. That would actually be good. Now let me go through my systems :D

I say slight positive.

well, yes for prop shops, but not sales and trading, hedge funds, etc.

I disgree. I was there and trading was not shunned.

agreed. since you are from columbia, avoid prop shops. they are a disaster on your resume.

Get a job with a work visa and study. Any job. The important thing is that you finance your way through college. You can interview for trading positions through your career services in your senior year. The most important thing is to get any job that pays your education. Also, since...

For fundamental based, there is www.portfolio123.com

wow, never happened to me. i'm trading 100k lots too. maybe they improved?

if you want to do either, get good grades while you have fun with the sorority girls =p that would be perfect

Yup, so it is much better to use the matlab API in VC++.Net or something like that. ... but then this defeats the purpose... because then matlab is not the platform anymore

If you think about it in a discounted cash flow terms, a trading system, to be fairly valued, is the sum of the future cash flows (ie. profit) discounted at a discount rate. This discount rate would be dependant on the riskiness of the system and the credibility of the developer, etc So in...

I have. I have been with them for about a year now. I opened a mini account because i just wanted to try forex as a side thing, and so far they have been great. no slippage and pretty fast.

I was fortunate to get the fixed price license

You need to be fluent in some .Net language for you to use it.... It interfaces with FIX or TT or IB and some others, so downloading data is not a problem

the best funds don't publicize their results and hence are not part of these "index" calculations