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  1. L

    I secretly hate rich people, but also hate poor people.

    I guess I could avoid providing value and being fair by finding the 10 most successful traders on ET and shooting them in the head. Then I could take their money, elude capture from law enforcement, and get elected. Certainly a path I could take. My children would benefit too. The myth the...
  2. L

    INTC what a shitty stock.

    fabs + research, that's why they keep the cash. That industry is cut-throat and the profits are dwindling, outside othe mobile/laptop segment.
  3. L

    Suffering from burn out

    d00d no, the end result of that is sleepiness
  4. L

    Suffering from burn out

    I need to pep myself up quickly. Caffeine and sugar don't work, exercise won't give benefits quickly enough. Immense need to sleep all the time -- I just need a boost to get through just this week. Whole body feels numb and I think it's psychological. What works??
  5. L

    Cheap Realtime quotes with API

    You can only develop code with them during market hours. It's such a huge drawback and seriously lame.
  6. L

    Has anyone backtested an inverse stock_trad3r strategy?

    I find it absolutely uncanny that he called the market unstoppable, only to have the market turn two two days in a row with ferocious intensity. Then, there was that poor treasury auction, and Geithner says he'd entertain ideas about replacing the dollar? stock_trad3r is like an...
  7. L

    If you are employed full-time, when do you spend time working on your system?

    I would guess only 1% here have been successful for more than 5 years. I've been an on-again/off-again trader. I am fairly certain the next time I go all-out will be when I succeed. I know so much more than I did 5 years ago. The issue is getting the freedom to go all-out. I contemplate...
  8. L

    Journal to get some HELP

    Refer to my other post. Look at the time duration of your trade, and plot the return of your trade with regard to the distribution of returns for that particular holding time. At 1M, depending on your commissions, you could've capped much sooner. If sooner wasn't the profit you're looking...
  9. L

    Journal to get some HELP

    I usually don't comment in journals, but I want to point something out to you about something I learned that I didn't know about when I first started trading. You need to look at the distribution of returns for your asset class for the time period you are trading. You should become familiar...
  10. L

    If you are employed full-time, when do you spend time working on your system?

    My girlfriend does not give me such issues, but I do feel guilty if I don't give much attention. To her credit, if my girlfriend were any lower maintenance than she already is, she'd be dead.
  11. L

    Fired Doctor of Derivatives Waits to Cry as 282,000 Finance Jobs Vanish

    If he's Indian, he probably did. Indians are the cheapest people in the world -- in fact, they just manufactured the world's cheapest car. I don't know how Jews got the stereotype -- Indians are cheaper. He probably has 100k in the bank, but just hates seeing the numbers go down. I once...
  12. L

    Suppose you know you are an idiot, what profession should you choose?

    I'm not going to lie. I hate showing up to work on time. I make around $70/hr. I'm always like 15-20 min late. Don't know why, makes me angry just to get yelled at for being late, but I hate waking up. But I tell you what, if they made a $50 bonus to show up on time, I would. Even if...
  13. L

    Suppose you know you are an idiot, what profession should you choose?

    If you're white, maybe. It took Jindal a Rhodes scholarship, a hurricane that destroyed a city, and a change of religion to pull this off.
  14. L

    Fired Doctor of Derivatives Waits to Cry as 282,000 Finance Jobs Vanish

    Merrill didn't dump them on the streets - they shouldn't have signed the papers before getting terminated before negotiating some better terms. Always cover your ass and never sign the forms without a fight.
  15. L

    Meredith Whitney and AIG Bamboozled Press?

    Whitney is a PR stunt/decoy. Look at her info on wikipedia. Within 5 years she is making important analyst calls, and then mysteriously sticks her neck out. She also looks like someone who'd get noticed on CNBC. All her interviews make her out to be a "self-made" person, but it looks like...
  16. L

    Suppose you know you are an idiot, what profession should you choose?

    There should be. The reason society has problems is because not very many people are exposed to the idea that they may really be idiots and have to adjust their actions accordingly. This is the public education special snowflake effect.
  17. L

    IT engineer compensation in a hedge fund

    They gave me a base of 100 at the IB, +40k guaranteed on the first year. I ended up working 9 months, getting the full 40 on the first year. I'm not IT, though. I'm front-office business group, but work on software directly used by the traders. i.e., they yell at me directly. This...
  18. L

    Kass: Why the Bears Are Wrong

    China currency roughly pegged to dollar. If China thinks dollar is going to toilet, China unpegs currency from dollar and their currency rises in strength relative to the dollar. Consumer spending plummets, because Chinese imports become too expensive to consume. Short term, this is a shock...
  19. L

    Suppose you know you are an idiot, what profession should you choose?

    This has a political component, because I'm fairly certain a lot of the military operations done on behalf of the US are not for defense. Confessions of an Economic Hitman type of stuff.
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