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No. Average people should be protected from excessive risk and fraudulent operators... but Rich, sophisticated businessmen and market professionals should have the right to invest in an unregulated space.

Cuban is smart... he just lies all the f*cking time to make more money. MySpace is losing a ton of money... They have 100,000,000 users and paid $6/user. So far they are only bringing in $2/user in revenue. No one knows if the MySpace model can actually be profitable... It's a BIG...

There is another reason YouTube is CRUSHING their competitors... YouTube never tells people what to do... No special software... no picky rules... The ONLY thing strictly off limits is nudity and explicit sex... Any amount of swearing and violence is OK. You cannot compete with total...

This is debatable. Blackjack is 100% mechanical with NO external factors. Poker and trading... Are mechanical for the 80-90% no brainer moves... But the tricky 10% that separates the winners from the losers... Requires what I call "lateral thinking"... The talent to put together...

Youtube has a 10 minute limit... And it is not about watching Premium Content. Demand for luxury goods like very current DVDs is relatively inelastic... Well off people will buy them for the quality... Like I dont think twice about $20 for a DVD... While people licking the sidewalk will...

Cuban either does not understand YouTube... Or he is LYING in order to promote a competitive site like his own. All his arguements are like 6 months old and no longer apply... THERE HAS BEEN A PARADIGM SHIFT... And Cuban will not reverse it by LYING to people. Roughly 90% of the...

Using stop loss orders dramatically icreases your transaction costs in terms of slippage. Getting out of a losing position... Is precisely the kind of thing... That cannot be automated to even approximate what a good trader can do. This would be the primary reason why 100% mechanical...

If you have millions to defend yourself in court... And can get the "finest lawyers" in the country to PROSTITUTE themselves on your behalf... You can get away with anything short of very serious criminal activity.

You're entertaining... Is there a 24 hour Hydroblunt satellite channel I can subscibe to? You're probably right about the prop shop sleazoid factor... But being a ** successful ** trader is actually very socially acceptable... People always find what I do interesting... And most seem to...

I do > 200 trades/day... and have made about 350,000 trades over 12-13 years... So I am very experienced... and I have a Computer Science degree. I have been building real-time trading systems for > 10 years... And my total code is about 100,000 lines... About 40,000 lines of legacy Pascal...

I find your results highly suspect... In the context of very efficient markets for liquid stocks. You may be a great programmer... But you seem totally out of your depth... In terms of designing trading systems that will work in the Real World. You should partner will an experienced pro...

This applies to NYSE/AMEX stocks... With average daily volume between 5,000/day and 100,000/day. Holding period minutes to hours to 1-2 days... To absolute max 1-2 weeks for trading out of problem positions at a loss. If you are scalping for small profits... You have to be absolutely...

Tiger greatest strength is that he has mastered being "in the moment"... A very common thread through most spiritual discipline. He may blow a shot... Be angry and act out for a few seconds... But by the time he approaches the next shot minutes later... The past and the future do not...

How does "survivor bias" apply to a universe of stocks being studied?

In response to your points: (1) One does not trade illiquid securities "in size". Rather... one tracks 100s of illiquid securities and the overall volume adds up. So the absolute profit "cap" might be somewhere in the low 8 figures for NYSE listed... Which means the Big Players and black...

I doubt that you could do this... Without some kind of securities registration... In which case the regulatory overhead would kill the business one way or another. This is hardly an original idea. Find me an existing, successful business like your model on the net... Otherwise you can...

Actually... totally agree with the family money advice. Your parents will always treat you like a 5 year old... And your siblings will always be jealous of any success you have. Family do not make good business partners. Try it... you'll find out the hard way. I run an LP for over 10...

As a professional software engineer who became a trader at age 34... And has spent most of his life obsessed with developing quantitative trading software... It's hard for me to imagine how a "hobbyist programmer"... Could have the "intellectual training" in structure and logic and software...

Just to add some critical analysis the Louis financial product... When I was slaving away on my Computer Science degree in the early 80s... "Data mining" was a ** pejorative term ** describing a misuse of statistics... To dredge up meaningless patterns from mountains of data. Today...

I read the Louis Capital article 3 months ago... They are in the business of selling financial products based on pairs/basket trading... Very expensive financial products... Where 100 hedge funds may be getting the same information... Unless you pay them extra to get special treatment or...