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You make a lot of good points so I will only address a few. > You say its not a challenge, but then... Finding homogenous universes to hedge is easy... Building the quant systems to automate the hedging requires talented traders and software engineers. (I have a Computer Science...

This is what I mean by "issues indigenous to that class of securities". With REITS you have many: Mergers, dividend increases/cuts, specialized REITS like health or hotel, earnings surprises, etc, etc. The #1 thing an experienced trader does is AVOID BIG LOSSES... And it takes a few...

Life is not easy when you have no class "Mister 666"... But your behavior far exceeds the ET Terms of Service. YOU ARE HURTING ET'S BUSINESS AND IT WON'T LAST. You can do grade school math... But lack the basic logic skills to put it together. first 30 years at 26% last 10...

Your absolute statements about "traders"... Actually apply more to "porfolio managers" putting on medium term positions. When one is scalping or market making... Taking a quick profit is FAR more optimal than waiting out a larger profit. Why? Let's compare the 2 styles. Assumptions...

I've been using Avast for at least 3 years. This is a commercial grade product on par with the best... based in EU. The virus database is updated 2-3 times/week. In 3 years... no virus has ever gotten past Avast on my Windows XP computers. It's FREE for home use... Because then they get...

I only had to read 2-3 of your truly dopey posts... To officially welcome you to my ignore list.

This first one is not a challenge at all. He's an example (of something I don't have time to trade): There are 60-70 REITS that trade on the NYSE. After appplying ** sophisticated quantitative analysis **... One would always be long 20 REITS and short 20 REITS. And trade in and out **...

Why has everyone just accepted these numbers as FACT? They are not believable. It's just not that easy. Even if "20 year old kids" off the street were grossing anything like this kind of money... Swiftrade would not letting interchangeable mooks keep it. Also, if you do the math...

Most of the misunderstanding... Stems from the rampant abuse of the term "hedged". Today... Any ** unregulated entity **... and 100% of scammers... Calls themselves a "hedge fund" no matter what they do... And perhaps 10% of all "hedge funds" are properly hedged/market neutral. The...

I would consider showing up. Did the May event happen? Has this ever actually happened?

IMO, this paper appears to be deeply flawed: (1) They used "economics students" as a proxy for "professional traders". It's hard to imagine something further removed from a successful pro trader than a Dutch "economics student". (2) The "traders" were not trading real money and had...

This is the only "serious" forum I have ever seen... Where totally clueless "paper traders" are posing as "experts"... And giving advice to even more clueless people. Another example... A non-programmer was allowed to dominate the "automated trading" section for weeks... And waste...

His real question: When will free money be available to everyone... even lazy dopes like me?

Used to 10 years ago... But now only at 8:30 to hear Rick Santelli in the Chicago bond pit... Or if ** MAJOR ** story day. 98% of CNBC content is completely useless... Just the Sell Side trying to take more of your money. yawn x 1,000,000 times I recommend surfing YouTube for relaxation.

I agree with Maverick. Pairs/basket trading is all about exploiting short-term market inefficiencies. Headline fundamental ratios you can get on Yahoo like P/E, etc... Are completely useless for this. And I agree with Don... ETFs and other poorly understood or ** complex **...

Dustin has it about right... about 2.0 cents/share is the ceiling today. Sorry... but it's not 1995 anymore. Simple analysis. IB "unbundled" rate is about 0.35 cents = 0.70 cents roundtrip. Personally, my profit margin is roughly 70% on about 40,000 trades/year... But one can be...

jwecme has just taken a BIG STEP towards becoming a successful trader... A step many never make... and just spiral down the toilet. ** At best mechanical systems can be marginally profitable... ** For 2 basic reasons: (1) A very experienced trader may use a quantitative system as a...

IB is the 16th largest securities firm in America... And according to their latest posted financial statement... One can do some very approximate analysis: http://www.interactivebrokers.com/download/IBLLC_1Q06_Unaud_Finls.pdf So IB has about $3 billion in customer accounts... And $270...

Agree. Most profitable strategies are: (1) Only moderately complex. (2) Exploit a market inefficiency. (3) The market inefficiency can be rationally explained. (4) And 90% of the ballgame... the strategy is professionally executed in a very discplined manner.

Totally agree. Music genius is always in full bloom by late teens... Athletic genius as well... And math genius is not any different. And all of the above have a history of being non-conformists. Truly talented quants have a math/computer/game/gambling intensive background from teens...