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This is nonsense. Must you make everything so hard for yourself? Most trading firms behave roughly like market makers or casinos... And grind out money day after day... $10 or $100 at a time... With close to zero risk. A pro can do it on a small scale... Bright does it on a medium...

America will ALWAYS be hated in every 3rd World Hell Hole. So what. How many Carrier Battle Groups does Dubai have? http://en.wikipedia.org/wiki/Carrier_battle_group

> 90% of hedge funds are designed to be pure "skimming operations"... With no legit plan to outperform the markets. Start 100 funds... And you get 2% of all assets... And 20% of all profits... And just fold the losers. Like gold stocks... it's all about the STORY. Like... We got...

You are correct. Sooner or later... it will be the right time to invade Dubai.

I tend to think of Pros... As people who run a ** trading business ** for decades... for life... In a business-like manner with all the necessary infrastructure... Capital, technological, administrative, regulatory infrastructure. Someone with 5 figures in capital... With a $3,000 annual...

Law school... Was identified as just ONE "non-math" example... Of a high IQ cohort... that is specifically trained to think in a structured, logical manner... Or you will fail to graduate. More examples of logical training: (1) Computer Science (2) Hardcore Engineering Programs (3)...

The cat is out of the bag.

You must of missed the 70s... when the Saudis were going to "buy America"... And the 80s when Japan was going to "buy America"... But in the end, of course... America ended up with the money. This is just a replay with a new cast of Sheep being fleeced. This article seems naive in light...

Nice post... But all this is common knowledge among Pro Traders... of financial institution paper. (As opposed to amateurs staring at charts). I trade C, BAC, DB, ING, RBS, USB, ABN, MER, JPM, MS paper every day... And even CFC paper, etc, etc. Volatility and volume is thru the...

I do 500 trades/day... it's all f*cking automatic. I might have to think longer than 10 seconds... for maybe 5-10% of my trades. People who over analyze their thinking... "the brain is joined by the heart"... (roll eyes)... Probably do not have much of an advantage... if any... And show...

Nice post. It's all about basic logic... Being TRAINED to think logically and critically. The BIG mistake people make: I have high IQ... therefore I think logically and critically. Nothing could be further from the truth... Only a few hardcore disciplines TRAIN highly intelligent...

www.rentacoder.com

Only mediocre talents and ultra-conformists chose "accounting programs". You will make a fine cog in someone's wheel someday... But most successful pro traders are the opposite... Genius level non-conformists.

November was an EXACT replay of August. Anyone who repeated their August mistakes in November... Has a learning disability... and should get out of the business. Also... Anyone who's been trading for > 10 years... Has seen very similar events at least 7-8 times... And should have...

There are these things called lawyers and the NASD and the SEC. There is also this thing called Google.

Pretty much nil. But if you have the infrastructure to manage Limit Orders... And let them sit there... and bump them up or down... Then you will be trading close to where the market maker is trading.

I agree with this. His ludicrous claim "Average Accuracy: 80.3 percent (20+ years)"... Is worthy of a 19 year old. If you're gonna con people with fuzzy AI references... At least pull up your socks. Or maybe start a sports tout service using the AI angle... Degenerate sports bettors...

I see that you are are artist. I find that artists, especially musicians, make the best traders.

It all depends on the API. Professional software development cost starts at $50/hour... So even a small trading operation with one (1) full time engineer... Is looking at a 6 figure annual tech budget. Not saying this is a good solution... But a quality data feed with quality API is...

This in no way "proves" that these groups are very profitable... That hi-frequency or other algo trading is very profitable... ONLY that every Big Player has to play. And the cost of playing is so high... With 6 figure engineers and, allegedly, 7 figure trading talent... Plus astronomical...