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Good questions. Here is an idea. why not download some free data from yahoo and do some spreadsheet backtesting yourself? Formulate a hypothesis for non-random behavior, hen test it. you have open, high, low, and close to work with, along with date. while you are add it, download some...

Key factors for success I would bet on are: 1. Risk appetite. 2. Competitive ability: history of winning at sports, games, prop bets, cards, sports betting. 3. Analytical ability 4. Self control 5. Hatred of losing Great traders are the ones who, like michael jordan says in his...

http://www.bam-us.com/careers.html am i wrong or is this not the same Dmitry. They look to have a chicago office, why not apply for a position there? I bet another great option for you would be to team people with other skill sets. Id say 1 quant researcher to work with you on ideas...

i was not refering to entrepreneurial spirit, but rather entrepreneurial insight. In other words, the ability to identify genuine profit opportunities.

One thing I have noticed over and over again is how many losing traders have a strong "feeling" that this is what they want to be doing. They "feel" they don't want a boss. They "feel" they want to make x amount a day, on a consistent basis. and then they question the gods, "is this to...

It is likely not relevant at all, but if i was in your spot i would start a house painting business. read up on how it is done, practice by repainting your own place, then go around and get some jobs. hire a crew pay em $12 an hour, buy the equipment. If u do a quality job, referals start...

I disagree with this notion in particular: "make it compulsory for the fund manager to have 75%+ of his entire net worth in the fund." This may or may not be a good thing. But to actually believe the government should mandate this? just flat out ludicrous to me. the world will never be...

seems to me like most of your suggestions call for some type of regulation, then at the end you say regulation never works. I agree losses should not be socialized. however, what business is it of the goverment or quite frankly anyone but the parties involved how private partnerships or...

One is best off making buy sell decisions based on forward expectation, not where one entered the trade. The laugh is that so often when traders use this strategy, if they were -not- already in the trade, rather than stopping out they would be entering! ie, buy the retracement.

financial institutions are required by law to spy on you for the us government. By using offshore accounts and engauging in activity the us govt considers shifty, u will only succeed in being put on "high risk" watch lists, which will cause ALL of your financial activity to come under much...

Have you ever filled out a tax form? they specificaly ask you to disclose any overseas accounts and interest. Trying to cheat the IRS today with any earnings that are in ANY WAY are logged into the electronic system is one of the most retarded things you could do.

Some of you like might to read a short essay that Bruce Kovner wrote back in the early 90's on a related topic. If i remember correctly the paper's central idea is that financial markets help governments to make "More" rational decisions than they otherwise would, which is of course a huge...

Speculation and speculative prices help to shift the consumption and production of goods and services over time. High prices cause consumers of the resource to cut back. At the same time, high prices create incentives for capitalists to invest in new productive facilities, entrepreneurs to...

Let me reiterate, HR is essentially the enemy. No other profession is staffed with a greater percent of status obsessed, affirmative action hired incompetents than this, at least that I am aware of. Because they lack intelligence and an understanding of the jobs they hire for, they base...

I agree that the barrier to this type of move is huge, it is not how it perhaps used to be. HR does not want back office moving to front office, the front office does not, the managers in the back office do not, it is essentially a huge class system dividing the people doing "value added" work...

Yes, isn't it wonderful that the ability to pay is being removed as a criteria, and middle class families are now getting more of a free ride than they used to. The reality is the families that recieved prefered admissions historically, by their wealth and patronage, are the ones that built...

Larry is both a promoter and a trader. I for one do not particularly care about what he did or did not do in the 80's. Is it possible he bent the rules a few times? sure. But I really don't know, and either does anyone here. THe fact is, he has written books and shared Ideas. I for one...

A failed legislator is perhaps the best we can hope for: Failed politicians that fail to pass any signifigant legislation will have less of a chance of passing the kind of legislation that would further our nation's propensity to fail. Gridlock is really our best hope at maintaining some shred...

A few things. first, being rich or an accredited investor has nothing to do with being financially sophisticated. second, the definition for such is far from "ultra rich" by most peoples standards. My point is, if a guy has trading tallent, he needs to work with where he is and who he is...

We all know "ultra rich" and institutions have different things they are looking for. The "ultra rich" care about these things because they are listening to an army of consultants and their advisors at institutions. Why is it that every time someone mentions starting a fund, there is...