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I retired last year from an IT job on Wall Street. I basically agree with Rufus, but I do know of a several exceptions in my career who were able to transfer to trading from IT- very hard working, type A personalities who successfully made the transition from IT to trading. One guy now runs...

Please don't take this the wrong way. But before trying to manage other people's money, shouldn't you do a better job of managing your own? At your age (47+), a good money manager should have accumulated at least several milliion in net worth, even with a modest salary. Why should a high...

The Housing market is weak in the US, but is booming in other parts of the world like Bangalore, India and many other areas in Asia and Latin America. The stock market is a global market and people focus too much on US consumers who are really only about 5% of the world's population. Yes, they...

Cook may be right this time, but he has been very bearish for quite some time and missed a lot of the up move. Read some of his earlier posts.

According to this blogger, you should have about 20 times your salary saved up before you give up your day job. If you don't have that much, you should try to get a part time job to take the pressure off of your trading. http://quantinvestor.blogspot.com/2006/12/leaving-your-day-job.html

This blog has some good advice, especially if you have a good job paying 80K a year or more. http://quantinvestor.blogspot.com/2006/12/leaving-your-day-job.html

Yes it is gambling, but all of life is a gamble. Other gambling activity- Choosing a spouse, choosing where to live, a college, a job, starting a business, driving a car, flying in a plane etc. The birth process itself is all one big gamble- which sperm cell will mate with which egg and...

In my opinion, $50K is too small to be meaningful. Even if you obtained great results, your methods may not scale up to be able to manage 5 million or more. I would recommend building up your capital to at least $500K before starting.

Cost$- What do you mean by a 3-to-1 ratio strip? Is it long an out of the money call and short 3 more out of the money calls? Can you give an example for the S&P?

A good way to put it is: Investing in stocks has been a positive-sum gain, at least for the last 100 years or so. But trading is a slightly negative sum game because of commissions and slippage. But the vast majority of stock investors do not day trade. Look at stocks like Microsoft or...

Thanks for the correction. Two different guys have the same name, profession and age. Just shows you how big this country is.

Max- I just did a Google search on Richard D Gaines- 62 years old, matches the Yahoo profile http://pview.findlaw.com/view/2151528_1?noconfirm=0

In correspondence chess, humans are still far ahead. Human + computer easily beats computer.

Technical analysis is a specific kind of quantitative analysis mainly based on charts. But quantitative analysis also includes other types of analysis- correlations, regression analysis, combining fundamental analysis with technical analysis etc.

Is there a risk free arbitrage possible in Pengrowth? http://quantinvestor.blogspot.com/

Who is the best broker to use for a US resident citizen that wants to sell Mexican stocks directly on the Mexican stock exchange?

Nice trading. No, I didn't scale in. Still have only 200 shares at 15.15 I may pick up another 400 shares tomorrow and try to catch the next bounce to sell some. I did pick up more HTE a few days ago below 27 for the long term.

Today was not bad. Three more days to go.

A lot of hedge funds have invested heavily in home builders and have been getting hurt lately. I think Jim Cramer may have tried to help out a few of his old Goldman Sachs buddies by saying that the home builder stocks are starting to look way too cheap.

If you think ERS trades wildly, check out CUP and SIM. They almost make ERS look stable. :>)