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My understanding that stop order is market order triggered when price dropped to a certain level. if price is very violent and drops 100 points in a matter of second, Can you get order executed at specified price? what 's the risk here in sudden price movement in trading ES?

According to some statistics, 95% wanna be day trader failed. But I take this as very positive number. 5% made it.

i knew this would happen a year ago and I told my friend, who wanted to do C++ programming work for a HFT firm, that HFT is not a viable business long term and he will be out of work soon. Basically HFT is front running market and because of that two results will happen sooner or later 1)...

In theory, trend following is a valid strategy. You cut loss early and let the profit run. you make money not on perdition, rather on money management skills. 1)if you stop out by opposite trend, what you do? you try to catch the trend by reversing your trade? 2) if you catch a major...

nonsense, there are many reasons that are not related skills such as account size. if you don't like what people say, just don't respond. there are many people who just want to learn

it is well known some strategy work well in some market condition while not working in other condition. if you are a profitable trader and you strategies no longer make money, what will you do?

he doesn't have edge, but he achieved consistent result for 1-2 years using small amount of money.

It always puzzled me when people say they hedged their positions. I mean why bother? if you really want to hedge, just close the positions. that is the best hedge. any idea?

not a stock picking. assumes that he has a good trader, what a chance of getting 30% return?

Can you elaborate? while aum of 5 MM is small size for private fund, but its advantage is that it has no impact on market. 30% seems to me is not very high.

a friend is going to start a private fund with $5MM AUM. His target is 30% annualized return. He mostly would do swing trades (holding period from 1 week to several months) and some risk arbitrage (for exampe yield curve spread, stock or ETF paris trading) and take small directional bet in...

will never come back that way once manufacturing jobs are gone. QUOTE]Quote from luckyluciano: Wouldn't it be nice if we had kept most of our manufacturing jobs, factories here in North America? Imagine all the working workers, managers, book keepers, occupied buildings, taxes paid to...

Everyone nowadays seem to think, and I agree, that there will be no export growth to western countries for China goods. The 50% rise of export is a surprise. Many doubt the data, however I talked to some people in export field , they kindly confirmed that number. Could be western buyers...

Employment report came out terrible.M3 is collapsing. There seems to be no growth in the private sectors for the next several years. I think this is mainly due to HUGE policy failure of Obama administration. The government took easy way out and thought they can spend out of recession to...

say I have 500K $ account and I want to set up a company in offshore place such as British virgin island. Can I then use the company to open trading account ? how does that work? I am aking this for a wealthy friend. any idea? Thanks

I am visiting china now. unlike western countries, everyone is bullish here. "average family in Beijing can easily afford BMW and mecedes" read one local news paper in beijing. you got idea how bullish people are nowdays. anyway, my sense is quite different. Housing market and equity market...

The decision by exchange to cancel trades are absurd and outragous. Let's say if I have P & G stock and got stop out at 50 and market continued to go down and I bought back at 40 again. and later on PG recovered to 60. what happened to my trade? if they canceled my 40$ buy order, I lost...

China could borrow from Americana banks using tsy bond as collateral. In the event of US default, who will suffer the most loss? today's finical dealings are so inter connected together, it is unthinkable to default on China owned debt only without causing much harm to US. No one is saying...

you mean " the master of universe"? those are the best people you got?

This "selective default on China bought US tsy debt" sounds like great idea. in practice, it won't work. if it does, it hurt china little and hurt US most. here is why: 1)China can just buy CDS protection on US debt from euopean banks 2)China can simply use tsy bonds as collateral to borrow...