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  1. rwk

    Quantitative Strategies Books?

    In "The Predictors", author Thomas Bass talks about how a group of physicists used chaos theory to crack Wall Street. There's not much math in the book, but it was a very entertaining read. Maybe it will point you in the right direction...
  2. rwk

    Women on the wall street

    I have a copy of an interview that Williams gave in which he talks about the $10k to $1.1 million. His objective was to build market presence (get noticed), and he has used that presence to good effect. He was absolutely clear that he does not trade that way all the time, nor does he recommend...
  3. rwk

    Going to San Francisco

    I understand that there are [relative] bargains to be had on so-called boutique hotels in downtown SF. They're supposed to be very nice (quaint and small) and reasonably priced due to the recession. Check the Internet.
  4. rwk

    Psycology

    All the the previous responders are right, at least to some extent. One consideration nobody has mentioned is liquidity -- it's a lot easier to move 100 shares than 2000+ shares in your typical Nasdaq roach motel.
  5. rwk

    Money Management

    It's not specifically about money management, but covers the topic about as well as I have seen: Trade Your Way to Financial Freedom by Tharp http://www.amazon.com/exec/obidos/ASIN/0070647623/qid=1085427980/sr=2-1/ref=sr_2_1/103-5893638-0093434
  6. rwk

    NYSE vs. Nasdq

    My guess is that there are at least 10 times as many Nasdaq as NYSE scalpers who make steady profits. The good NYSE scalpers tend to be old-timers who have worked on or near an exchange floor.
  7. rwk

    1000 Australians appear to have lost more than $40 million chasing returns of 180%

    I heard about the Albania mess -- no laughing matter. Albania was/is the most backward country in Europe due to it's long term alignment with Maoism and China, very hardline. [Richard]
  8. rwk

    1000 Australians appear to have lost more than $40 million chasing returns of 180%

    I think one of the things that is so insideous about Ponzi schemes is that they actually work (or appear to) for the few who are lucky enough to get their money out early. Nothing dupes people better than actually seeing ordinary people making easy money. Therein likes the trap of a bubble...
  9. rwk

    Ethernet cards

    I have never heard of a DSL modem coming with an ethernet card. If it did, there must be a reason. If you make a change to your system, and you start having problems, the FIRST thing to try is to undo the changes. Beyond that, there doesn't seem to be a lot of difference from one ethernet...
  10. rwk

    is the index important?

    My experience in strading stocks in all timeframes, from daytrading to long term trend following, is that when I trade against the index, it is like swimming upstream -- a lot of work for little gain. When I trade with the index, it gets a lot easier. I have tried building various timing...
  11. rwk

    IB and Quicken 2004

    I use Excel for day-to-day tracking of my performance, and I use TradeKeeper (http://americanware.netfirms.com/) for tax reporting. Tk is free, and everybody already has Excel.
  12. rwk

    Does everyone have a degree?

    When I was a young man, I was assured that a college degree was my meal ticket in life. I believed then, as now, that I was getting bad advice. I eventually got the degree, plus an MBA, and I think I am a better person for it. The numbers show quite clearly that college grads make more money...
  13. rwk

    NYSE vs. Nasdq

    The only thing I like about NYSE is that I can do size, as long as I am willing to pay up. Nasdaq is easier money and better looking charts.
  14. rwk

    Futures - one commodity or multiple?

    I was a long term trend follower from 1994 through 1997, the last two years of which I was registered as a CTA. I analyzed the markets using end-of-day data and only occasionally spot-checked the market throughout the day. I was pretty much a pure technician. I followed about 35 issues in 6...
  15. rwk

    Trading versus other businesses

    With the second income, it could be done. You will need to be VERY patient, especially at first.
  16. rwk

    Trading versus other businesses

    I started trading stocks with my present methodology about a year ago. I am trading MUCH better now than then, but I was making more money then. A quick glance at charts of the major indices, then and now, explains why. I'm not sure I would have made it if I had started a year later. I...
  17. rwk

    Question About ETF'S

    I believe they do. I was short the SPY and got hit with dividend payments a while back. The dividends are based on holdings.
  18. rwk

    Are these Systems really that good?

    Some really bad systems can look good for a considerable time. Taleb talks about this in "Fooled by Randomness". What makes a good-looking system hard to trade is the nagging doubt that it's really a pig wearing lipstick.
  19. rwk

    IB TWS automatic login

    There are some free programs in the Yahoo discussion group that do that: http://finance.groups.yahoo.com/group/TWSAPI/
  20. rwk

    Atomic world clock for people

    I use Dimension 4 (http://www.thinkman.com/dimension4/). It's free and works well.
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