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After the abolishment of the Gold Standard it is very hard to define wealth any longer. There is no clear benchmark of fundamental value. Ron

You did not answer the question but I will go ahead and read a book or two. in the meantime you should read the following paper carefully, with special attention to section 1.2.3. http://www-rcf.usc.edu/~lharris/ACROBAT/Zerosum.pdf Defining profits and losses relative to some common...

I asked you to provide an example where both the buyer and the seller of a stock benefit from their transaction. The specific transaction I mean and only that. Nothing external like the seller using his funds to purchase afterwards another stock or investing it in a profitable business or buying...

Maybe you haven't heard of price discovery and studies about how futures markets trading can impact the underline asset price. You whole reference to wealth creation is a red herring. Trading, any type of trading, is theoretically a zero-sum game and practically a negative sum if you factor...

Do you think that because of the increase in the price of ABCD stock, there is a proportional increase in the Money Supply? or, that because of the higher price the FED will print more money? You forget that available money did not change and for a potential buyout of ABCD, the buyer must...

Of course this is not true. But according to some your argument is a red herring fallacy. The counter-argument is that the issue is whether stock trading is a zero sum game and not whether the price of a stock reflects wealth created by the company that issued it. According to those that...

maxpi, do you know if Tradestation's software architecture takes advantage of multiple threads and dual processors in a trully multitasking mode? Ron

I guess nobody is using this program. I downloaded the demo and gave it a try. I got some patterns in the results using historical daily data I downloaded from Yahoo! finance but the demo won't allow you to generate the easylanguage code. Ron

It looks interesting. I have a couple of questions: (A) is this a web based application or PC based? It appears to be a web based application and in that case (B) can the webmaster figure out what strategy is used to place the orders? This last question is an important one and it applies to...

Theoretically yes, you may be correct. You could profit by just applying money management but you need a huge account. Probability of ruin kills small accounts in favor a larger accounts. Think of it this way: if we start flipping coins for $1 per flip, and I have just $10 but you have...

Yes, this is true during normal market conditions. However, slippage also occurs during fast markets or in the case of partial fills, etc and it is often more significant than that caused by the bid/ask spread. Ron

I remember I encountered a similar problem in the past. If I recall correctly the problem was due to the evaluation of conditions after the Open occurs and thus you cannot go back in time and place an order. If this is still the case with Tradestation I would be very surprised indeed. I...

Are you ready to change your mind? Ron

Has anyone seen this article about price patterns and/or used the program Automatic Pattern Search in his trading? http://personal.fidelity.com/myfidelity/atn/archives/august2003.html I just checked the company website and found the following article (which I find very hard to believe)...

Not surprised, this is typical behavior of 95% of the systems I have tested. Markets change and so is the performance of mechanical systems. But without any details it's hard to discuss the specific reasons for the deterioration you observed. About 70% of the systems I have tested in the past...

Electronic order matching does not always eliminate the need to have MM presence. EMMs (Electronic Market makers) are often used to provide liquidity mainly for new contracts until volume grows. I believe the CBOT mini sized Dow contract used or still uses EMMs. Ron

Yes, this is true, losing trades always fill completely and at a good price you never get to see again on the monitor for a while at least.:) Ron

There are empirical observations supporting this thesis. News events like interest rate increases or cuts do not result in instantaneous adjustments in prices as the EMH tells us but often give rise to sustained trends for extended periods of time. Warren Buffett aid once: "I'd be a bum on...

http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0307871&case=2005-INV-26&contrib=CBOT "Regulation 9B.14, in that TradeStation knowingly entered bids and offers into the e-cbot system other than in good faith for the purpose of executing bona fide transactions." Can someone who is...

Thanks nkhoi but the problem is I get this error message displayed on my laptop screen on shutdown and I just can't figure out the reason for it and a way to terminate it permanently Ron