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There is. It's called "Medical care from the 1950's". Unless we as a society think that giving some poor person the latest and greatest medical treatment is somehow going to magically transform them into a productive member of society, it's a waste of time and resources, unless they are being...

How many of you on ET who consider trading gambling are profitable? Since profitability is the primary concern of a trader, whether he thinks trading is gambling or not is secondary, no? If I think trading is gambling, yet I am profitable, then my opinion has at least some credibility...

I find it interesting that the posters who seem to have the least amount of success are the ones who make the largest generalizations about trading. Those who seem to have developed a successful approach tend to speak much more cautiously about it and avoid grand pronouncements on its nature.

Shit, I really do want to get away from this thread because it's full retard, but I'd rather not let my statements get mischaracterized. You are talking about professionals trying to steal from other professionals, not brokers trying to steal from retail traders. At least stick to the...

Really? I didn't realize the thread was about internal controls and security procedures at major investment banks like Goldman. Even so, the guy from Goldman was trying to steal Goldman IP, so it's still not analogous to a trading software vendor stealing code from a retail customer. I'm...

He was caught with Goldman's own code, not caught trying to sell reverse engineered strategies from Goldman's customers. That's completely different from what we're supposed to be discussing. That episode would fall under corporate espionage, which most definitely exists. If the guy had been...

Was the strategy you decoded profitable? How do you know you actually decoded it? Did you confirm that with the person who developed it? If so, are you sure they weren't lying to you to make you think you decoded it? As for the activity being "hard to detect", so is corporate espionage and...

OK, look, I can't argue out of the assumption you want to make, which, as far as I can tell, goes something like this "There must be some simple strategies which are profitable and because those simple strategies are easy to decode, brokers must be decoding them". Yet, when I ask for a single...

Right, and can you please tell me the number of strategies which are "easy to decode" and are also profitable? We are making the assumption that brokers would only want to steal profitable strategies, correct? My guess is that the overlap between "easy to decode" and "profitable" is about nil...

I would say that traders tend to be more analytical and quantitative. Esoteric questions about statistical distributions don't really ever matter to entrepreneurs, but they may matter greatly to traders.

That's a terrible analysis. How could it be a carrot for something that didn't exist prior to America? You've put the cart before the horse. The Statue of Liberty doesn't say "Give me your middle class, who were already pretty comfortable in Europe and other places, but might want to get a...

Want to slow the growth of income inequality? Force intelligent people to marry unintelligent people. The biggest driver of inequality growth is the rise of the two-income college-educated household vs. the one income single mother or working mother with unemployed husband. So, what are...

What's the risk her paycheck bounces vs. Buffett losing his shirt on an investment like BAC? The rates reflect the relative risk of the cash flows, not to mention that one rate is being paid on money that hasn't been taxed and the second rate is on money that's already been taxed once...

It's not that I want to risk it, I want to know the risk and consider the potential trade-offs, the primary one being do I want to have to watch a trade every second it's on or not. With the ES, I don't have to, but now that I'm branching out into other markets, my attention is going to...

Coming from trading the ES, I just want to think that there are other markets which at least give somewhat similar liquidity and can handle stop limits. I typically can babysit a trade anyway, so it's not as if I'm very far away and can't place a market order in an emergency, I just like the...

Very helpful info. Thanks.

So, what does that send to the exchange, then? A limit order at your stop limit price and one at the price at the extreme of your payup range? You probably know what I mean, but basically I'm saying that if my limit price is 2.8 and my payup range is up to 2.85, if I don't get filled at 2.8...

Absolutely true. OP, If your trades are based on objectively measurable market factors and they say to go in, then you would only be psyching yourself out not to take your signals. Of course, you then have to ask yourself constantly if you are measuring the right things or not, but that's...

If it's not 100% the same as the original, then in, for example 2 years from now, the results you get and the results from the original will be completely different. Perhaps your results will be better, but that hardly seems like the kind of outcome that you would call "reverse engineering"...

I'm just getting into CL and use stop limits, but I'm always a bit nervous given just how quickly that thing can move. I don't mind so much on entries because I can miss a trade without any regrets, but I'd hate to get screwed on an exit.