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What a fucking disgrace. According to the SEC complaint, Karen's fund pays the incentives to the fund manager based on realized gains, and unrealized losses are basically ignored. With that kind of incentive structure, any monkey can be a super star manager. You perpetually roll your losing...

I don't trade OJ, and I don't follow the OJ news. But you prompted me to look it up. Looks like there was some announcement today by the Brazilian government with regards to the increase (by USD $5.8 billion) in farmers' credits/subsidies. It's my understanding that Brazil is the largest...

Specifically with respect to the agricultural commodities (such as corn, soybeans, coffee, sugar, wheat, orange juice), the supply side is heavily determined by weather. Let's say that because of the drought, the crop was reduced by 30% in a particular year. Assuming that the demand is the same...

Haha. Same here.

That is not an English word. I assume this refers to the act of stealing iPhones, or to the person who steals iPhones? I like to make up my own words. For example, "garazmulka". However, until it gets included in the Merriam-Webster dictionary, or at least in the Urban Dictionary, it is as...

Thanks, def. The explanation pointed to by the "read more" link is too vague. However, from your comment, I think I get the idea, which is this: If the bid/ask spread at the top of the book is no wider than 1 tick, and the bid/ask size at the top of the book is smaller than the order size, then...

"Irregardless" is not the opposite of "regardless", but rather a non-standard form of "regardless". I would put it in the same category as the double negative, such as "I don't know nothing about it." My favorite is "Nobody does not tell me nothing about nobody no more." $600K would put you in...

The thing is, all 5 of your rules are subjective. You can easily arrive at the opposite trading decisions, depending on how you interpret each one of the rules. To make the rules more objective, they must be stated in a much more specific manner, which would allow for an automated backtest. For...

Tick data is not the lowest level of granularity. You can actually store the limit order book, as it changes from moment to moment. For some active securities, such as the ES, this would take about 2Gb per ticker per day.

Thanks, def. Interesting concept. From the description, it's not quite clear to me how this would work. Let's consider a very simple example. Suppose the top of the CME limit order book in the ES (S&P 500 e-mini futures) is 2000 contracts bid at 2080.25, 3000 contracts ask at 2080.50. I place...

Dude, trading is a skill. Selecting a sound advice is also a skill. If you choose to listen to people who say they can make millions in weeks, clearly you are severely lacking in common sense. You say that you are in the UK and you need a broker? Selecting a broker is the *last* step in your...

No fun was intended, whatsoever. Compounded annual return = 100 * [(1 + daily return)^(number of days) - 1] The OP suggested £150 a day on a £10,000 account. That's a daily return of 1.5%. Therefore, assuming there are 252 trading days in a year, Compounded annual return = 100 * [(1 +...

With 252 trading days in a year, you are "aiming" to make a 4160% annual return on your account. Think you can do it? Go for it.

Didn't quite work out as I thought. Out of my short at 2090.5 for a small gain. Flat and ready for next day.

Well, it does not have to be "endless". Just 10,000 hours will do.

Holding on to my short. Right now, at SPX 2090, the dumb money is finding their imaginary "support". SPX will close at about 2085 today. This is where today's day-trading longs will give up their long positions, and I will cover my short.

This "classic" channel breakout seems way too "obvious" to work. To facilitate the money transfer from the 95% of the traders to the 5% of the traders, the market will sell off, to force the liquidation of the new long positions. In accordance with this rationale, I am short from SPX 2093.

Is that a long or short entry?

Your transatlantic connection from Europe to Chicago can be improved. I use Amazon AWS (the Virginia Zone) to run my automated system, trading CME futures, using IB API. Average market order execution time is about 100 milliseconds. For you, it's probably around 1500 milliseconds? However, from...

Multiple implementations of this already exist (in Excel, Java, C+, PHP, you name it). Just google it.