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  1. L

    Whats your definition of overtrading?

    lescor wrote: It's none of those things. Some strategies are meant to have high capital turnover and to trade very frequently. High frequency trading will result in a large % of profits going to commissions, but that may be by design. Overtrading is trading just for the sake of trading...
  2. L

    ib will kill all now with new rates

    Excellent for the industry... Congrats !!!!!!!!!!!
  3. L

    Alan Greenspan Replacement - The Best Choice

    Excellent Commentary..... The US and the world needs what would be considered a ¨normal and healthy economy¨.... Thus what is a normal and healthy economy...? A normal and healthy economy effectively rewards work and balance...A person works for food..clothing..shelter..and family...
  4. L

    Where to go for leverage... and other questions

    Genesis....THE BEST SOLUTION......
  5. L

    why do funds perform so poorly?

    I apologize for leaving this out..but there are some nice moves going on here at the close... Well..Let´s say I trade 5000 share positions...and I do this 7 times per day....This would be 70,000 shares..and if the stock trades 1000000 shares per day...this would be 7% of its volume... At...
  6. L

    why do funds perform so poorly?

    This is very simple.... Lets start with some of today´s real examples.... AAPL + 2.12 DELL -.05 EBAY +1.29 YHOO + 2.08 The trader may make: AAPL +4.79 DELL +1.22 EBAY +2.52 YHOO+3.21 It is possible for these stocks to not change in value for a year...but...
  7. L

    Which is better, an MBA or PhD?

    Phd level courses regarding the assembly of methods to project prices...whether it be linear or nonlinear...did give me a method of thinking about price movement... However..ever since the Apple 2+ arrived..then the IBM PC...this lead the way to being able to model thinking processes and thus...
  8. L

    Refco and Financial Derivatives Market Meltdown.

    Excellent Commentary.... South America has some of the best postings on ET... Whereas ET has an option for those who do not wish to read certain writers postings it is called the "ignore list".. There are individuals who such as "areyoukidding?" that do not have the common sense to use...
  9. L

    Refco and Financial Derivatives Market Meltdown.

    Excellent Commentary Legal obligations of leverage which are traded..both publicly and non-publicly have to be guaranteed by some party.... Right now...with respect to Refco...hopefully some will see this type of transaction risk as an opportunity...and sign the dotted line to overtake...
  10. L

    where did u all learn how to trade?

    Self taught...by making lots and lots of mistakes...most of the mistakes I made were listening to someone else... This is a "self" business... Direct access technology...the internet...low commissions...have made my liberties possible....
  11. L

    Which is better, an MBA or PhD?

    I have PhD training in Economics with a focus on "prices".... Studying "price behavior" is helpful because short term forecasting is what trading really is... I have traded since 1978...and grew up in a single parent...poor environment...now I have several houses in several countries...and...
  12. L

    200 Billion Tax Increase

    The point here is that the govt. is changing the speed limit and is effecting the valuations of some housing...Obviously this is somewhat of a socialistic move...taking away the very values that the government used to allow... Who picks up the loss tab...? The owners of course.... This is...
  13. L

    200 Billion Tax Increase

    Instant home devaluation...at the stroke of a pen....
  14. L

    USA Patriot Act and Money on Offshore Accounts

    SouthAmerica....... Excellent Commentary !!!!!!!!!!!!!
  15. L

    Genesis Securities and TradeBolt Ally For Automated Market Execution

    Genesis.....IS AWESOME.....!!!!!!!!!!!!!!! The best in the trading business !!!!!!!!!!!!
  16. L

    Alan Greenspan speech on 9/27/05 - US Economic Flexibility - and Analysis.

    SouthAmerica... Excellent Commentary I have played a number of foreign currencies...only when there were severe immediate problems with successful results... Like Templeton....I wait for there to be dire problems...when there are no problems ...no play...
  17. L

    Best country to keep your money?

    Easy consideration... Value X 1+i X 1+i X 1+i...etc.../ CV This is a time question...the risk reward favors higher i if time is not a consideration....you simply make your next move after you win... Reason: No other weaker currencies would exist if this were not true... Very...
  18. L

    Alan Greenspan speech on 9/27/05 - US Economic Flexibility - and Analysis.

    SouthAmerica.. Outstanding commentary as usual.... Seeing how the direction of the US is in question...Are there any countries that you do like...and why...etc... Which country if any is in the best position for the next 20 years..etc...?
  19. L

    The Capitalist system, it's flaws and possible solutions.

    Get rid of legal largesse...get a 10-15% flat tax... Make deficits illegal... Make alt energy paticularly solar a primary governmental focus... Equal trade = equal laws...other countries not equal...then trade will never be on a level playing field.. The government will be run by the...
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