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  1. W

    Portfolio Optimization Software

    IB has a very nice portfolio balancing window/feature i manage a fair amount of OPM and i use it every day to rebalance portfolios. combining their basket trader functionality with the portfolio balancing feature is quite nice it will also autosize orders to the portfolio %age you request.
  2. W

    Is $5,000 enough to get started with trading?

    is it enough? yes is it suboptimal, will it lead to much greater risk of ruin, and much higher commission costs? yes (higher costs cause you cant trade large enough size to make commissions a smaller part of the trade) you better be darn good and darned disciplined if you expect to beat...
  3. W

    When futures lead, or trail, any meaning?

    it most definitely has significance, and it most definitely should be heeded by NORMAL players i am not saying you are going to arb-trade off of fair value divergences as a retail trader. i am saying that paying attention to what institutions are doing is a very good way to improve your...
  4. W

    When futures lead, or trail, any meaning?

    well, this of course is based on a frame of reference of where fair value is, of course. GENERALLY Speaking, when institutions want to buy (in general) and get in quickly and/or with good size, futures (S&P pit, etc.) is the way to go. futures, IN general tend to lead the indexes, when a...
  5. W

    When does one start trading big

    dood. i am trying to save you from learning the lesson the hard way. most traders HAVE to learn it the hard way. apparently, so do you. i didn't call YOU a moron. i said action X was moronic. it's kind of a loving the sinner, hating the sin thing. there is a difference between...
  6. W

    When does one start trading big

    you can assume an 80 or 90% win margin it's the same point i trade dow futures for a living a few of my setups have a win ratio in the high 80%'s it would still be moronic to use that much leverage
  7. W

    When does one start trading big

    this is why people need to understand game theory, and money management it's frigging amazing if you are trading with a 5k stop on a 50k account, you are a moron. period. assume that given a 5k stop and 5k target (1 point with 50 contracts) you can be successful 60% of the time...
  8. W

    Trading in a Different Country

    the previous poster is right about vanguard. i have been dollar cost averaging into a vanguard fund for 14 years, and no i don';t pay commission
  9. W

    Bollinger Bands

    look, ANY widely disseminated indicator or method is almost always USELESS as a trade signal because the market adapts to itself. it's called a feedback loop however... are BB's a useful measure of volatility? of course. can they be incorporated into a successful methodology? yes. but...
  10. W

    Why do you trade your own moneyy?

    i trade my own money i also trade other's money that works for me
  11. W

    How trading changed over the years, and what is the future of trading.

    the premise of this thread is utter rubbish. trading has always, to some extent, changed, and always will it is still an issue of supply and demand of VERY imperfect analysis of a great deal of information (and in our internet information age, we have a low signal/noise ratio). there...
  12. W

    The thing I dont like about stops

    yes, oco or bracket orders are the same thing
  13. W

    Stocks are random variables

    er2. what an edge is, is a methodology that allows you to beat the market. what that means is not that you have predictive ability, to the extent that i can say with certainty thaT X will happen, but that the predictive potential is great enough such that it will give superior results over...
  14. W

    Trend Following or Reversion to Mean

    markets change volatility is of course cyclical and the market (which is everybody's aggregate decisions) necessarily adapts. the 90's were a higher volatility market, and also a market where mean reversion was not as successful this aint yer daddy;s bull market it is a great...
  15. W

    The thing I dont like about stops

    any decent brokerage will also allow you to set a bracket order. iow, entry at X, limit order to sell at X+1, stop order to sell at X-1 MOST of my sales are executed automatically. you shouldn't have to be there to execute your targeted sell point
  16. W

    IB vs TD

    i have both TD accounts AND IB accounts. and btw, i use IZONE as well through TD, so I get $3 trades some things you may not realize 1) TD is ***not*** a direct access broker. they get paid for order flow. you will not get anywhere NEAR the kind of fills you get with IB where you can...
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    Bollinger Bands

    not in this market i realize you are being humorous but this is an incredibly low volatility period, ESPCEIALLY considering we are in a strong uptrend when volatility returns, traders who have gotten too complacent are going to get hammered
  18. W

    If so many people are unsuccessful traders...

    dollar cost averaging over the longterm in an INVESTMENT portfolio is proven and a good strategy for most people. it has ALWAYS offered a positive return in any 20 yr period, and superior to most asset classes in most of those periods DAYTRADING is entirely different, and investment goals...
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    Stocks are random variables

    as defined (by the ridiculous) efficient market theory - "efficient" means that there is no way to have an edge on the market, without insider information of course. it is a ludicrous concept, which explains why it is is so beloved among academics (who couldn't trade their way out of a paper...
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    Stocks are random variables

    i agree those are reasons, but they are not the only examples of non-randomness there are (and were) all sorts of edges in the market, in addition to what was mentioned also note that even EMT people concede the market has an upward bias. that's irrelevant to whether it is efficient or...
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