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Well, I hope you are right and we rally like mad tomorrow. Because I have a huge position on overnite. I really need it to come back for me to make back the $ I lost today! haha. Well, if not then I know my exit points already. thanks! -99

This is my WORST DAY on record ever! And it's all due to one huge position I took on earlier today. I couldn't believe I got myself into it. :( But tomorrow and all of this week, I'll get it back... -99

Of all markets, the futures market is MOST EFFECTIVE with TA!! Because alot of futures traders trade using TA and thus it becomes self fulfilling! CFTC should know better!

I think markets are NOT as efficient as academics would like to think. Yet, on the other hand, it's NOT as inefficient as most traders would like to think. Sure, TA is useful stuff. But don't attach too much predictive power to it than warranted. No method is perfect. TA is just one of the...

yeah! Sorry. I was loading up about 10 contracts and didn't noticed that it was the average price. haha. stupid me! thanks

I noticed that one of the price I got when I shorted YM was 9090.75. Did YM just changes its increment to .25 rather than 1? hmm...

He's such an ASSHOLE!! Who the f**k* moves 30 cents on 1 min bar?!! Luckily I had gotten out most of my short. But still screw me on the last half of the position I have on. gosh. lil f*cker! How long does it take to fill a market order? 10mins?! wtf?! geez. hehe

RS, this is so true! We are know and heard about cutting losses, riding winners, position sizing, discipline etc. But we still have to experience it FIRST hand in order to have it in our system! I know too well about cutitng losses, because I've already been to hell and back with it. And I'm...

Yeah, it's pretty standard in the industry. New MBAs get $75-80K base + bonus. So, first year total comp hovers around 110-150K(if you are from a top b-school). But you are right. Most of them don't become portfolio manager right away. They learn from senior guys for a few years. But my point...

This is not totally true though. I've seen new MBAs work at the buy side firm that I worked for as assistant portfolio manager right out of b-school, which is ridiculous. And I'm sure this is common practice at many places. And then they become portfolio manager in like 1-2yrs. So, in those...

Nitro, Thanks for the compliments. But life isn't as good in my shoes as you imagined it to be. I have had my ups and downs(a lot of that as well). People should live their own lives to the fullest and not try to imagine other people's lives. Anyhow, the last 1.5yrs of prop trading was quite...

That's why it's so hard to beat the market. The dumb money who just "buy and hold" probably beat hands down all the "pros" the last few months by just holding onto positions. Whereas the smart money trying to jump in and out timing the market might do well then when a change or dramatic thing...

Nitro, I agreed with you totally. Trading is an all encompassing great PASSION in my life now! And probably will ALWAYS be. But, I'm glad I invested my time and energy in the quality of education I had. Not that I'm boasting or anything, but I felt it was a good exposure. Where else can...

Yep. We all KNOW that trading success/failure is NOT a function of intelligence, formal education, how you dress, what you eat, etc. etc. However, education still plays a role in one's life though. Either as enriching source of entertainment or just intellectual curiosity. And on "average"...

FP, You are too chicken to respond to my earlier posts huh? Maybe you bash MIT, because you WEREN'T good enough to get in to MIT when you were in hs! LOL! What happened huh?! They REJECTED your ASS?! So you are still sore?! Now you are trying to make it up by going to Oxford for just an...

And the funny thing is, FF will finally be a small fish in a big pond. He might be top student at NYU but he'll meet his match and beyond at Oxford. He was a big fish in a small pond. Then he'll realize he might no longer be the "best" when he's in class with some of the best students in the...

FF, I went to this webpage: http://www.maths.ox.ac.uk/admissions/postgrad/courses/mscmafcs/ Not a bad program. Fairly rigorous. Covering even very general stuff like Lie Algebra and Representation Theory. A bit of overkill for studying cs though. haha! Computational Methods for...

JT47319: Thanks! Interesting stuff. I'll definitely look into it. And something to think about. I've always heard money management is the most important part of a trading system, strategy, or method you use. That's what separates the winners from the losers and the average winners from...

FF, Did you win or placed in the Putnam exam? Before you go bashing MIT, at least MIT and Harvard have students who constantly ranked high or even won in the Putnam exams(the hardest math competition in the world)? I rarely see NYU in the top 5 ranked Putnam winners. As to the applied math...

That's classic!! Haha! That' so FUNNY! ROFL. I almost fell of fmy chair. Oxford is actually very good school. And even has a very solid math program. And FF should be proud, etc. But it's a bit excessive pride to go on mesg board and broadcast it. Being an ex-quant, I've worked with...