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I am one of those people who tend to think that whatever they'll end up having you do on a trading desk, or any other institutional job for that matter, probably won't help you as much as you think if your plan is to eventually trade your own account and be your own boss. Implementing a...

Just in case anyone is interested, I have an extra LCD in excellent condition up on ebay. Here is the link: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MESEX:IT&item=270195742381&_trksid=p3984.cSELL.m315.lVI

Just in case anyone is looking for an Ergotron DS100 Quad Monitor Desk Stand, I have one listed on ebay. Here is the link: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MESEX:IT&item=270195527520&_trksid=p3984.cSELL.m315.lVI

I currently have a T1 and it costs me $325 per month, which I thought was a great deal when I did it 2 years ago. Obviously I love it because its super fast and rock solid. It has never gone out on me once since I've had it (at least not that I've noticed). But I think if I were to move...

Sorry for not responding sooner...I sort of lost track of this thread after the first knuckle head chirped in with his immature comments. Its funny, you can almost always tell the winning traders from the losing traders, just by how much pent up anger they seem to be harboring. At any rate...

Just letting everyone know that I put one of my trading machines up on eBay... here is link in case anyone is interested...

According to their website, it looks like you can bypass the GUI and use their CTCI/FIX interface via internet if you commit to a $100 commission minimum. The only catch iis that I don't think that interface supports any of IB's trade allocation features (i.e. you're a CTA) or order management...

If anyone is interested in beefing up there trading setup, I just want to let it be known that I have quite of bit of relatively new equipment that I'm trying to sell. I have 14 Samsung 213t LCD's, 4 IBM workstations, and enough mounting equipment to accomodate almost any configuration. All of...

Just in case anyone is looking for any new hardware, I just put some stuff up on eBay: Quad Monitor LCD Array: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ih=017&sspagename=STRK%3AMESE%3AIT&viewitem=&item=270110636148&rd=1&rd=1 4-Port PCI Video Card (128MB)...

The other thing you have to ask yourself is: "are you being too hard on yourself?" I think most new traders probably are. Everyone wants to attack trading as though they have to have a significant edge, like 70...80...90 percent. You have to realize that thats a HUGE edge, that most...

I think you probabably misunderstood what I was saying. Either way, it doesn't really matter because it looks like we killed this thread.

You are absolutely correct. Technically speaking, the "law of averages" is really just a lay term for a concept supported by the "law of large numbers." Likewise the "law of distribution" typically refers to some sort of probability distribution function (of which there are many). Also...

This whole argument reminds me of a conversation I had several years back with a buddy of mine who, at the time, was a pit boss in a craps pit at one of the casinos just off the Vegas strip. I asked him if his casino had any standard operating policy to deal with a player, or an entire table...

Which is why "trading models are to be believed... but never trusted."

Take a look at NeoTicker. They're not bad for real time scanning but I find it works best on a dedicated machine (depending on how many symbols you're actually trying to keep track of in realtime). http://www.tickquest.com/product/ If you don't need realtime scanning, but just want to...

One of the best traders I ever met used to always say that "trading models are to believed, but never trusted." That little saying has helped me so much over the years that I find myself mumbling it in my head everytime I'm about to pull the trigger. The thing you have to remember is that...

So let me get this straight.....not only do you HAVE TO HAVE the absolute lowest margins available so that you can leverage yourself to the max.....but then you want to use that leverage to enter positions outside normal market hours. Thats just brilliant. And by the way, if you want to...

Well said. Now imagine if you had an approach that allowed you to increase your position size on the z-trades as they progressed, so that you were weighted more heavily in them.

Yah, and that may happen on several trades in a row and probably get very frustrating.... but who cares... the one or two times an hour (or day..or..week..or whatever time frame you're trading in) you are able to catch a decent run and really build a position up you'll make 10 times that amount.

Reading all these posts reminds me of when I was first learning to play craps. After three days of playing as "smart" as possible, one of the dealers finally pulled me aside and asked, "so do you want to learn how to make some real money in this game or do you just want to nickel and dime it...