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Ok, I know a lot of people complain about your language use, but I tried to get through all of this despite the fact that it read like an econ theory paper. No maths, no proof, just abstract concepts. That said, I would greatly appreciate it if you could answer some questions on this post...

While this is clearly the case with some online casinos, this appears not to be the case at those that are reputable. That said, I have not run any statistical analysis on this, but I believe some others over at Casinomeister have. Yahoo is using their own engine and only offers "play" money...

Online blackjack uses simulated decks. After each hand, consider them "reshuffled." So basically, depending on the rules you are playing with(i.e. multiple splits, dealer hit soft 17, etc.), you are looking at a long run house advantage somewhere around 0.25 - 1.00%. You cannot use variance...

I did a search and read some older posts on these issues, I also googled them. (for your reference, my knowledge level: newbie) I would like to know/discuss the validity of how these are calculated. An indicator such as OBV, in my opinion, is severely flawed because it attributes ALL volume...

Congrats to Bob. And good luck at this year's WSOP, I imagine he will be entering the main event. I have seen Bob in action at the bac table, he certainly does not have an edge. Long run negative expected value, but it appears he has devised a system to with variance such that he will have...

While not all i-bank traders are flow traders, most are. The prop desks are very small. Perhaps one of the more recently known stories is of Driss Ben-Brahim, fx derivatives prop trader at Goldman in London. Estimates of his takehome for 2003 were around $50 million -- though much of this was in...

Hi, I've read through the software review section as well as numerous of the posts in the software forums, but can't seem to determine which software is best for a starting prop/day trader. I currently work at a hedge fund but I'll be leaving to trade on my own. I will be starting out trading...

So how did it turn out Kam? Did you get the job? I just read this thread and found it pretty interesting. I was surprised by your initial pride toward Lefty's remarks(even if I disagree with some of them), but glad that you apologized to him nonetheless. Whether you agree or not, you are...

You make it sound so simple, SLE. Run a mid-size 150mm hf and get your 20% return and take your 20% cut... there are many more headaches and concerns than you think. Even then, the founder and head of the fund is taking a big chunk of the incentive fees. If you are trading for yourself, no...

Thanks for the posts 4X. I am currently applying similar forms of analysis and trying to learn from the likes of DB Phoenix. I have two questions for you. First, why do you use slow stochastics? (not suggesting this is good/bad) And secondly, have you had experience trading with...

Trade Japan. I don't find it that interesting, but if you are a night owl, it is open from 5pm - 11pm PST during spring/summer, and 4pm - 10pm PST during winter. They even close the market for lunch for an hour and a half.

I'm in a similar situation, but I think tbomb's advice is definitely solid - probably because I share his opinion. I'll write more later, or PM me.

Alright, first off, it is very unlikely you make $300/hr playing 1000NL. That aside, here's my advice to you. Stick to playing poker on the side to keep your cash flow moving. While you are probably exaggerating your win rate, I will still assume you are a winning player and have probably...