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wrong wrong wrong on several counts. -random data certainly could show a leptokurtic distribution. why would you think it couldn't???? you mean it's not "normally distributed" which is correct. -leptokurtosis = fat tails. this is true. keep in mind it also means a high peak around the...

I decided to start a new thread since I don't agree with "the sad truth about trading" and that's not why i'm posting here. Index Piker, sorry for interjecting a way to make money into your thread! [joke] http://www.elitetrader.com/vb/showthread.php?s=&threadid=181368

Every few years I post a bit on some of these boards. I don't usually find it very productive and it can be very frustrating, but I'm hoping maybe I can help someone along the way. There were people who were very generous with their time when I was starting out, so maybe I can pay something...

Thanks for finding this. Keep in mind that these are excess returns (excess of the market) which is why you have to hedge with SPY if there's no offsetting pair. If you do a little bit more searching you can find a lot more information on this concept. As I said, it's one of the best...

A guy called "mindtrade" pm'd me and asked where you could get addition and deletion information in advance. I told him I would answer here since anyone looking into this might have the same question. The answer is that whatever news feed you're using should carry that information...

Don't be an idiot. I post a system I have used profitably in pretty complete detail. The basis of the system is a well documented and researched market inefficiency that pretty much everyone knows about so it's nothing revolutionary, but I tell you exactly how to apply it to make money. I'm...

searched the files??? no look a few pages back in this thread. it's not a file just text. simple.

Several years and the return was very impressive. My exact numbers won't really matter to you because financing/margin requirements will differ... small differences in execution will add up... and we did some things a little differently at times. all in all, it has been a nice chunk of change...

I am assuming you mean an ES daytrading system. I have done that profitably (in fact, it's how I really learned to trade)... look at things like opening gaps, what happens at the high and low of the day depending on the time of day (more likely to fail midday, don't fade highs and lows in the...

Ok I'm cutting myself off after this post... I won't spend the day posting on ET lol... but here's what I think your problem(s) are: -Youre actually totally correct when you say most people shouldn't trade. I say this over and over. The market is not a level playing field. If you come into...

Ok... as promised... here is a system that has an edge. I know this because 1) I backtested it rigorously and 2) i have used it for quite a while and made a good return with it. Index Adds / Drops from S&P 500 On the days following an announcement that a stock will be added to the S&P 500...

There is FAR less no trader involved trading that you would think. (This is not speculation on my part, I know this for a fact.) A lot of the systems and models that run as black boxes still have a trader that turns them off and on. More of the black boxes run on people's kitchen tables than...

When I was a struggling trader, I used to believe what you wrote here, but the fact is you're wrong. The pyschological demands of trading are EXTREME... I really used to think it's as simple as telling someone where to buy and sell and then they do it and make money, but that is just not true...

I'm not sure I agree with you on this one. I would say the skills required for effective model building differ from the skills required for trading. That's why almost all funds that hire physicists also hire traders to apply those models. Some of those spectacularly brilliant people I knew...

Come back a year from now and let us know how that's working out for you lol.

Well said. And you can't overemphasize that this is a performance discipline like being a top notch professional athlete... it's possible to learn most of what you need to be successful but in the end it comes down to a handful of very small seemingly insignificant things that have to be done...

actually... to a trader a "piker" is a trader who has no clue what they're doing. as in "did you see that piker sell up there? what a moron!" or maybe when you're trading really badly on a day... "oh sh*t, i can't believe i'm so stupid. how can i be such a piker?" so... yeah it's not a...

I'm sorry you have had bad experiences trading, but your conclusions aren't consistent with my experiences. I do find that it is possible to prove and transmit skills and there ABSOLUTELY is a skill set to learn. I know where you're coming from and I went through a period when I thought I...

Yes I agree with what you're saying. It certainly has become harder but I know many traders who are still consistently profitable. Maybe you made 400k last year and you're on track to make 250k this year... but there's still opportunity. That's just the nature of this business. No one is...

AIG, LVS? MFE today? I'm assuming you daytrade stocks and there's plenty of opportunity. I know a lot of prop desks are struggling but they haven't made the necessary adjustments. And yes, FAS FAZ do offer some good moves you just have to figure out how to trade them (trade FAS, watch...