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Seriously. All this animosity could be over TOMORROW if that happened. Last I checked, there's nothing holding the country together other than a piece of paper that says it's a single country. The fact is, as you say, the few (very few) Leftists with brains know who really foots the bill for...

Oh, please. The idea that there is some valid, objective statistical analysis out there that supports your thesis is ridiculous. 99.9% of the people who "study" this "problem" are Leftist ideologues who just make sh!t up to fit their predefined conclusion or are naive grad students who get told...

Yeah, big problem with that is that there are only so many government services a Warren Buffett needs, so asking him to pay the same rate as his secretary means that he's vastly overpaying relative to the level of service he requires. If you allocate all federal spending by income, the top...

I didn't say the poor are stupid, it's that they put their energy into pursuits that are stupid. I've known poor people who will spend as much time thinking up a way to scam the government or some other person as a rich person will spend thinking up a way to get richer. The poor spend their time...

The obvious solution is to split the country into two or more separate sovereign countries, each with its own pro-rated share of the current debt. Let you parasites figure out how to make your socialistic BS work on your own dime. I don't even want to debate you any more, I just don't want to...

If you don't ultimately develop a positive expectancy strategy, I agree. Part of your discipline has to be the ability to formulate hypotheses about what works about your negative expectancy strategy and what doesn't, then iterate and refine. Even pretty bad traders have winning trades at least...

This is the kind of statement pseudo-intellectuals make to seem smart. The fact is that there's no money in stealing from the poor. The rich primarily steal from each other. It's easier to cheat another rich person out of a million bucks than to cheat a million poor ones out of a dollar. Duh...

I dislike journals like this because I wonder if there are any noobs out there lurking and trying to replicate the journal's trades, thinking the person knows what they are doing, especially with all the name-dropping and talk about writing a book that goes on in here. Fortunately, episodes like...

As a thought experiment, imagine a world where population growth had proceeded as it did during the 20th century to today and where capitalism had not created the vast amounts of wealth it did, but where growth rates were more in line with the "social democracies" of Europe over the past 60...

While I agree with what you wrote about identifiable characteristics of the trend turn process, I've always wondered about this kind of explanation about traders getting "trapped", though, because the amount of volume done above and below those swing points is minuscule relative to overall...

If you find yourself making the same mistakes at the start of your second year of trading as you did at the start of your first, that's a huge red flag. Basically, the evolution of a trader is that you make mistake after mistake until you finally stumble into something that works. Or you don't.

Wwwwwwaaaaaaaaaahhhhhhhh HFT!!!!!!! Pussy. Maybe you should get another job besides trader. Obviously, you aren't cut out for this type of work. Maybe hairdresser or interior designer is more your speed. Seriously, did you stamp your feet and cross your arms across your chest when you...

It's a good thing Themis doesn't have a dog in this fight and can be a neutral party to the whole discussion. If Themis was in the buggy whip industry, they'd have been railing against "those dang automobiles" a century ago. Give it up already. Just because HFT undermined some strategies...

Maybe he meant RTH high? You said earlier that you are only looking for "home runs". When I'm looking for "home runs" I look at the Weekly set-up, not some 15-minute job. I don't even look for "home runs", I look to catch 6-7 points out of every 15-20 point move and I don't look at anything...

Tend to agree with you here. I don't think this journal is terrible because of the losing trades it contains, I think it's terrible because the journalist does not seem to know how to lose.

"Often wrong, never in doubt"

Some data: http://www.cxoadvisory.com/technical-trading/how-much-can-high-frequency-traders-really-make/ Key finding: # The upper bound of profit available to aggressive high-frequency trading with a 10-second holding period for a set of 6,279 U.S. stocks during 2008 is about $21...

But the definition of "front-running" is at issue here. From the video, all the people who are "against" HFT can claim is that they are faster, not that they can actually get in front of orders. Seems like two different things that need to be distinguished. One is a competitive advantage and the...

I wonder who is more impacted by HFT, among short-term traders, those who use market orders or those who use limit orders? If it those who use market orders, I would say that it is just a reflection of the fact that those traders tend to be less-informed, on average, than other traders, as was...

I'm actually running an experiment much like this. In a year, I'll let you know how far I've gotten. The main difference is that I'm not day-trading, defined as being flat at the end of each RTH session. When I get into a trade, I never know how long I will hold it. I've got a very specific...