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I have been known to say, 'Help me, I'm a scalper!' Or, "Hi, I'm Chasinfla. I'm a s--s--s---s--a---sssscc-c-c-calp-p-p-er."

The timing of it all made me come to that conclusion. It's taught me whole new level of respect for the charts.

If I knew I could get done on ISLD, I'd never send an order to the floor again!

other uncanny things...short MO before had news hits...long MERQ before a wild spike to the upside... Fortune favors the bold.

he's amazing.

I don't know about Tharp, but Ralph Vince wrote Portfolio Management Formulas, the definitive work on optimal bet size. He explains the logic, derives the formulas, and provides spreadsheet and BASIC logic.

:eek: "Gekko!" (from the movie) hmmm, couldn't get the font to shrink... My favorite Gekko line: "That's the thing about WASPS. They love animals, but hate people."

I guess all I'm saying is that randomness is nothing to be afraid of, but dealt with intelligently (which, of course, leaves me at a substantial disadvantage.)

Right. In the mean time, trends happen in the midst of 'randomness.' It's all random. And it works.

I have a feeling he might be busy with his futures stuff.

I mistakenly deleted this from my post. These charts clearly show that purely random events (50/50 propositions) can aggregate into 'trends' (which is how most traders define 'non-randomness'). Charted are the winnings of a coin toss game. Incidentally, a strong case is made for...

I was afraid someone was going to force me to be more articulate about this....(If you're looking for sophistication, you've come to the wrong place. The derivation of that word is very telling.) I took the DM contract (this goes back a decade or so). I figured the percentage of time the...

exactly. I think the edge God gave man is his free will.

define 'short term.' 60 min, 30, 10, 50, 1, tick? I have done studies that have shown that the shorter the time frame, the less 'trendy,' the more random, price action can be. But it's relative, in a sense. How much less trendy is a 10 year chart from a 5 year, a five from a 1, a 1 from a...

this is flat not true. I promise.

The existence of profitable daytraders answers the question. Also, random series run in streaks, and so it is possible to profit on them. Who knows, the entire history of the Dow might be one, long, streak in a random process. It's not worth worrying about. To my knowledge, the definition...

ever notice it's always the other guy who blows up? No one on this board will <i>ever</i> blow up.

the intc effect.

When I traded ISI, it was their rep that called the floor and complained for me. That hardly ever results in any execution improvement -- at least it hasnt for me once in two years. But I don't complain too much (to them, anyway). Some guys called up once a day or more. I think they're too...

comments taken as a warning. I noticed some rosy talk from TXN and MOT this am....really hype stuff. I wonder if they were trying to prop up the market...