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I don't think people understand the true significance of sentiment, that somehow the majority is always wrong. This is a rather naive assumption, observing simply the effect and not the cause, and even then simply observing small moments in time rather than the macro-scale, where trends are...

Ah, but the point is, HOW DO YOU MEASURE IT? But not only that, once you've measured your performance in terms of both returns, risk, etc. how do you go about implementing changes in order to ensure superior performance and increased suriveability, ESPECIALLY if you are a discretionary...

My research into CTAs indicate that, as trend followers, they do well in trending environments when the broad market is at extremes, bull or bear. Mutual funds simply perform on a mediocre level at all times. Hedge funds add differing risk levels from income arbitrage, distressed securities...

Don’t be dense people. A) Download it. It’s a pdf. Do a search on the web, its everywhere. B) CTA – Commodity Trading Advisor; CTAs & hedge fund managers are pretty interchangeable, one is designated for futures and the other equities even though both can and do trade in other markets...

As I pointed out in a thread I started, the best/highest returns were not necessarily indicative of survivors. Measures of performance should not only take into consideration returns (the results of your trading edge and acumen), but also consistency/surviveability via money management...

I was going to post this in Aaron's thread, but I thought this deserved its own thread and was applicable to all of us who are either starting out and trying to survive or veterans looking to refine their returns/technique. Here's an interesting article that I found concerning those CTAs...

Right, but do you find that using out of session data is useful? or harmful? or negligible to your trading? and design? Is it noise or do you find it actually useful?

Do a search for "quant" and "programming." I believe this was discussed in great detail as to the necessary background for would-be quants. Perhaps that might be the field for you.

Here's another question, do you use just regular trading hours for the S&P e-minis? or do you include overnight sessions when backtesting as well as actual trading?

I think my nipples just got hard. If this thing's for real. A trader's library. Speculator heaven. How is pricing for the books? I usually try and go for bulk purchases off of amazon or buy.com with some percentage discount for the most bang for my buck. Are they cheap enough?

Since I am a purely discretionary trader, I never automated or programmed a trading system even though I think I may eventually to compensate for my trading weakness, namely long-term trend following (I work better in a ranging price environment). I am curious though, a common blindness I see...

I seriously looked into income property before I started trading. While I haven't accumulated any (the down payment to which became my trading capital), its definitely in my grand plan of financial independence. The leverage available for real estate makes the leverage on e-mini contracts...

Trends exist in multiple timeframes. To say that the current trend is bearish is to be both correct and incorrect at the same time, unless one specifies the timeframe. Price action cannot and should not be viewed in isolation.

Separate, no futures market depth in eSignal despite integration. Its not exactly an integrated product, you still have both interfaces up.

Its like trading, they go long on strength and short weakness.

Heh, kind of depends on how many contracts one swings, doesn't it? :) Which actually brings to mind a chat I had with some other traders, some report total points made. As in 5 contracts on 2 pts, they made 10 pts. Or the other method of reporting would be to say how many points made per...

I would need harder empirical evidence to use contrarian indicators, like mutual fund money flow and insider buying/selling ratio. Rydex ratio is currently at 0.17, lowest was a couple days ago at 0.14. This is where bears shut up and lay down their bets, not opinions...

Speculative issues like IPOs, secondary offerings, etc. are one way to confirm a bubble's top. People start feeling like they can just print money in the market, now THAT's excessive bullishness. Retail daytraders start coming out of the woodwork. Anyways, currently speculative activity is...

I went light today, made 1.5pts. Half-day Fridays are awesome.

Do a search. New fee structure starting June 03. Better, not necessarily the best in the business, but its good bang for your buck. For futures, its an introductory $2.30/rt then $3.25/rt after 30 days. http://www.mbtrading.com/fees.asp