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    Typing Error Causes $3.5 Billion Trade for Company valued at $93 Million

    Hey Freddy, did it bum you out when you had to stop using the word "colored" too? :D
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    What are the advantages of tick charts ?

    None for me; pace is key for the way I see things and that is what you lose with tick/vol charts.
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    IB Suggestions & Improvements

    The change to market hotkey is nice, but I'm wondering why the pending orders page does not show what trade is still actually open. When you use the change to market function, all you see is a market order "pending" for you to transmit; however, the limit or stop order that you've converted to...
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    too much emphasis on defense in trading

    Was going to start a new thread, but I guess this one is close enough. Here's a quote: "One trader . . . always struck me as a brilliant trader. The ideas he came up with were wonderful; the markets he picked were often the right markets. Intellectually, he knew markets much better than I...
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    consistent p/l above 500?

    You must look at the nature of your edge. For most traders, any consistent figure per day (mode rather than mean) is a luxury they really shouldn't bother pursuing. Maybe the nature of your edge means more of a stair-step profile of equity, rather than a smooth curve. If so, get used to it...
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    Predicting randomness

    Dynamic implies continual change, primarily in context of supply/demand and how price is affected; random implies an equal chance of any outcome, no matter the context. One implies opportunities for placing trades, if the context of movement, however small a time frame, is known to the trader...
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    Scalping Euro Futures

    The problem with this route is that reducing our targets doesn't necessarily lower risk -- what happens is that we start to jump after every move because they fit within our typical profit targets, and our selectivity skills begin to wane.
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    Predicting randomness

    Please replace the word "random" with "dynamic", if that is what you really mean by "random" -- it's very annoying to keep reading that term in the context in which you place it. Whatever it is you say "most of us can" take advantage of, it isn't randomness by definition.
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    the basic flaws in TA

    Some people just can't paint realistically, so they turn to abstraction to express themselves -- TA is the painting equivalent of form-based abstraction. Those of us without enough salient information about supply and demand in whichever market we are trading have no choice but to turn to more...
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    How much out of sample testing is enough?

    A bigger sample will just give you more excuses to keep trading something that doesn't work anymore -- another way to look at things :)
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    Mexico 28-day T-bill = 8.6% Ann Yield

    That's like saying why invest in some Wilshire 5000 fund when you can be 100% margined in GOOG and hedge intraday with Q's. Sell a few DNA collars each month while your at it to kick it up another notch . . . :D
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    Find your category

    400 pips/contract? Congrats on compounding 50% or so each month then, you should be retired on your own private island in a couple years. :)
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    Most volatile stock/futures/forex/... instrument to daytrade?

    EUR futures are plenty volatile enough for the depth of market offerred, spread is one tick for most of the day. If it don't move fast enough for you, just turn up your size :) You will likely be paying 5+ticks/round trip on the thinner currencies.
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    Find your category

    Shift your decimal place one to the left and that might be somewhat more realistic. But seriously, the progression would start with 1) Wondering how many pips one should make per day/per month/per year. When you realize that's not really the question that matters, then you've made some...
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    Divergence in housing?

    Don't knock flushing, has the best collection of chinese food in the entire metropolitan area (and probably eastern seaboard). Where the food is, the people are, and chinese are only getting richer (just survivor bias but out of 1.3bil) :)
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    Misinformation and CNBC

    Just curious: is there any specific law against the spread of misinformation, even in fictional media? Take a movie like Silence of the Lambs. For an audience, Jodie Foster's character is the "good" protaganist; every factual statement out of her mouth is eminently believable. So if the...
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    What is the Fed Smoking?

    The world is awash with liquidity with nowhere to go. This is a deflationary warning as there is no better place for the capital to be put to work but in the safety of fixed income. Sure, let the energy and commodity inputs double or triple in the next decade; virtually endless Chinese and...
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    the basic flaws in TA

    Just go re-read Kovner's interview in Market Wizards. Here's a bit: "Technical analysis, I think, has a great deal that is right and a great deal that is mumbo jumbo. . . There is a great deal of hype attached to technical analysis by some technicians who claim that it predicts the future...
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    the basic flaws in TA

    What is the difference between trendfollowing and "statistics"-following? Aren't they both from the school of what-has-happened-before-will-happen-again trading? Doing a trade because it's worked the last nine times -- what's the difference between that and buying because it's gone up the last...
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    Predicting randomness

    I was just curious how you connected a dynamic, non-static view of the market with randomness in the first place. I was all set to give a long-winded diatribe on the futility of statistical reliability (along with all other "technical" analyses) in a dynamic system before I read your last...
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