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    Use random walk to make $$$

    Obviously :) Another good example is that if you take 1000 coins and flip them, each time removing every coin that comes up tails, eventually you might have a coin that turned heards 10 or 11 or more times in a row. That fact does not change the odds of the next toss, although it seems like a...
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    What Do You Want In A Trading Room

    No, it wouldnt be. All i planned on doing was making ONE SINGLE post, then I have people attacking me and telling me I dont know what I'm talking about. Had that not occured I'd have one single post on here. But you guys trying to tell me what clients really want, and what will really convert...
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    What Do You Want In A Trading Room

    Actually my experiance as a vendor lasted until 2005 :)
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    What Do You Want In A Trading Room

    What you hear from people on ET and what actually converts revenue to your business are two entirely different things.
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    Workers In Tennessee Forced To Take Muslim Holiday Instead Of Labor Day

    Well, if most of the workers there are Muslim (700 out of 1200 looks like a clear majority to me) I don't see why accomadating them for ONE SINGLE HOLIDAY has you all up in a bugaboo.
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    What Do You Want In A Trading Room

    I'm really not trying to get into an arguement with you here, and I'm starting to feel like I'm wasting him time. Let me say though that if all I provided was "what I thought customers wanted, not what they actually want" I would not have had a successful business. As it was I had a very...
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    What Do You Want In A Trading Room

    tah dah!!!
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    Use random walk to make $$$

    No, I dont mean a sideways market. The market can be just as random in a trend as it can be unrandom when its moving sideways.
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    What Do You Want In A Trading Room

    Your talking about what YOU want from a service. I'm talking about what actually works, what you is profitable and whats not a waste of time for the vendor. Again, if you want to go out and start a site, if you do better than I did then your more than welcome to critique what I have said. I'm...
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    Use random walk to make $$$

    That's what I said. It spends the majority of its time being random, but sometimes its not. But life can be like that as well. My dad was in Vietnam in 1971 and the guy immediatly next to him stepped on a landmine, he lost his entire leg and my dad was ok. Another time his tent was mortared but...
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    Use random walk to make $$$

    I lost money over and over and over again until I accepted the fact that the markets are mostly random. In the end what it comes down to is this, the markets are a lot more random than most traders hope they are or want to believe they are, but at the same time the markets are also not as random...
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    NYC Traders--Gil Morales Speaks Wednesday

    Why did he get banned this time?
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    anyone know why utilities have been getting slaughtered?

    I dont think i implied we are in for a rate hike tomorrow, and I know I did not mean to. I dont really think this fed has the balls to do anything but offer short term fixxes.
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    anyone know why utilities have been getting slaughtered?

    You should make yourself aware of these types of things. They do not always produce actionable trading opportunities, but they do help you see the bigger picture.
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    Warning!!

    Edit: I read that quickly as "Value" is lurking. So, please forgive me. In any case I'm going to keep the orginal post here, but with the note that Its not a direct reply to you. Good luck with that. You do realize the devistation that past bear markets have produced? In case you don't I'll...
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    anyone know why utilities have been getting slaughtered?

    Typically speaking the utilities are heavy borrows and if the market is anticipating higher interest rates they struggle. Historically they have had a very high degree of accuracy in fortelling higher rates.
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    What Do You Want In A Trading Room

    Also, understand that I myself will not listen to anyone about the market. I don't care who you are and what type of qualifications you have. This is actually what it takes it make it as a trader. Most people signing up for a chatroom can fall into a group of people who are not ever going to...
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    What Do You Want In A Trading Room

    If you go out and start a website, run it for 5 1/2 years like I did and turn profits of over $2,000,000 from a two person operation, then please get back to me. The honest truth of the matter is though that an audited track record does you no good at all. You will get just as many people...
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    trading a big(ger) account

    Well I will put in the caveat here that I have not daytraded the Emini's since mid 2003. At that time I was doing a managed program (which I closed due to my own poor performance when the drawdown hit 12.5%), I was trading 100/150 contracts at a time. My slippage then was purhaps a quarter point...
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    Trading is a Business

    Not only that, but if you decide you want to be a doctor or an attorney you get training from said professionals.
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