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LU moves when the futures move.

He might have scaled out --not sure. That guy is in a different room than I am in. He trades with LU with the S&P's so during a huge rally he will get in and hold for a few seconds then dump his position when the rally slows down. If the market goes into a freefall he has a huge...

I know that Brad is one of the guest speakers at some of the seminars that they do but I can't give an opinion of what he says as I haven't attended the seminar when he spoke. Robert Tharp

Yes I still lost money..... But I am consistent now. There is a learning curve. I lost money for a lot of other reasons other than my knowledge of the market. What I really needed to discover was myself. I have spent thousands on myself for a self discovery process. It took me a...

Hey if you have questions about Dr. Tharp, or Brian June please address them to me. I am VERY active on this board and have worked with both of them heavily. Thanks Robert Tharp

I know a guy who was on the Board of the NFA the fine wasn't $12,000 it was over $200,000. He is even lying on his site. He was fined due to running a hedge fund that had losses of over 50% while at the exact same time he had a return of over 1000% and advertised that...

There is a trader at my firm who only trades Lucent --LU He trades in lots of 9700 shares. (10,000 shares are considered block trades and get attention he doesn't want) His cost is less than .0025 When he is right he makes .08 on 9700 to 30,000 shares when he is wrong he...

Gee.... I leave my computer for a few days and a thread like this pops up. (Went to Green Bay for Playoff game) Don Brian June co-authored a book called Financial Freedom Through Electronic Daytrading with my father. He was one of the graduates of my father's programs. When...

One thing to think about here is if I want to buy at 50.65 and sell at 53.35 and the specialist opens the stock at 48.5 He gapped it past my entry signal and I'm long at 48.5 not 50.65. There are quite a few stocks that open up and immeadiately run the opposite...

No retail firms allow this. (to my knowledge) It also requires entering a short and a buy for the exact same time. This is one of the powers of professional margin as many orders can be sitting in the market place all at the same time which use up a lot of buying power...

Yep that covers it pretty close. Except I use a + or - 2% . .5% is too close and I prefer having fewer fills but a higher % of winners. or if you meant to say 5% than you will have almost no fills as the specialist to inform the public before gapping a certain %. THERE MUST...

http://www.nasdaqtrader.com/Trader/News/2001/headtraderalerts/hta2001-157a.pdf Robert Tharp

For most trading yes it wouldn't make a difference. I wouldn't bother for most strategies. If you are doing any sort of Fair Value Opening Orders than .10 can be a lot on 2000 shares. --$200 You need to program in the exact prices of where program trading should be buying and...

A simple way of explaining F value and think about the stocks in the S&P 500 are all worth a % of the index. When a stock is lower than it's value of the index /program trading/arbitrage buys the stock and sells the index to make up the difference and bring the stock back to it's...

http://programtrading.com/buysell.htm http://www.patterntrading.com/fairvalue.htm These 2 sites have fair value. There are some good explanations of the site. the program trading site includes clearing costs, any normal slippage on executions of stocks, and the effect...

The Chicago Mercantile Exchange has a free publication called How to Become a CTA . Not sure if you are looking for a hedge fund of futures , equities or both. That little book is free and a great read. Call the CME and they can mail you a free copy Robert Tharp

Now I'll throw in a few things --but they have nothing to do with my firm as I'll stay on topic. I manage an office now for a professional firm. I also know a few hedge fund managers, CTA's and RIA's so I think I can add to this thread a few ideas. Someone else is saying you must trade at...

Professional and Proprietary firms will allow overnight as long as there is some capital in the account. It would depend on the the trader and the situation for exact #'s.

nice post Robert Tharp