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"The counterargument to what you're saying is if mutual funds continue to produce poor/nil/negative returns." Even if this will be the case, how much AUM they can lose? 10, 15, 25%? Still a lot $ to manage and charge. However, I guess we'll all agree that mutual funds will lose their...

Disagree. It won't happen. Trading skills are important only for individual traders and prop firms. Skills & intelligence alone, without things like top-education, good image/charisma, connections are worthless when it comes to institutional world (mutual, hedge funds, asset mgmt, ibanks etc.)...

Marketing. Customers buy things and services they don't really need. It's a huge part of every developed economy. Many companies are selling dreams, visions, promises of a better life, not the products or services. People buy illusions. Narcotics, alcohol, cigarettes addictions. Same thing...

Hey LongShot, you're shocked why people believe such nonsense as religion. But let me tell you this: you and other chit-chaters (axeman, stu, art aka optional) are doing a similar thing. These never-ending, point-less discussions about god doesn't make any sense. You don't want to discover the...

Hmmm... did anyone tried to backtest and optimize a system on 5 years of 5-min data with WL? How much time does it take, assuming that system is simple with ~2 - 5 parameters?

I guess James Altucher would disagree with you. Read the interview http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/getpage?page=Articles/Altucher.htm Yes, WLD is slow. If you want to work with large amount of high frequency data try amibroker.

Really? Who is truly looking for trading strategies? I haven't seen anyone yet. Please define: - "truly makes money" - "consistency" - does it have to make new equity peak every week, month, quarter, year?

woooh i'm frightened :D

we're all ears

200 million dollars :eek: Why don't you spend $500 to buy more data? What level of commissions & slippage costs are included in your tests?

www.boconcept.com

Sure. elitetrader.com :p

Here's a company which develops econometric models http://www.ht-ag.com/ Go to "trading area" > "performance chart". Commissions for non-eurex members can eat up to 12% of their strategy profits. Company states that there won't be any slippage. Substracting 1 tick per round turn would result in...

Eurostoxx hits 1M; 1,006,000 contracts DAX 203,000 at 5:30 pm CET, 2.5 hours to session close. Bund 1,241,000

http://msnbc.msn.com/id/4379905/ scary stuff :eek:

I had a great time watching "Lost in Translation". Two people lost in giant city, exotic culture, language, lost in their relationships and careers, who treat positions they're in with a bit of irony, fun and distance. Subtle erotic friendship between man and woman in lights and spirit of Tokyo...

You won't hear any professor saying to his students: "OK folks now you know all the theories. But when you'll start to work at the real trading desks you're likely to shit yourselves" LOL

"I have one guy who was a Ph.D. in finance. We don't hire people from business schools, we don't hire people from Wall Street, says Simons. We hire people who have done good science". Source: http://ljsavage.wharton.upenn.edu/~cengiz/Finance/jim_simons.pdf , page 2. Even more...

http://www.liquidgeneration.com/poptoons/saddam_outkast.asp

hehe where're bubba and scientist? :D