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  1. kut2k2

    Do serial killers have death wishes?

    It seems some serial killers want to get caught. Or they really like playing with fire. On Saturday, 1%er and suspected triple-killer Robert Durst of NYC's famous Durst real-estate family was arrested in New Orleans to be extradicted to Los Angeles on a murder charge. Durst's story is so...
  2. kut2k2

    Why Do We Trade? For Real.

    Bullshit. Gates had a modicum of technical skill but he mostly got incredibly lucky. His company had just purchased a new disk operating system called Quick and Dirty DOS; the name alone tells you we're not talking a top of the line program here. Meanwhile IBM had finally noticed the profit...
  3. kut2k2

    The following needs no introduction ;)

    Egotism. "Yo, peasants, Tyler Stone is here. Be in awe." Yawn. Anybody else voting to move this waste of bandwidth to Chit Chat?
  4. kut2k2

    The Best Trading Proverbs

    He who knows not and knows not that he knows not: he is a fool. Shun him. He who knows not and knows that he knows not: he is ignorant. Teach him. He who knows and knows not that he knows: he is asleep. Wake him. He who knows and knows that he knows: he is wise. Follow him. -- Arabic...
  5. kut2k2

    Why Do We Trade? For Real.

    Seriously, why does it matter? What does somebody else's motivation have to do with why *you* trade?
  6. kut2k2

    Best Market Model: Geometric Brownian Motion?

    The real question is, what strategy does your model lead to? Seems to me EMH just leads to coin flips, which is unacceptable for trading.
  7. kut2k2

    Post of the Month

    People have posted parts of edges here. I've done so myself. But apparently "some assembly required" is all it takes to stop most here dead in their tracks.
  8. kut2k2

    Post of the Month

    Those who can and sometimes do here always get accused of being liars or scammers, so why bother? This place is largely the exact opposite of a group of elite traders, not just in experience but in basic attitudes. And here we have it. You're looking for a hand-out, not a hand up. So typical...
  9. kut2k2

    The fallacy of "continuous Kelly"

    Your numbers are wrong. And mu/sigma is the Sharpe ratio, which, besides being a crappy performance metric, has buggerall to do with position sizing.
  10. kut2k2

    The fallacy of "continuous Kelly"

    The CK formula is not correct. It is in fact an approximation of an approximation. The approximation I developed in the "Kelly for traders" thread listed below is exactly equivalent to k ~ mu/( sigma^2 + mu^2 ) If we assume that sigma >> mu, we get Thorp's approximation: CK == mu/sigma^2 ...
  11. kut2k2

    Do I need a License to teach tech analysis ?

    What's the critical thing missing from almost every TA book and probably every trading course for sale? Performance data. Aka evidence that the stuff being taught actually works. The reason for no performance data: the thicker the book or the longer the trading course, the bigger the price...
  12. kut2k2

    American Greed's 100th episode

    The 100th episode was pretty good. They profiled Barry Minkow, who it turns out is a bigger POS than I thought. I knew about his ZZZZ Best corporate scam. Amusing how he got brought down by not paying off the debts he owed, about $10K, despite getting about $15 million from his IPO based on his...
  13. kut2k2

    "Marketsurfer is correct: There is no Trends!" --- There are only Turns!

    Nobody else remotely defines a trend that way. You might ask yourself why that is.
  14. kut2k2

    American Greed's 100th episode

    Airs tonight at 10pm Eastern on CNBC. http://www.robertfeder.com/2015/02/18/bill-kurtis-for-us-greed-has-been-good/
  15. kut2k2

    That “One Trade”…that changed your Life F-o-r-e-v-e-r

    Oops! Sorry, I wasn't criticizing, just making an observation. I also apologize for not contributing to the thread topic.
  16. kut2k2

    That “One Trade”…that changed your Life F-o-r-e-v-e-r

    Fascinating how ET threads can change character. All it takes is one random word to throw things in a very different direction. Ironically, the random word in this case is "random". Fortunately this is one of those all-too-rare times where the off-topic discussion is at least as informative as...
  17. kut2k2

    Werewolf Hedge Fund Manager Fakes Death Defrauds Clients

    Piker couldn't even scam a full million. LOL! Does he even qualify for American Greed series? :p
  18. kut2k2

    Is a demo account waste of time?

    Evidence that it's worth implementing. If a strategy under consideration fails its backtest(s), then there's no point in wasting more time on it. What did you think backtests were for?
  19. kut2k2

    Something a trader should never do

    If all you want to do is buy and hold, no need to be here or any other trading forum. Presumably you're looking for something better than b&h. Which was my point. The simplest strategies won't get you there.
  20. kut2k2

    Is a demo account waste of time?

    Since when is a backtest not evidence? The guy gave full disclosure, both his data set and his strategy. Like a good science experiment, it's reproducible. Those who wish to disprove it have all the information they need to do so.
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