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Second that! Interesting enough, I also have started trading in 1992. Must be a good year! :) Cheers, MAESTRO

That's great! Thank you!

I agree 100%, however, he is curious and I feel that right education could help him at the beginning.

Yes, I got that, thank you though!

I see. No, it is not what I am prepared to do. I only was hopeful to point him in the right direction. What I do for living is not suitable for him; may be even harmful. I am conscious of that. However, I do not see any harm in exploring the possibility. I just have no idea what people are using...

I am not sure what you mean exactly. I am the first one to admit that I am not a good teacher for a beginner.

Thanks. Very insightful! I think what he wants to do first is to understand whether it is for him or not.

I tried to talk him out of it, however, he wants to try! I need to help him not to get hurt too much!

Excellent idea! Thank you!!!

Dear all. A friend of mine who is around 50 years old has asked me to help him. He is a software/electronics engineer in one of the largest US corporations. He is looking to retire and wants to learn the Futures Trading business. He asked me to give him the list of sources (books, articles...

This would be a good start: http://online.redwoods.cc.ca.us/instruct/darnold/laproj/fall98/skymeg/proj.pdf Cheers, MAESTRO

My very first degree was in electrical engineering and I have 16 different nationalities evenly spread through my blood. My predecessors were players, I guess. However, there is no Italian blood in me. Oh, well, you cannot have them all .... :D

Just to answer the original question: "Do you see patterns in Random Walks?" Yes, of course. Everybody does. The same way we see a dog head in the pattern of clouds or mystical figures in some rock formations. The whole evolution process of us as species is based on our abilities to "see"...

Good question! Yes, simple averages and some other linear interpolators become useless in the environment with the constantly changing distribution. Some higher degree polynomials are needed in this case. As you know, I am a big fan of cubic splines. They have remarkable properties that are...

Thank you so much!!!! Yes, it has been three long years! But, I guess I will be kicking for some more years! Good to be back! Thank you! Cheers, MAESTRO

That is only true in case of a static mean. Dynamic means can be designed to "guarantee" the cross.

Markets are like chess. There is not just one winning strategy that is a "holy Grail"; there are unlimited number of possible successful strategies that produce good results. Your approach may very well create a winning strategy. I personally feel that Log-normal distribution is too simplistic...

We do not welcome Flash Crashes because at those times there are other factors other than simple price action and book behavior are in play. However, we are well prepared for them.

If at any time (including the crash) you were able to spot the situation where the second derivative of the mean (acceleration) is significantly less than the acceleration of the price you have an ability for RTM. We were doing very well during the flash crash and in the recent weeks. However...

Two or more stochastic processes could be well correlated. The product of those two processes creates a third one that has less mean deviation than the original two if the correlation is positive. Arbitrage is based on the notion of reduced volatility of that "synthetic" security created via...