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SCALA is the way! Ingenious melding of Java, C, VB and even Prolog! Check it out! http://www.scala-lang.org/ It's free open source truly OOL!. Just a thing of beauty!

“The aggregate effect of shared mental biases and imitation results in patterns of behavior, which while they are nonconsistent with Mr. Spock-like, rational decision making or with informational efficiency, are demonstrably systematic. The market equivalent of these behavioral patterns is...

Well said! Here is Dr. Howard Moskowitz site. He knows better than anyone else about the role psychology plays in our decision making. Check out his videos and read his books. You should see that logic has very little to do with our decision making; it's all about psychology...

I am a quant. I have not spent much time on the pits (only as my research activity at CME in 90s). However, I trade hands on every day.

Who cares what she says! If you still have her around you are blessed! I learned to enjoy my wife's remarks and her little theories of "why we will have an up day tomorrow" :D . It's the part of my daily entertainment. She loves what I do and I love that she has no clue what it is! Life is...

I am 55 this year. I have been trading non-stop for 18 years (except the time I spent in the hospitals). I can tell you that like a good wine you are getting better with age. Day trading or any other trading makes you to watch markets all the time. However, you get more pleasure from making 5 -...

LOL!! :D Excellent sense of humor!

This is difficult. Unless I describe the exact strategy I don't know how to illustrate my point. And yes, I was trading non-stop during the latest drop the same way as I did in 2008. You are correct, I am using synthetics (not the simple straddles or strangles or butterflies etc.). I use super...

I use it for delta compensation techniques, not for delta bets. There is meat there that I believe many have overlooked.

I did not say it's new. I just find it useful

Yes, I know. I have researched it to death. Since then I started to implement the "skewness" (Kurtosis) as my tool to offset Delta and Vega in my option strategies. It is the fastest indicator to cope with gamma in my opinion. The Vega compensation is a big trick though.

http://www2.owen.vanderbilt.edu/nick.bollen/themes/asx1.pdf

I am not talking about a discretionary strategy. What I meant is a predetermined static option construct that gets triggered by some indicator such as Kurtosis or a similar market trigger.

It all boils down to the Sharpe ratio of your option strategy.

When selling options you are making a little money most of the times. However, you lose huge amounts once in a while. You could also buy options and bleed every month until you score big and pay for all the previous months losses. Overall, like anything else on the markets short options is just...

EXTREMELY well said!!! I am very delighted that brains are still alive on this site! Very well said indeed! If you don't mind I would like to ask your permission to quote you in some of my debates. Cheers, MAESTRO

Thank you! This tool is not new at all. People at ET asked me for years to get the access to the methodology I developed over the years. My company finally decided to allow a limited access to our proprietary tool through the minimum monthly fee. I always said that the tool is not for everyone...

You are new here and probably don't know me. So, before you say something like that you should check who you are talking to. People know me here; and they know that I have never pushed anything. If you don't need help just ignore my post. But assuming things is not going to get you anywhere...

I am convinced that by using bid/ask pressure gauges anybody could get better results than using TA. I have been doing it for 18+ years and was able to help to quite a few traders to get firmly on their feet. Charts are deceiving, intimidating and lagging. Our in-house traders are not even...

Thanks. I finally got around making it public. We have been using it for 10+ years internally. We are going to put some more video materials soon. I hope you'll like it.