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  1. MAESTRO

    Save capitalism from the banks - Nassim Taleb

    Do you know exactly when?
  2. MAESTRO

    Save capitalism from the banks - Nassim Taleb

    I have met with the guy and had a chance to pick his brain. He is not only a GENIUS, he is a very delightful person. His views are clear and razor sharp! I always consider him "the best head" in our business. Listen very closely to what he has to say; usually he is bang on!
  3. MAESTRO

    Do you own gold as a hedge against economic disaster?

    I own Gas, but I am taking pills to reduce it :D
  4. MAESTRO

    How Do Options Make Predictions?

    I am.
  5. MAESTRO

    Do You Think Trading is Gambling?

    It was the "end-of-the-tough-day" joke, of course. :)
  6. MAESTRO

    Options Order Transmission on IB API

    I have been running their API for at least 10 years. I know every corner of it :D
  7. MAESTRO

    Do You Think Trading is Gambling?

    Investing is what you do when you are so dumb that you are not capable either to trade or gamble! :cool:
  8. MAESTRO

    Options Order Transmission on IB API

    I transmit my FOP orders through API every day. There is no confirmation needed. It's their bug. Trust me.
  9. MAESTRO

    Options Order Transmission on IB API

    No, its not it. There is a bug in one of their TWS versions that does it. I use version 887.2 that does not do it. Call their API support and they should direct you to the version that does not have this bug.
  10. MAESTRO

    Has Elite Trader "jumped the shark?"

    It's like an old shoe: it's ugly but very familiar and predictable. Yes, I would like to buy a new pair and get rid of that smelly, old wreck but getting used to the new ones is too much work and pain! ET is still OK in some parts and I don't really know where to turn if I quit here. I donno...
  11. MAESTRO

    How Do Options Make Predictions?

    Watch this: http://www.ted.com:80/index.php/talks/steven_strogatz_on_sync.html
  12. MAESTRO

    Do You Think Trading is Gambling?

    It's irrelevant. The purpose of this thread is to encourage people to study probabilities, statistical logic and the "signs" of the BIAS in the markets. On the end it does not matter what do we call it. If some of us still prefer "gambling" I have no objections, but I hope that some truly...
  13. MAESTRO

    Do You Think Trading is Gambling?

    ABSOLUTELY!!! That is the ultimate answer to the topic of this thread!
  14. MAESTRO

    Do You Think Trading is Gambling?

    YES!!!!
  15. MAESTRO

    Do You Think Trading is Gambling?

    The Monty Hall paradox is the most elegant example of finding the BIAS i.e. skew in the distribution
  16. MAESTRO

    Do You Think Trading is Gambling?

    Very Good! :D
  17. MAESTRO

    Do You Think Trading is Gambling?

    Of course, it's the Bayes' theorem. That is the clue how one can judge whether there is a bias in the coin or not. The host of this show is the "biased" coin. In trading the information that sometimes is 'Imprinted" in the price, volume, option chains etc. gives you the insight to use the Bayes'...
  18. MAESTRO

    How Do Options Make Predictions?

    The answer is "YES". The "how" question however is up to you to answer.
  19. MAESTRO

    Do You Think Trading is Gambling?

    Suppose you're on a game show, and you're given the choice of three doors: Behind one door is a car; behind the others, goats. You pick a door, say No. 1, and the host, who knows what's behind the doors, opens another door, say No. 3, which has a goat. He then says to you, "Do you want to pick...
  20. MAESTRO

    Do You Think Trading is Gambling?

    I see your point. But may I politely disagree with you. Here is why. If you had a "weighted" coin and the probabilities of heads and tails are skewed let's say 55/45 than each toss you will still not be able to "predict" nor "control" the outcome. But, if you made 1000 tosses and each time you...
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