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Oh yeah, this is how I want someone to run my money. As far as I have read, Buffet started with doing arbitrage (no risk!). He said that if he only had a couple of 100M he would have no problems finding opportunities, but as AUM grew, he had to move on.

Is that why you can't backtest it or automate (if you wanted to)?

Oh sure ... I thought it's some well known term, but couldn't find online. My guess was Price+Time+Volume+Cycle :)

What does that mean?

I don't think so. Good money management should. As far as I am concerned, we are trading randomness. Of course people like Buffet have the size/power to stabilize/control outcomes. But us, little folks, we got to cover our asses at all times, imho.

@TTT, lots of strategies sound good in theory, but don't deliver in practice. I found no edge in swing trading other than "rising tide lifts all boats" I found it very difficult to do money management because most stocks triggered at the same time (during market pullbacks or over-reactions)...

Kind of a double edged sword, don't you think?

I don't understand, you were able to do market making using IB? Don't you need HFT type of set up for this? Did you use some professional/customized version of the software?

2 decades a bit more significant ... I am going to stand back :)

I agree. Imagine you are MM and you see price going towards high, why would you offer heavily one tick above the high if you expect flood of buy orders? So naturally, the offers may start thinning out ... The buy orders sweep a couple of levels and fizzle out ... oh oh.

This is quite hot topic here on ET, so I wanted to ask ... For a person who is sophisticated enough to make markets, why does it take 7 years to figure out that mentor is fake? I think I know enough about markets to call bull shit within a week.

I am not arguing against your system in particular, but two years is not long time and most likely during same regime. Probability of coin flip is 50/50, but it doesn't mean you will get a head afer a tail. I agree with @iccenuol, the only thing we can control is our actions, the rest is up to...

I appreciate your kind words. Unfortunately(or fortunately), I have not proven to myself yet that I am not "Idiot #2 : The Gambler." I just said to myself ... F@#$! it, I am going for it slow and as steady as possible ... no regrets.

Agreed ... As long as you understand that you are still guessing and ready to accept being wrong on this particular instance.

I always thought that Futures markets have more sophisticated participants compared to equities. I guess that's not the case anymore as technology leveled the playing field.

My pleasure. Let's say you are one of the below "idiots" (myself included) http://traderfeed.blogspot.com/2006/11/three-market-idiots.html?m=1 You want to quit your sucky/limiting job/place and gain freedom! https://goo.gl/images/XVLVfW What do you need? You need to be able to earn enough...

No one can give you definitive answer. My guess it is both ... Sometimes manipulated but sometimes natural based on collective market participants' psychology. To me, this IS the power of TA, not the squiggly lines on your chart, but collective psychology at work. Everyone is seeing more or...

My understanding is that this is HFT outlet in the crypto space. I bet this youngster either one of the newly minted crypto billionaires or son of one.

Yes I agree with all you said. I wanted to share this little tidbit. I was attending Rande Powell (trading psychologist) webinar and he was talking about Alphas vs Betas in trading. Someone asked which personality has more difficulty adjusting to trading. He said that Alphas often give up...