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He experienced something that other people can't. From experiences, there are lessons learned... other than that... it's what surf writes above... and having the right sales pitch to the investors who will ask about the Amaranth loss and news... I think he'll do good due to most people...

Give the kid a break. We all start somewhere.

It's been over an year since I left Chicago but based on my year old information, just off my head... Goldenberg Heymeyer Transmarket Group Kingstree REFCO (Man Fin. ... MAC Trading... I'm really not sure how they are doing with the bankruptcy and etc.) ... had some ND guys trading well...

Use your Alumni connection, especially in Chicago... It is very strong in alot of firms, and it will help you get your foot inside the door. From my limited experience, I tend to see more ND guys who are hooked on sportbetting... losing more in that, than trading... just watch out for...

One line code slower... if (OrderPrice >= BidPrice) Limit order is a nano second slower. :p

If MarkBrown is THE MARK BROWN that would become an understatement. It's not my style to reference other people's words but for ETers who don't know who he is... THE MARK BROWN's posts in other forum has been studied and respected by professional system developers. Acrary(being the ET...

I just get a feeling you need to be more strict with your system assesment. I'm guessing from your requests that you're still in the newbie stage of development. Here's a few questions: 1. How much slippage did you include in your tests? If you're going to tell me that slippage rarely...

1. Define AI. Can you be a bit specific? If you are talking about "pure NN", everyone around me laughs at it. 2. Whether it be NN, GA or etc., it's a tool and very much viable as an algorithm., used part of a process.

1. If you are able to test a trading system correctly, you would have the ability to actually setup an in-house automation system. 2. The fact that you are asking a question like above shows that you are not ready to put a system in live conditions. 3. My suggestion is to stay away...

Nothing new. Floor has been bleeding since the dawn of electronic markets.

I've been saying this over and over again... The failure in any business comes from incompetency of the skills required and the experience required to succeed as a business. I can say that 99% of the existing system traders don't have the required skills to trade a system... First and...

Well, it's been over an year since I started my hedge fund. My capital is sufficient and doing well, thanks to all the informative posts in ET. I'm now getting an offer to work for a funds of fund. First, they're a client I have right now. What they want is to takeover my current...

An edge taken from a HFT-timeframe is very viable, as mentioned previously. Though, it is vulnerable to changing markets and others. Unfortunately, I can see from previous posts that most traders are under-capitalized and they are required to take more risk than they should be in portfolio...

Depends on your trading strategy and execution style. Realtick or broker's quote.

CTAs (pre-hedge funds) are usually looking for specific skillset if it's a permanent hire. They need a C++ programmer, they look for one. They want a compliance officer, they look for one. They want to get a Ph.D. to perk their fund profile, they look for one. I haven't heard much about...

GF. 1/2 the time, it feels like a job.

This thread is sounding like whether Technical analysis works or not. It's a simple liguistic difference. Let's say I give 3 people the same trading system. I don't care whether or not they make money. I ask them what they think of of the system and they tell me the following: "I...

I'll bet you your # of posts will quadruple, one month into your job. Regardless of the actual circumstances, congrats to you. The real survival starts now.

Being in the hedge fund industry, I have to agree. Whether it be by the market or by regulations, you'll see a shake up.

I like to travel.