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    Where/How to trade in the pit?

    I would usually call the floor/broker for a quote... Old School "discount brokers" did it... dunno about IB...
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    Stats on Bright Trading

    The model was done everywhere around, not only Worldco. Group trading was around too, it's been a while so I apologize if I'm wrong... but Schonfeld inclined to the group model where there were quants in the back, forwarding potential trades to traders in the firm. Of course, there were...
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    Milton Friedman dies

    Wow! Chicago will miss you. Regards,
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    Stats on Bright Trading

    Well, I've been through most sides of retail traders. - I started on my own. Busted my account twice. - Then moved to prop. firm. Made money and used most of it up with sex, drug, and alcohol. - Started working with hedge funds, as a 3rd party contract developing trading systems...
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    Spread Fixed or Varaible?

    1. Trade with an ECN. For avoiding potential dealing desk operation. 2. Fixed spread makes calculating execution risks easier. 3. Retail traders are going to be screwed no matter what, compared to institutional traders. (in Forex)
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    Stats on Bright Trading

    No matter what figures Don gives... 95+% will fit into the xx% failure rate which Don may provide. So there's really no point of mentioning it, and it's irrelevant. Especially, with the fact that you care about how others trade and expect to be "taught"....
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    Magic Money Management Formula

    There's a difference between curve-fitting the equity curve and money management. All previous posts are still talking about curve-fitting. Position sizing is based on controlling risk, and without understanding / assessing risk... there's no point... Discussions on static...
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    Will an AI course help me with trading?

    As of this writing, 100% AI or expert systems will simply lead to curve fitting the markets. With any tool, more sophisticated it becomes, more responsibility is required to control it. If you can't make a profit trading with systems developed by Tradestation, Wealth-Lab or Excel you...
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    Portfolio backtesting

    All optimizations are the same, other than speed. It's about the Fitness.
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    Updated List of Good Prop Firms in Los Angeles

    Used to trade there like 5 years ago when it was Andover and had a great memories... I am biased but I give 2 thumbs up...
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    Office space in Chicago-- Anyone rent?

    Clearing firms and brokers can offer you some office space. (desk or room) It's good to work in the MERC or BOT for networking too... Start off with majors and get rates. I had an office with Fortis and Kottke... $300ish a month for a room (Basic internet, electicity, etc. etc. included)
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    EasyLanguage

    If marketposition <> 0 then TradeCount = TradeCount + 1; You're adding a value on each bar when a position is open.
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    Magic Money Management Formula

    99.999% curve fit.
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    Gann Theory Chat

    I'm guessing this can lead to a vendor churn but I'll bite. Question 1... Does the key to what you call a revelation relate to I-Ching or Kaballah? Question 2... Give me a numeric metaphor to subjectively prove the connections between I-Ching, Kaballistic Astrology and Gann-style...
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    ET traders fully automated

    Sharpe is not exactly the best measure for systems.
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    Market Orders in Forex

    Make sure it's non-broker invention...
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    ET a porn site? Who trader buys the next shooting?

    Maybe it's a gay site... There's a bunch of guys whining and crying about some stupid stuff... :) :) :) :p
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    ET traders fully automated

    Automated via in-house platform written in C# and FIX. I got it done just recently on my own using QuickFIX - MSSQL. :) :) :)
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    Poll: Choose between 2 traders

    I'll just hire both of them.
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    Gann Theory Chat

    I got rid of most of the Gann stuff when I moved out of Chicago. My advice studying Gann? If you analyze the market, it's great. If you trade the market, it's not necessary.
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