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Simple formula for a good system: Win/Loss X # of tradable events over the timeframe you choose X Risk / Reward X Scalability ( Number of available Contracts or Stocks that you can trade within the desired timeframe) = Potential Value of the trade opportunity This...

Or Renaissance, D.E Shaw, SAC, Citadel.....

Chewbacca is totally right. I often think these posts about MBA wannabe prop traders are posted by the scam style prop firms themselves so that they can create some appeal amongst clueless University grads and those not in the school system but desiring a job in trading nonetheless. I...

Hound, Are you agnostic on the volatility of the positions too or is that where your edge lies?

I heard Jim Rogers is looking for a newly minted MBA to clean his shoes and drive his kids to school.

Switz those calls and puts (80 call and 65 put) you suggested you might buy are way too far out of the money. I suggested a 70 call and 65 put, though the Market isnt going jump much either way on this news, though people think it might. Remember, I first said +-12% to March Expiration - not...

Im wearing a blindfold. I think the drug is avastin and the stock is DNA and the event is Feb 23rd. +-12% before the open, you might ride 3-5% out intraday. ... The Market I suppose is discounting any price change on the Event. Upside $76 downside $65 to be more specific than +- 12%...

Run a baseball team?

http://www.webcabcomponents.com/Java/api/optfut/index.shtml Haven't tried it. Reasonably priced.

brandon - great idea. What psychological framework do you use when your trading framework starts losing money?

This book is for traders and future traders who want to get past their own psychological limitations. Its basically psychological preparation. The most common characteristics of successful and failing traders are discussed at length in Traders Secrets. I recommend all of Toghraies books...

I see the making of another Tom Cruise movie "The Firm - Part Deux" young buck chasing a piece of french tail gets caught up in a derivatives scam run by the banks own employees, turns into fall guy to protect his mistress.... Could work

Mizhael, there is a book you need to buy right away "The winning edge 2" by Andrienne Toghraie. Professionally, she is trained in NLP, but her book is about how traders can avoid self-sabotage. The stories that she tells about traders shes worked with in the past are great. There was a...

find a basic platform like amibroker and do it yourself. at least you'll realize rather quickly that most techniques promoted in magazines or in books by Gurus don't work, and you'll be ahead of 90% of the people out there.

I guess if you put on a bunch of credit default swap trades and the counterparty - a bond insurer or something went bankrupt, you would have a hard time collecting on your profits. Never thought that could occur. Interesting idea.

bloomberg has EOD stuff

bedside manners I guess.

Visionary, I suggest you start buying all the available lottery tickets, you'll win at some point, right?

Sponger - yes it was Jim Leitner who said he could try and trade solely on the Economist.. http://www.dailywealth.com/archive/2006/may/2006_may_15.html

Ferdinand - I agree with and understand the first axiom. But why does risk decrease as volatility increases? Enlighten me :) Proper trading is based on a number of axioms, including: 1. As risk increases, reward decreases. 2. As volatility increases, risk decreases. Naked...