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Murray, you posted a system awhile back using an ARIMA/GARCH model. I thought this was interesting and more up my alley. How does this system compare with that one. Also, I've never seen anyone try to use an ARIMA model to forecast index prices since flat price is not stationary. Obviously...

Why are you such a piker? A big man like you who has claimed to be making so much money yet you only have a 4 lot on in the YM? Seriously? We use to have a word for guys like you back in the old days....a mook. Guys, this guy was outed (along with his other aliases) when he accidentally...

No relation.

Still rooting for you Zany! I don't care what your in-laws say about you. :)

You are right, they do refer to themselves in their blog posts as a prop trading firm but they are based in Finland. They could not get away with this in the US. I'm not sure where you reside, but there is NEVER, any reason why a US citizen should get involved with a foreign firm. I've never...

You need to be careful using the word prop. "You" are attributing this word to different firms that don't call themselves prop firms. If a firm calls themselves a prop firm, then you can criticize them if they are not. But if a firm is not a prop firm, then why are you calling them a prop...

http://www.chicagobusiness.com/article/20171002/NEWS01/171009982/are-chicago-trading-firms-losing-out-in-consolidation Kind of relevant to the thread.

Most prop firms try to extract the excess premium that comes from providing liquidity in less liquid markets. Here is a good example from the old days. Prop firms would trade OTC cash fixed income securities and hedge with treasuries futures on the exchange. This is a similar trade that LTCM...

He was a good politician. LOL. But he was not a bad guy. He had a business model and he defended it hard.

Bright Trading was in a grey area. Not a true prop but they did serve a niche market, equity pair trading and their opening orders strategy. I enjoyed the back and forth with Don and miss those chats with him.

Again, this question goes back to my main point. And I'm not directing this at you, but most of the people on ET don't know what real prop firms are or what they do. I'm taking about firms like DRW, DV, Ronin, Jane Street, Susquehanna, etc. Most of the firms that ETers reference are NOT prop...

Robert, insider trading is a lot harder to profit from than people think. For example, if I gave you inside information on TSLA the last 3 years on every bad news event they have had and there have been many, you would be broke if you shorted ahead of that. Every bad news event has been...

Most "true" prop firms have the lowest rates in the world. In many cases traders earn exchange rebates for providing liquidity bringing their costs to zero. That's one advantage. Two, you will never go balls to the wall with your "own" capital. Guys trade prop so they can swing hard and go...

That is what I said or meant. The OP was inferring that in other countries smart people actually get paid what they are worth. I was disagreeing with that point.

You misread my quote. The US is where you "can" move up.

Are you kidding me? The other half of the world wealth comes from families. There is no moving up. Born poor, stay poor. Born rich, congrats, you die rich.

He got killed in TSLA. Admitted it was the worst trade of his life. He also has been notorious for being short NFLX. Long value and short growth has been a terrible trade. It killed Buffet back in 1999, he lost close to 50%. The good news is he never tried to short any of those stocks...

The correlation comes from the fact that most CTA trendfollowers only perform well in high volatility which "usually" comes from trouble. So yes, this tracks the same path as global macro guys but their volatility is much different. I follow all the big trend followers and even the best of...

Most global macro fund managers don't buy stocks. There are 10k mutual funds that do that. No one is going to pay 2/20 to a global macro guy to do DCF (discount cash flow analysis). You allocate money to these guys to look for trouble around the world. The last 3 years have been a poor...