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fok is time in force (tif) It relates to the behavior of the order, how long it lives and preference on partial fills. It fills 100% immediately or cancels. Unlike IOC which fills any amount or cancels immediately. Either of these can be a market or limit type of order. Market or limit has to...

Tape reading is dead. Back in the day tape reading was all about figuring out what the specialist was up to... you read the tape, then shadow the specialist. Nowadays the there's too much HFT noise to read anything on the tape...

What is a Martingale System? ... correct!! I'll take piramid schemes for $300 next...

If they print 10,000 shares then people using filters, screeners & tickers set to a certain size will see the print pop up... while if they print on small lots they fly under the radar.

Very true!

Ooh yeah! The Street's vultures made sure to pick LTCM clean when they started losing control... thats one thing the market is good at... helping a distresed participant lose a lot more than he intended... about the market being efficient... I tend to side with Soros in thinking that it isn't...

You're right about russia, but their models had an even more fundamental flaw. They start with the assumption that people are rational and the market has normal distribution... these assumptions make your life easy when creating a mathematical model since it is very hard to factor human nature...

The problem with looking at expectancy with systems such as LTCM's or taleb's... is that expectancy is calculated based on the "average winner & losser" and the probability of each of these 2 outcomes. When dealing with swan events the average becomes irrelevant... sure the average winner...

A black swan is almost never "completely unexpected" to all parties... e.g. 911 was not an unexpected event for the terrorist who committed the atrocity... it was unexpected for everyone else. Still a black swan. Same goes for the collapse of Lehman & bear... as well as other...

You're right about the spread. Its only purpose is to make the fav look as bad as the dog. The vig is where bookies make their $. But the mixed lines are quiet common, specially for halftime & such. If you call a few bookies, and you get lines 3 1/2 on one side and 3 laying 30% (dog gets...

Strategy/methods with high % of lossers. One such strategy is the one proposed by taleb for hunting Black Swans, where you systematically buy deep out of money options and hold them to expiration. This strategy could produce "small" losses for years, and still turn to a massive profit by a...

Mav & Swan. About the bookies. I worked for several mayor books for about 8 years total... There's 2 parts to every line, there's the spread and there's the money line. The spread is # of points you have to cover in order for your favorite to win, or # of points that your underdog...

I tried something new today. Set my range bars to 0.01 (1 tick on stock symbols) I like what I saw on the chart. it tells you all the price action... no moves are lost inside a candle... I'll try it for a few days to see what comes out of it on regards to reading the technical setups...

I think that one very important aspect of "the perfect prop firm" is that it runs a model based on trading floors, not remote trading. I believe there is a lot of value from the atmosphere you get from the trading floor, which many people underestimate. I also want to point out that i...

+ 90% of all fat finger order entry problems happen between the keyboard and the chair :(

My thoughts on range bars is that they have some fundamental differences with time based bars... 1. every bar has close=high or close=low, which limits the number of possible bar shapes you can get. e.g. you have a smaller universe of individual bar shapes to choose from. 2. every bar is...

Hi guys, I recently came across range charts used them for a while and got a very good impression of them. Then I tried to find more information on them, found some historical info on them and such but I haven't been able to find any material on applied technical analysis of these charts...

Gaps are caused by changes in the fundamentals of a stock (news, earnings, rumors, etc) it is reflected in trades made on the ECN's but it is not caused by the trades on the ECN's...

I personally think that the best coffee is probably Coffea Giesha, or Coffea Montecristo... (much nicer taste than any of the coffea arabicas and coffea robustas you find in your regular coffee shops...) You can get them from coffea diversa... http://www.seaislandcoffee.com/coffea-diversa

Long term investors don't care too much about rebates, since they're only making a handful of trades per day (or even per week or more) they tend to prefer using a smart router than worrying about selecting ECN's and such... (many of them don't even look at the L2 when trading...) On the...