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All good points. In addition to the cost of during business in this market, you are taking on an enormous amount of liquidity risk. Once an already illiquid market like real estate starts to plunge, liquidity dries up and you get slipped big time. Most folks are sitting out there with sell...

Oh my, now we have resorted to political philosophy to explain away our failures.

But that is my point. How about ITM that are a few months out. If you wish to use them for anything but day-trading, forget it.

I also doubt that long term options on SPY have tigher spreads than ES. It also depends on whether they are in or out of the money, etc.

SPY options are tighter than ES? No way... SPY options couldn't be more liquid than ES. Heck, even SPY itself isn't more liquid than ES, or?

Well, we did manipulate their culture into what it is today...

It is true that there is a lot more communicated through non-verbal means than in the West. This is true of Asia in general.

Not only that. BarclayHedge gave them a TOP 10 Recognition award... after losing 50% in 2008. Doesn't smell right to me.

Travis, you are very correct that there has been confusion about whether we are talking about discretionary or automated trading. Indeed, I think that discretionary trading will always have a bit more psychology involved. HOWEVER, I think that most of this has to do with large order sizes. I can...

It's a tulip index that should have poped back in 2000. The pain continues...

History can repeat itself, however in this case, what demographic will burn down the banks? The gen x/yers? No way in hell. The boomers?

Stereotypes come from somewhere, don't they?

Coming from a redneck, I find that hard to believe...

Interesting. WealthLab uses C# which I can code, however, this seems a bit over-kill for such a linear application. Scripting languages should do the trick. Sorry if this question sounds dumb, however, I don't understand how the code is linked to TWS to execute the orders

Would you mind sharing what coding language you use and what markets you trade? I am not asking you to reveal your secrets, however this info could add to the discussion. (btw, ignore the a**holes on this thread).

travis, what kind of software to do you use to program your strategies? Does your routine give you signals that you execute manually or is the entire process automated?

Would you please make an effort to depart this earth while you're at at it? Thanks.

Dead wrong. Positive expectancy simply means that over the long term you will have a win rate that will allow you to be profitable.

Gotcha, but a bit hard to pull off if your name isn't Buffett. ;)

Frankly I have been thinking about whether value investing really works. You can still make money that way for the wrong reasons (i.e. the stock you bought gets pulled up with the general bull market). Value investors talk about a margin of safety when you buy a stock at a discount, however...