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  1. syswizard

    how to judge a system no longer profitable?

    It's a good question, but this has been discussed many times in the past: when the system's live trading drawdown has exceeded the worst drawdown experienced in the historical backtesting period, then it's "done", "cooked", "fini", etc.,etc. Others have argued to use a mean and standard...
  2. syswizard

    225 death watch

    Phenomenally, huge volume going off in the NQ futures markets at 9:37 EDT, unfortunately DOWN.
  3. syswizard

    225 death watch

    OH WOW, EXACTLY. ES futures at 9:33 PM EDT now at 1548. IT'S GETTING UGLY. TIME TO BAIL SOON. MAYBE YOU'LL GET FILLED AT MORNING OPEN.
  4. syswizard

    Odds Czar: Simple Biases in the Futures Markets 2007

    PLUS SIX on the Russell 2000 which has been weak lately ? Wow, this will be interesting !!
  5. syswizard

    Protecting your capital from medical collection agencies

    BIG GOVERNMENT. Why don't you try to determine (and it won't be easy) what's the MONTHLY payroll for all federal offices. First you'll be amazed, then you'll be informed as to why we need those taxes.
  6. syswizard

    Why is the Dow going soo high?

    One word: Irrational Good example: BA Is that DEFENSE SPENDING boosting their sales/margins or is it the airlines that are getting creamed again with higher operating costs ? How can it be the latter ?
  7. syswizard

    Salary: Big 3 autoworker vs PhD college professor

    I don't think that is the case for Info Tech (IT) workers....many salaries are at levels seen 10 years ago.
  8. syswizard

    Excel System Development

    In the final analysis, programming in Excel at a low level is not much different than programming in C++ or even Java. As with any dev environment, they are a ton of tricks and traps to be aware of. Yeah, for simply things, Excel is the best alternative....but when they get complex and you hit...
  9. syswizard

    Salary: Big 3 autoworker vs PhD college professor

    Plumbers in our area billing out at $60/hr and Electricians at $80/hr...but you should see the wages for IT professionals....it's about half that. Huge supply of "knowledge workers" relative to demand.
  10. syswizard

    Why would a prop firm steal your deposit?

    Happened to me. Took 3 months and several dozen hours of time writing letters and emails before I got my money back. Despite that effort, I consider myself lucky. Bottomline: only sign-on with the reputable firms.
  11. syswizard

    Looking for a good start

    Go with the biggest that offer some training. Hold Bros and Bright Trading come to mind.
  12. syswizard

    Go back to school or continue trading

    Exactly. Many professional job salaries have either declined or gone nowhere last few years. But you should see what electricians and plumbers are pulling in ! It's all about the outsourcing.....
  13. syswizard

    Odds Czar: Simple Biases in the Futures Markets 2007

    We're just floating up in a huge ocean of liquidity. It's a matter of timing....and when the Fed will pull the drain plug. Of course the market will go down when it SENSES this will occur. Bernanke is keeping a great poker face however, and this will be tough to call exactly.
  14. syswizard

    Excel System Development

    NO wonder.....that's a lot of links. It would be interesting to see if Excel 2007 performs better than 2003 for your app. MSFT finally came out with service pack #2 for 2007, so many of the dumb bugs have been fixed by now.
  15. syswizard

    Excel System Development

    The keys were: 1) proper variable naming 2) proper code placement 3) creating a function/proc library to avoid redundancy 4) use named ranges whereever possible The last one especially was critical. In fact IB's TWSDDE did NOT have this until the latest release....making any small changes...
  16. syswizard

    Odds Czar: Simple Biases in the Futures Markets 2007

    Well, so much for that call....everything BUT the Naz was fairly weak today....especially that Russell ! I say: this is a huge head fake. As in 2000, someone is gonna get hurt with this overvalued tech "stuff".
  17. syswizard

    Excel System Development

    You need a "framework" or BETTER YET, a "platform" to make this happen quickly. With a basic programming language like VBA or Java and an API, you are starting from "scratch".....it's like building a house brick-by-brick. With a platform, you've already had an architect design it and build most...
  18. syswizard

    Excel System Development

    As with any dev environment and programming language, YOU'VE GOT TO KNOW THE RIGHT TECHNIQUES to make it maintainable. That's one of the reasons I hired a consultant. Your perception is correct though....most programmed spreadsheets are just total crap and must be rewritten.
  19. syswizard

    Excel System Development

    Sorry, Nitro, this is somewhat of a bullshit response. I just paid $125 per hour for some consulting on Excel VBA that would have taken me 3+ months to research on my own. Excel's programming language is mombo complex with over 10,000 distinct, separate, and unique properties and methods to deal...
  20. syswizard

    Drunk!!

    As with many endeavors in life, including sports and other competitive arenas like finding a great looking wife, there are these things called "head fakes" that your competition will perform. My call on this market: huge head fake.
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