Search results

Yeah, but that's FAIR, correct ? Other business like temp/contract IT consulting work charge in the same manner...about 50% of the total goes to their coffers. They hardly raise a finger of effort for that fee. SO IT'S THE SAME WITH PROP FIRMS.

Thus it's a trading "Crapform", not a "Platform".

I've been doing some research only to discover that some of the greatest minds in mathematics were involved in computing these probabilities: Euler, Markov, Watson, etc. Quite an eye-opener to me.

Interesting commentary and here is a good article on the subject: http://www.absoluteastronomy.com/topics/Martingale_%28betting_system%29 * In 68 spins there is a 50.3% chance that you will lose 6 times in a row at roulette. * In 150 spins there is a 80.6% chance that you will lose 6...

I had ten. When ? Spring 2007 What ? Russell 2000 futures Why ? I was shorting into a maniacal blow-off top. Lesson 1: markets move in one direction further than one can imagine.....and this is important: FOR NO REASON. Lesson 2: tight stops kept me from losing a fortune. Lesson 3: tight...

For those whose financial vocabulary is limited: http://en.wikipedia.org/wiki/Roll_yield

But what about Lenny ? Where's he living...in his car ? Does he even HAVE A CAR any longer ?

The story is this: Neo will ALWAYS be more efficient than Excel for one simple reason: It's MULTITHREADED. Excel is an STA (Single Threaded Architecture). That really hurts it for realtime usage with more than a dozen symbols. Excel handles any DDE data overload pretty well, but it will...

Any updates on Lenny's "situation" ? 1) Is he in jail ? 2) left the country ? 3) shot himself ?

One rule from a pretty famous trader. Anyone care to guess who it was ? He wrote a book that I thought was poorly written, but I gleaned a couple of good tips from it.

This is a perfect example of trend measurement and the importance of choosing a time frame: in a short time frame, this is perfectly trending...first up, then down....a scalpers delight. On a longer time frame, the linear regression line would be flat i.e. trendless....terrible for doing...

I've always wondered what guideline to apply to determine the all-important "time-frame". Is ATIT (average time in trade) the metric to apply ? For instance, I trade and discover my ATIT is 60 minutes. What time frame is best ? 1 minute, 5 minute, or 10 minutes ? And within that time frame, what...

Thanks for that response, but one might ask: why don't they spend a few bucks and upgrade it ? I've heard this from story from someone else as well.

Same here. When are we going to get together again ? Manayunk, Penns Landing, Center City.....

To lighten things up on this thread, I have to tell this story of my experience SELLING PREMIUM. I was a programmer at the time working as a contractor for a small corporation. I was making good money at the time and had started an account at Brown & Company, a well-respected retail firm at...

Just a couple of comments: I detect a lot of jealousy in some of these posts. None of these money managers including Vic were doing anything ILLEGAL. So what do you want to do here ? More market regulation ? Selling premium is just another strategy. We need active sellers for a liquid...

So...she's a "nobody" ?

and who is that curvacious beauty ?

Sorry Dude, how can that be given his pre-blowup track record ? His only fault was not converting those naked put positions to credit spreads. That would have capped his losses to a great degree.

Sorry Surf, but I disagree. Had it not been sarcastic, he would have made some more commentary. But he did not. Also, the email date just before his first "blow-up", so old Vic was just "full of himself" at that point in time.