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  1. M

    Economics books

    Good questions. I guess I would be looking to skim all the different schools of thought and then figure out which one I prefer. I'd like to eventually hit both micro and macro, but which one is better to start off with?
  2. M

    Economics books

    I am looking for recommendations for economics books. I have recently developed an interest in it and have essentially little formal schooling in it. I would like to find a book (or set of books) that are challenging and writing that is direct and gets to the point. Advanced math/stats are...
  3. M

    IB TWS API Speed

    Is there a configuration or setting somewhere to dictate the snapshot frequency? Do you know where IB describes the details of how it is taking and forwarding these snapshots on through the API?
  4. M

    IB TWS API Speed

    From "info nice": "A niceness should not be confused with a scheduling priority, which lets applications determine the order in which threads are scheduled to run. Unlike a priority, a niceness is merely advice to the scheduler, which the scheduler is free to ignore." I guess it doesn't...
  5. M

    IB TWS API Speed

    Is this what you are talking about? http://individuals.interactivebrokers.com/en/software/apiReleaseNotes/api9.php?ib_entity=llc "If an API application intends to make historical data requests that return more than 1000 bars, it is recommended that TWS be configured to increase the sizes...
  6. M

    IB TWS API Speed

    Working with the TWS API in java I have noticed that my processing of market data in making a trading decision is fairly quick (few millis). But actually creating an IB order and placing it is taking much longer, around 3-20 millis. Has anyone experienced this type of behavior? What I mean is...
  7. M

    How well to humans know random?

    1111111111 1000000000 1111110000 1000000000 1000000000 1000000001 1000000001 1000000001 1000000001 1111111111
  8. M

    New Casino and Property Values

    I live+work in downtown Chicago and I'm thinking about buying a condo here. The place that I'm looking about buying is a few blocks away from a site that may have a casino built on it in the next few years. Nothing is official, but how does a casino less than a mile away affect property...
  9. M

    High-Risk Weather

    Your poll reminds of the teacher asking students to raise their hands if they are not present today... :-)
  10. M

    Recession Imminent If Fed Starts Easing

    I am offering insurance based on the outcome of these events. If all these events occur I pay out 10-1. Please PM me if you would like to buy some insurance on this highly probable event.
  11. M

    Kelly formula is just for gamblers

    True, but that's from a purely mathematical sense and not very practical. Like you were mentioning, the odds of you cutting your bank in half before doubling it is 1/3. The probability of that occurring 4 times in a row is (1/3)^4 = over 1%. So 1% of the time, you are left with 6.25% of your...
  12. M

    Kelly formula is just for gamblers

    Just go back and see how much you would have made and your draw downs if you risked more... Its obviously a trade off with risk and reward but the best solution is whatever your comfortable with. So your risking like less than 60/10 = 6% of capital? Your not interpreting the kelly number...
  13. M

    Kelly formula is just for gamblers

    Your risk of ruin (RoR) in using full kelly (60% in the example you gave) will be pretty high (5% or more). Professional card counters, for blackjack, use kelly at lot, but they will use half or quarter kelly to ensure that thier RoR probabilities are extremely low. And the numbers you are...
  14. M

    List of Hedge Funds

    I am looking for such a list too. Absolutereturn.net has pretty high price tag for access to their list. http://www.efinancialcareers.com/ is good, but there are no HF jobs listed in AZ.
  15. M

    Book Review; The Black Swan by Nicholas Nassim Taleb

    Wow, really? I was going to buy this book eventually. The tone of the author, in the first book is very much like you have described, but I wouldn't describe it as "fatuous". He is a obviously a pompous academic fuck, true, but he has made something of himself (due to luck or not...) and I...
  16. M

    You have a strategy that works I'll code it for you

    If you have a Ferrari, I will drive it for you.
  17. M

    You have a strategy that works I'll code it for you

    If you currently have an coded profitable system, give it to me and I will trade it manually for free.
  18. M

    Time to bottom pick

    Why not learn from history? Some really good pertinent data and info on these slides, I highly recommend. http://www.garp.com/library/Meets/GARP%20Presentation%20October%202006.ppt#1
  19. M

    I Want To Make At Least 1 Million in '07

    There are always exceptions I guess. But probabilistically speaking, there is a higher chance of success when you truely love something. Ofcourse, there are exceptions in this case too. I just don't understand how you can spend a long day working on something you don't like. With trading...
  20. M

    I Want To Make At Least 1 Million in '07

    What's so great about a million? Is it just so that you can say you made a million? Or that you are a "millionare"? Then you truely do not love trading, it is the life that is behind the successful trader that you love and it is for this reason that you will fail.
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