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The ignorance displayed in this thread about LTCM is appalling. The assumption that just because they had computers and a few PhDs and even a Nobel prize winner or two that they should have killed it is ludicrous. And their failure is in no way "proof" that math doesn't work. What LTCM did...

Which may explain the cop listing. Supposedly most cop applicants have to pass a psych evaluation, which should weed out most sociopaths. But if a cop shop is itself a sociopathic organization, then all bets are off. Disagree. A psychopath isn't automatically a Svengali or a criminal...

It's involved with money. I think all fields involved with money are extremely attractive to sociopaths and psychopaths. Banker equals bankster these days.

According to the episodes I saw, a few sincerely tried their hands at trading. They all failed miserably. Maybe something to do with the psycho/sociopathic tendency to fail to learn from mistakes, or to accept blame for any screw ups.

Daycare? Petting zoos? They did say nurses and doctors not involved in surgery were low in the percentage of psychopaths. I'll say it again: none of the criminals profiled in CNBC's American Greed was any good at trading. BTW does anyone know if there is a nontrivial distinction between a...

Wow. You were so eager to get that racist dig in, you completely ignored the domestic violence data that justifies the listing. Keep that shit in P&R.

"I have read hundreds of books on the subject." LOL. Yeah, sure he did.

http://www.elitetrader.com/et/index.php?threads/if-you-can-draw-a-straight-line.276076/ http://www.elitetrader.com/et/index.php?threads/son-of-if-you-can-draw-a-straight-line.278341/ http://www.elitetrader.com/et/index.php?threads/bride-of-if-you-can-draw-a-straight-line.279387/...

This is sophistry. You're using trading in its most generic meaning to include all exchanges. In this website, trading means speculation : the acquisition of considerable risk for the opportunity (but not the guarantee) of considerable gain. Can we now end this silly equivalence of trading (as...

Prostitutes working in legal brothels face almost none of those risks. The biggest risks associated with prostitution stem from its illegality in most places. Remove that nonessential factor and almost all the risks fade away. Legal brothel prostitutes get a guaranteed income for their...

Prostitutes are not traders in any sense. Prostitutes are workers who perform a service for money. Traders risk their own money with the hope but no guarantee of gaining more. Totally different jobs.

http://www.elitetrader.com/et/index.php?posts/4271590/

And another thread is ruined with B1S2 BS.

Are you saying that even a little bit of lag in one of your systems kills its profitability?

I have no experience with CATSCAN.

I don't believe there's any single system that works in all market conditions. A combination of systems would be required, one for trading trends and another for trading in choppy conditions. And a regime switch of some kind to determine when to use which system. Something like...

In finance, money management means managing OPM. But in trading, money management comes from the world of gambling where it means managing your own money. IOW for us, money management is synonymous with risk management, which largely means position sizing (the gamblers call it 'bet sizing'.)

Has TA evolved? Absolutely. Without question. How has TA evolved? As with biological evolution, it has been by fits and starts. The widely held fictional notion of gradual evolution from primitive to advanced simply doesn't apply. The latter is the new-car model of evolution where each new...

Addendum: I personally prefer GM = exp(mean(ln(1+rt))) - 1 GS = exp(std(ln(1+rt))) - 1

https://en.m.wikipedia.org/wiki/Pythagorean_means Don't know where GM ~ AM - V/2 comes from but it doesn't make sense dimensionally. HTH