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Is there something else you are looking for here when you go long a stock that gapped down 5%? For instance, was the stock trending up? Would it make sense to go long a stock that gapped down and was already trending down? Or are you just looking for a "volatile" stock that gapped down X% to...

Essentially, I think the problem (scam, or whatever you want to call it) is that the Forex broker is taking the other side of your trade. Forex may be the "largest market," but that's all b.s. marketing copy. The Forex brokers each create their own mini-Forex market with their own customers...

rtstrading, So if I understand you right, you're saying that a system developer should leave out the last year of data for creating the system, then see if the new system actually works for over that last year. Is that correct? If so, it's an interesting thought. Do other system traders...

James, In an interview you did, you said, "Normally I only like to trade gap downs. Gap ups tend to keep going. And who am I to get in the way of people’s passion?" What do you mean by that? In the same interview, I thought you were making the point of short selling not working. So are...

Let me try to get this thread back on track. When looking at the TradingStation summaries from someone else's system, is there something specific in those numbers that would tell you if the system is over-optimized or not? I'm talking about the actual TradeStation summaries here, so I...

I think a very, very small percentage of traders are using mechanical systems, so I don't think your conclusion logically follows. And certainly there's a difference in performance between manually trading a system, and automating the execution of a system. I'm sure all kinds of profitable...

I thought Borsellino's book was entertaining. Most pit traders that I've met or read about are entertaining. I just listened to an interview with CME pit trader Rick Burgess. He talks about having to throw punches...

Of course you were kind of enough to show us the results that were NOT a 34-period moving average. But in most cases, we don't get that extra information. We only get to see the results of the actual system (e.g., the 34-period MA system). So looking at the TradingStation output of the two...

When you write "bars to be used for a moving average," what do you mean by that? If you are using a 100-period moving average, see what happens with a 115-period moving average and an 85-period moving average? Here's a product that others on Elite Trader have slammed. It has 85 trades over...

I appreciate the effort you put into your responses. I haven't found better explanations searching the web. I like the idea of doubling the maximum drawdown. Simple, yet original (at least to me). When would you know if a system has been over optimized? The profit factor is too high...

I see a lot of people viewing this thread, but no one leaving any explanations. Maybe the TradeStation summaries will help. I can't figure out how to post the TradeStation performance result graphics (at least no graphic is showing up in the preview). You can review the performance results...

Here's a mechanical trading system for the e-minis that's posted on a free site. How do I know if this is a good trading system or not? What do system traders look for in these performance summaries? What's the most important piece of data? Is it net profit, profit factor, average...

I would agree with the thoughts that (1) an MBA is only "worth it" if you go to a top 15 (or so) school or if your employer pays for it, and (2) an MBA can put you in a position of appearing "overqualified" in many situations.

I think Cramer is about being a personality, not a trader. It's possible he makes less money by not trading, but that's okay because he has a television show that strokes his ego. I would have to think he makes quite a bit having a television show, authoring books, and just being an all-around...

I saw that TradingMarket moved from downtown Los Angeles to Sherman Oaks, so maybe they'll last another year with the savings on overhead. It's funny that you mention hedge funds, because Larry Connors did try to start a hedge fund. The web address was at www.connorscapital.com. If you...

I don't understand this, and I'm curious curious what is meant by it, specifically the "type of organization." I'm not a fan of TM either, because they just repackage overpriced stuff over and over again, but I know what that has to do with the type of organization they are.

Almost everything at TradingMarkets is a rip off, particularly their "universities." Interesting, TradingMarkets does have something on swing trading that's not a rip off. It's the book Dave Landry on Swing Trading for $50. You can probably dig it up cheaper, and if you'll willing to put up...

TradingMarkets has always been a rip off. It's all hype without substance. They keep selling the same things over and over again by repackaging them. The only person I like is Dave Landry for the swing trading education. You can start with his books, and if you know where to look, you can...

This is a fascinating thread. Ultimately, I think with the current Forex system of free information, free charts, small account sizes, and unsophisticated traders, there are ways to beat the system if you're more sophisticated, and say, using better data feeds. Forex brokers don't like being...

Yeah, there's something about the Forex brokers that's incredibly seedy -- no matter how big the brand or umbrella company. I don't know the actually figure, whether it's 90% of whatever, but certainly the majority of accounts are being blown out. I know the typically account is only a few...