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well, i don't have audited records for you but i have been profitable for the last 4 years trading prop with the last 2 being much better as I uncovered a couple of minor mkt inefficiences. I posted for a while over on the pnl thread altho i'm sure you wouldn't take that as reliable evidence...

Good god Walt... the endless thoughtless questions are so annoying. Do you bother reading what Lescor actually writes or are you just dazzled by the numbers he's put up? Lescor has stated before that he occassionally hedges using SPY if his exposure is too large. That is not the same as...

Pretty weird comment for a guy called INTRADAYbill.....

OP asked for Free which I don't think that website is? That said, the OP is looking for a service "for professionals" that is free... hmmm. Guess someone's not made it to the top of their game yet.... I trade UK, Fra, Ger, Swi, etc etc every day in addition to US. Don't know of any...

His ass. Suspect this is totally made up. Medallion has been closed to outside investors for years so v v few have any up to date knowledge about how they're doing. I also guess they cleaned up over the last couple of weeks but we mortals won't find out for some time either way....

V similar result to Fri.... +24,500 eur net approx or +$31,500 This is my best 2 day return ever by some margin. I'm under no illusion that these returns are coming my way thanks to the mkt conditions. This year had been super slow until last week. Hoping it continues but suspect I'll be...

NoDoji - congrats on the record day Haven't posted for ages... best day in over a year. 2010 been slow until this week... Blotter excludes a few small wins from sub a/c's. Net approx 25,500 eur or $32,000

he is bang on that most members don't have huge funds to invest however, i couldn't disagree more about the notion that the system is too complicated. it is one of the simpler strategies i have seen and the core concept is ultra simple - buy stocks entering the sp500 to ride the wave of...

Hi Talon I think this is an interesting thread so I'll chip in.. Focussing on the first two bolded parts, the obvious questions are: 1) What counts as a "large" earnings surprise and what metric are we using to measure it (i.e. only EPS & Revs or others incl guidance etc)? 2) How do we...

personally i would not assume that the EXPD earnings are in the price. guidance and actual results are often pretty disimilar. i am trying not to hold any pairs over known upcoming news events like this.

This occurs because standard deviation in this case is not constant. In fact, the measure of standard deviation being used by PTF, or any use of bollinger bands etc (i.e. standard deviation from a moving average) exhibits serial correlation. What S.D basically measures is how far from the...

read through the thread - it's been mentioned several times already. bottom line is that most the traders here, rightly or wrongly, do not use cointegration. most prefer to "keep it simple"

unfortunately for you, i guess u will not find what you are looking for. trading stocks in Europe is much more expensive than US for retail customers. maybe if you had some big size you could find the comms you are looking for but with just 6k to invest, i don't know any brokers that cheap...

yesterday GIS had results pre open. CPB seems like an obvious one not to trade OPG?

looks like the SPY always leads the ES by 1 day on your charts? i wish it were that easy but sadly i guess you have a setting wrong in your charts... i would echo prior posters. arbing the ES and SPY (or other similar combos) is possible but requires top-drawer execution speed and ultra-low...

ROI is not tricky surely? Say you go long Stock A at 200p for £10 per point (penny) and go short Stock B priced at 400p. Presumably you are shorting Stock B for £5 per point. Your theoretical actual investment here is 200p x £10 = £2,000. On the short side it's 400p x £5 = £2,000...

nothing too different about spread betting IMO. most of the common metrics would apply, including expectancy and profit factor. for a simple, rough and ready, measure i like profit factor. just add all your aggregate $ wins and all your aggregate $ losses. PF = total wins / total losses...

yes, the spread has had a massive move. and for good reason. VIP newsflow has been insane, involving the confiscation of a large stake from Telenor (norwegian telco company). some stocks i just wouldn't touch, and this is one of them at the moment.

mostly agree. however, the ratio chart will only be trending due to a beta differential if the market is also trending. if the market is chopping sideways the ratio could be too, even if the betas are very different. besides all this, i only look at beta as a side issue. as a couple of you...

bloomberg terminal let's you filter by exchange. intraday data only goes back a little way (maybe 100 days?) but if you only want the open, you can pull out daily OHLC data as far back as you want and used the open from that