Degree related to trading

[bwolinsky]

Quote from FerdinandAlx:

Yes, philosophy can be whimsical. It's a broad subject and that's why I told to emphasize logic and philosophy of science. Logic is not whimsical, in fact an alternative to whimsicality presupposes logic. Law is something you need to understand once you start a hedgefund.

Programming is a useful skill. The way it is applied in statistical analysis is not usefull though. If you want to impress me, answer the following question: how does statistical analysis succesfully surmount the problem of induction?

As to legal issues, this is what lawyers are for.

Statistical analysis is a pre-requisite to build a theoretical and reasonable basis for your trades. By that measure, induction is actually the process you use to build your statistical analysis. Induction doesn't lead to the theory, you come up with the theory, then deduce via induction, and it is not whether you can redact the trading algorithm yourself more than it is that you can test your theory on old data that when normalized is applicable to future pricing problems and trading decisions.

Statistical analysis is required to build a foundation for your induction. Induction by itself is too broad. Without statistical analysis, your most basic conclusions by your induction are meaningless because you still need to test your theories, and that's only accomplished through statistical analyses and processes that enforce your induction. It's not that statistical analysis surmounts the problem of induction more than that it is required to properly analyze data. No matter what you do to base your decisions on, hopefully it has something to do with judgements on timing, pricing, and other endogenous variables directly related to your trading decisions.

I will just assume random things like the phases of the moon are not part of your induction and reasonable basis. Rationally, all prices are governed by expectations, and the only way to analyze these assumptions is with statistics.

Incidentally, proflogic is a very good friend of mine, and definitely has a very logical trading method.

 

[bwolinsky]

Quote from BSAM:

Kobe Bryant doesn't have a degree.

Ted Nugent doesn't have a degree.

Don't try to think I am against a degree if one wants to trade or play basketball or play a guitar or anything else under the sun. But, stop trying to make these youngsters believe that you are somehow some superior trader because you studied finance. Nothing could be further from the truth. In fact, it could be the opposite. Neither you nor I know all traders. I bet they don't all have RIAs, CPAs, CFAs, etc., etc., etc.

BTW what is a C2 Vendor?

Well, the ones who don't probably aren't working on Wall Street, and I just assume people rationally trust professionals with their money over themselves without such a background.

 

[BSAM]

Quote from bwolinsky:

Well, the ones who don't probably aren't working on Wall Street, and I just assume people rationally trust professionals with their money over themselves without such a background.

Kobe Bryant and Ted Nugent are professionals. But, I digress.

Anyways, what is a C2 vendor? What are you selling?

 

[Eddiefl]

Quote from Johan:

What degree is most related to trading stocks daily. Is finance, economics, or physcology. What do you think?

Get a 4 yr in Pysch. Get to know yourself and others.

MOst importantly , know thy self in this biz.

You can learn the data, numbers etc.. later,

EF

 

[bwolinsky]

Quote from BSAM:

Kobe Bryant and Ted Nugent are professionals. But, I digress.

Anyways, what is a C2 vendor? What are you selling?

I'm not sure I follow. I didn't mention anything about C2, but it is a site that tracks trading strategies. I'm selling trading advice in the hopes that I can profitably arbitrage my chosen instruments, QID and QLD.

 

[BSAM]

Quote from bwolinsky:

I'm not sure I follow. I didn't mention anything about C2, but it is a site that tracks trading strategies. I'm selling trading advice in the hopes that I can profitably arbitrage my chosen instruments, QID and QLD.

You don't follow? Have you ever read your profile on ET?

Do you own this "C2" website?

Interesting. Are you a broker? To what type clients do you sell trading advice and what is the cost for your advice?

(No, I'm not going to ask how much money you make.)

You seem like a real hustler. And, I'm A-OK with that. It's just that some hustlers have a strong tendency to imply that their way is the only way. This is where the road splits for me.

 

[bwolinsky]

Quote from BSAM:

You don't follow? Have you ever read your profile on ET?

Do you own this "C2" website?

Interesting. Are you a broker? To what type clients do you sell trading advice and what is the cost for your advice?

(No, I'm not going to ask how much money you make.)

You seem like a real hustler. And, I'm A-OK with that. It's just that some hustlers have a strong tendency to imply that their way is the only way. This is where the road splits for me.

Certainly wouldn't imply I'm the only way. I'm not a hustler because I believe in honesty, and it's impossible to manipulate trading data from a 3rd party.

www.collective2.com aka:C2

No, I don't own the site.

 

[BSAM]

Quote from bwolinsky:

Certainly wouldn't imply I'm the only way. I'm not a hustler because I believe in honesty, and it's impossible to manipulate trading data from a 3rd party.

www.collective2.com aka:C2

I didn't mean to imply that a "hustler" is someone who is necessarily dishonest, at least in my opinion.

BTW Billy Gibbons is a professional too. Uh huh huh huh huh

Have a goodun'.

 

[bwolinsky]

Quote from BSAM:

I didn't mean to imply that a "hustler" is someone who is necessarily dishonest, at least in my opinion.

BTW Billy Gibbons is a professional too. Uh huh huh huh huh

Have a goodun'.

Yes, definitely a pro: http://en.wikipedia.org/wiki/Billy_Gibbons

Lol.--Peace

 

[FerdinandAlx]

Quote from bwolinsky:

As to legal issues, this is what lawyers are for.

Statistical analysis is a pre-requisite to build a theoretical and reasonable basis for your trades. By that measure, induction is actually the process you use to build your statistical analysis. Induction doesn't lead to the theory, you come up with the theory, then deduce via induction, and it is not whether you can redact the trading algorithm yourself more than it is that you can test your theory on old data that when normalized is applicable to future pricing problems and trading decisions.

Statistical analysis is required to build a foundation for your induction. Induction by itself is too broad. Without statistical analysis, your most basic conclusions by your induction are meaningless because you still need to test your theories, and that's only accomplished through statistical analyses and processes that enforce your induction. It's not that statistical analysis surmounts the problem of induction more than that it is required to properly analyze data. No matter what you do to base your decisions on, hopefully it has something to do with judgements on timing, pricing, and other endogenous variables directly related to your trading decisions.

I will just assume random things like the phases of the moon are not part of your induction and reasonable basis. Rationally, all prices are governed by expectations, and the only way to analyze these assumptions is with statistics.

Incidentally, proflogic is a very good friend of mine, and definitely has a very logical trading method.

Statistical analysis can never verify basic conclusions. At most it can be used to falsify conjunctions. The only way to adress the problem of induction as it relates to trading would indeed be to use variables that are endogenous to the market. They'd have to used in a way that constructs a model through deduction however, and at that point you've left the paradigm that relates to the market through statistical analysis and induction.