You can't generate positive alpha without a PhD.

What a moron this guy is. A PhD is a noteworthy achievement but to expect it to open the gate to success in trading is down right retarded. I'm going to school for an MBA for the sole reason of having something to fall back on incase I can't cut it day trading. Look forward to having some oppurtunities pop up after you get your degree from Devry or wherever, but I wouldn't recommend telling anyone around here that college degrees make you trade better.
 
Quote from Kuran47:

[BThe Efficient Market Hypothesis is built on the premise that the market's return / price movement is random. This allows the practitioner to use the Normal Distribution - where the math is easy. In a Gaussian / Normal Distribution, there's a mean, mode, median, variance and standard deviation.

In reality, the market price movement
does not conform to a Gaussian / ND. [/B]
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lol please run a histogram of daily S&P returns. It's very close to a standard normal.
 
Quote from WallStGolfer31:

lol please run a histogram of daily S&P returns. It's very close to a standard normal.
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this statement alone gives out how much of a retard you are. Have you even papertraded before?
 
Quote from WallStGolfer31:

lol please run a histogram of daily S&P returns. It's very close to a standard normal.
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Dan, have you ever SEEN Wall Street? Many of the quants I know eschew the idea of Wall Street - I find it funny that it's in your handle.
 
Quote from taleb31:

So what is your point?
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If you would read the post I quoted, you might be able to figure it out. I know that's hard for you, figuring things out that is. PM me in your have any trouble.
 
I keep thinking that this PHd dude is just having some fun with us.

but if he is serious, wow he was really shielded from reality

note to all of us, do not shield your children from the truth

they will become .....well......dumb
 
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