SIUYA

some days this says it all. http://www.traderslaboratory.com/forums/attachment.php?attachmentid=26865&stc=1&d=1323852582

I'm fed up with getting exactly what I deserved. I am fed up with being over paid, underworked, and a good for nothing layabout. bring back the Empire Best start speculating again

what about as a social experiment.....collectively we come up with a new term OR a few terms as its generally a numbers game. Once it has been decided on....then proceed to drop them into everyday conversation, or threads etc with others and see how long it takes to possibly get one of the catchy terms to be said by a broker or newscaster on TV. Off the top of the head I might suggest... "Eurocronies" - the banks, governments - anyone - who wont toe the line and will keep breaking their obligations to the Eurozone treaties.

as i know nothing about IRAS etc not being American.....maybe I am missing something....but if it has tax implications why touch it all Why not get a little bit of extra margin via the broker at a much cheaper rate if required?

its sounds interesting....but probably not....i will wait and see what other people think first before making up my mind. thanks.

COWS AND ECONOMICS SOCIALISM You have 2 cows. You give one to your neighbor. COMMUNISM You have 2 cows. The State takes both and gives you some milk. FASCISM You have 2 cows. The State takes both and sells you some milk. NAZISM You have 2 cows. The State takes both and shoots you. BUREAUCRATISM You have 2 cows. The State takes both, shoots one, milks the other, and then throws the milk away. TRADITIONAL CAPITALISM You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income. FEMINISM You have two cows, she has zero cows. You get a bull and breed. You now have zero cows, she has three cows and rights to all your future cows ROYAL BANK OF SCOTLAND (VENTURE) CAPITALISM You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States , leaving you with nine cows. No balance sheet provided with the release. The public then buys your bull. SURREALISM You have two giraffes. The government requires you to take harmonica lessons. AN AMERICAN CORPORATION You have two cows. You sell one, and force the other to produce the milk of four cows. Later, you hire a consultant to analyze why the cow has dropped dead. A FRENCH CORPORATION You have two cows. You go on strike, organize a riot, and block the roads, because you want three cows. A JAPANESE CORPORATION You have two cows. You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk. You then create a clever cow cartoon image called a Cowkimona and market it worldwide. AN ITALIAN CORPORATION You have two cows, but you don't know where they are. You decide to have lunch. A SWISS CORPORATION You have 5000 cows. None of them belong to you. You charge the owners for storing them. A CHINESE CORPORATION You have two cows. You have 300 people milking them. You claim that you have full employment, and high bovine productivity. You arrest the newsman who reported the real situation. AN INDIAN CORPORATION You have two cows. You worship them. A BRITISH CORPORATION You have two cows. Both are mad. AN IRAQI CORPORATION Everyone thinks you have lots of cows. You tell them that you have none. No-one believes you, so they bomb the ** out of you and invade your country. You still have no cows, but at least you are now a Democracy. THE RUSSIAN CORPORATION You steal the cows from the neighboring farm and say you bought them on the cheap The government claims you did not pay your taxes and confiscates the cows You are lucky you are not working as a cow header in Siberia AN AUSTRALIAN CORPORATION You have two cows. Business seems pretty good. You close the office and go for a few beers to celebrate. A NEW ZEALAND CORPORATION You have two cows. The one on the left looks very attractive.

I kind of viewed it this way..... he is taking a massive punt on the Europeans not begin able to fix the problems. If they dont which he must suspect they wont and hence does not want to get dragged down, then he has sidestepped a problem for the future....smart move. Either that or it was just a massive blunder on his behalf and he became stroppy over something small walked out and like most politicians will not admit they f...d up and ask for a seat back at the table due to the apparent loss of face. Either way its very hard to have influence at the table if you are not there.

?????????????????? Wtf

Jt- you are getting some good advice and clearly have your head screwed on right.....and Tams is Tams - he offers sound advice in only the way he can...but it is valid. Stop trading is his way of saying sit back work out what you are doing and then start, dont mistake luck for skill. Remember a lot of advice is easy to be mis-read, mis-interpreted, selectively read. What you will learn is that there are many ways to do things, many ways to cut and dice the markets and only the ones that suit YOU will work. Thats why bland subscriptions to others ideas for trading is always dangerous, while taking others ideas and then thinking about them and how they suit you is probably more profitable. eg; the differences between healthy, unhealthy fear v good anxitey and controlling emotions v eliminating emotions....each of us will see it differently. Think of a lot of the market psychology as more in terms of your market philosophy....(look up the difference between the two p's) You also have the tough position of asking for advice as you dont have a system as such....it appears very discretionary and so any advice will be just as discretionary....if that makes sense. As a suggesting check out the the threads here that talk about making a plan for the trading - a comprehensive one, not the simple ones. Also regards your issues of taking profit v letting them run....there are a few discussions about that here....it is something I often toss up. Option timer has a good thread regards this..... The journey of trading is not just about pushing the buy and sell buttons, it is about the processing between the ears.

probably yes....I use Excel as I dont feel its worth the time and effort for me to learn a new thing, but other systems are definitely faster. For me my testing is ideal for Excel as the speed is not such an issue. I can test 3000 bars of data comprehensively that might generate 500 trades (a lot I know but this is what takes the time) it takes 2-3 secs...so not an issue - if I record all data comprehensively while it updates rather than just in memory and arrays it might take 12 secs. You can build almost anything in it, indicators, tests, combine macros and switches....eg; when testing do you want each trade to have a separate attached stop, or a newly derived one every pass of data....Excel makes it easy for me. . For me I like the fact that I know excel, it integrates well with other programs, and I get then do almost anything pre and post data analysis. ITs a one stop shop. So I have never really investigated other options. But if starting from scratch, other options may be the way to go. Do what works for you as Geeks will always make fun of those using an old fashioned hammer, but if it works and gets the job done. Please keep me informed about your progress maybe I will look to expand my horizons. I would just get some historical data from anyone that is free and build your system FIRST. Not much point wasting money and time worrying about the data if you never build a system. Then once you have that getting the data is a whole other kettle of fish. Getting a download is just a mass download of data, rather than waiting to try and collect and store your own over the next few months. As others mention, accurate data and what you require in your data is the next step, but I would worry about that (thinking about it before hand is good) but build the system first. You can spend/waste a lot of time on data if you never build something.

as many is required. If you are asking who uses what? or what types are available? (depends on platform) Dont forget they are generally all generic ...built from the same data. Some smooth volatility, some pick up volume, some look for reversals....it is just a tool for the manner you wish to visualise the data....

the minimum plus a margin for error....is the minimum for your style....not just the minimum margin required.

both..... often well known stop order levels can be triggered as people try and push prices.....thats just the market working normally. These days with automated systems and brokers having access to everything a lot will depend on the broker, and how paranoid you are. There are certain CFDs and spread betting places that "supposedly" measure your early trading style and look to not hedge you ...estimating that you will be part of the 90% that loose money. Additionally think about it this way....if you are sitting at a firm and have acces to everyones orders, is there a temptation to try and profit from those orders. (If you are really worried..... when holding things longer term is swap brokers...close the trade in one and re-open in another.....the cash difference is minimal (a few brokerage dollars,) but it means no one really knows what you are doing over the long term.) It may seem to loose at one broker, but not at the other.) Potentially a pain to keep track of but pretty easy really when using excel to combine two balances.

if you are only trading a few contracts, keep the absolute minimum in your broker account. There is no reason to keep more than the minimum plus some margin for error for what you are trading. (peace of mind) When it comes to withdrawing.....only you can answer that. Some people like to compound and reset monthly, quartlerly, yearly. Others keep a balance and withdraw any profits...some just compound. (strategy) When it comes to strategies and styles, you have the problem most do....not sticking to the rules you set.....a deep, deep well of frustration, that if you can get your head around early will really help you in the long run. (strategy) Plus a profit is a profit. You have made money. Congratulations....if I saw $3500 on the street I would still run to get it....even if I had a billion dollars. Don't discount this and become worried about it being potentially a small amount. (dollars) Look at it as percentages of equity....better and easier in the long run. focus on the strategy that you can live with and the dollars and returns will look after themselves.

MF Global and the great Wall St re-hypothecation scandal MF Global Customer: My Entire Account is Missing Hedge Funds | HedgeWorld | The Definitive Hedge Fund Community MF Global Mixed Funds, Transferred Abroad Hedge Funds | HedgeWorld | The Definitive Hedge Fund Community U.S. CFTC Tightens Limits on Brokerages Using Customer Funds Hedge Funds | HedgeWorld | The Definitive Hedge Fund Community

I worked at a broker many years ago....on a floor with many other people from various brokers and banks.....I had never heard of the expression before the recent few years. It also appears more along the lines of " high correlation is on/of" I did find this.... http://www.research.hsbc.com/midas/Res/RDV?p=pdf&key=2Q70z09rbF&n=282506.PDF

binary option....you give them your money. 1...you loose your money and learn nothing 2...you loose your money and learn something. Seriously binary options are valid, but first you should understand options and trading. In a nutshell they are bets pure and simple. Ones where you generally have no idea what the prices are, and when you can get out. They are just bets.

hi TRO, I am sure its been asked before, but with 130+ pages.....I was thinking about this in something I was doing the other day. For FX as it is 24 hours..... is there any particular time you recommend to reset the "low" or "high" of the day for which to look for the rat reversals to occur in (20 pips from the low/high).....or do you have another measure that I am missing? thanks.

they annoy the heck out of me....but ultimately like Zdo...i dont care. You have to remember that most of this is perpetuated by news people who are just parroting the brokers, who have nothing better to do. Remember what a risk free asset was - it was a government backed security.....now these are riskier than corporate bonds!! Other jargon that drives me nuts as its miss/over used.... "bargain hunters", when a market pulls back --"profit taking in the market today" and the continual - this is the biggest up day in X weeks, X days, whatever.....usually nothing significant. and the best is.... "long term" :haha:

try both....every system and user has different preferences and likes and dislikes.....needs and wants. Only you can try before you buy dont hold me to this as it is a generalisation and you should check various brokers..... most ECNs dont have a spread as such. They deal directly into the interbank market....and so any spread is just the normal market spread, without the additional spread of the broker....hence they might charge commission and have minimums. You need to check out each broker and see how they do it, why they do it, (remember they need to make money too) and understand exactly what they offer. Have you seen the firms that offer zero spread, and zero commission....ask yourself. How do they stay in business? If you have enough money stick to a ECN, pay the commission if its small (eg; $2 per million). It might save you more in the end.

yep.....seen her before. Problem is she clouds the issues with ideology - both political and religious.

The financial times in the UK. Has a great supplement every Monday called FTfm about the funds management business. This Monday the 5th Dec..... front page... "Active Managers spark row", plus there is another article talking about "innovation", imho topical given why many just benchmark....its is safer. FT.com / FTfm / Current Issue

fyi......a fluff piece maybe Hedge funds propped up by underfunded pensions - Dec. 5, 2011

for those interested.... Automated traders must provide continuous liquidity - EC | The Trade News

no not off the rails...it was a dig (that you obviously missed ) at your " You only open yourself up to people who will come in and criticise ther evidence without any real evidence."....dont sweat it and you are right....the question is too open ended. My bad. Yes there are funds that do outperform, yes there are those that under perform - what ever market you wish to decide and what ever benchmark and what ever time frame you choose. However.....just because you can find some funds that beat the market for a period of time. the question should be..... Do you have evidence that over the long run that most funds will NOT revert back to the mean return for whatever markets they trade - as claimed by MM? So far, we seem to have academia and often many institutional investors suggesting they cant - and hence why pay the fees to funds managers, while on the other side you have as MM calls it the hedge fund "propaganda" telling us that active management is not worth it..... So clearly in the minds of many it is not resolved. ....you might believe in the flying spagetti monster but It would be interesting for any of those actually talking about this to present some evidence backing themselves....and not claims of I have found someone who can/cannot over this so and so period....so therefore I am right.....now thats not a discussion. That a sales pitch. I dont think that markets are random.....but I am not so sure (not 100% convinced) whether or not most active funds can and will outperform the markets they trade in over the long run, or if they will revert to the mean of their markets. (If you think this is definitively answered then you clearly have zero idea of one of the major debates continually raging in the managed funds area.....its also probably not that relevant to many in a day trading thread, but given people have brought it up)