EliteTrader.com Forums

When they say US will become Mexico, this is what they mean

Sat, 07 Nov 2009 04:51:35 EST

Kamala in the Economics forum:

]]>

The woman gave birth to a girl through cesarean section at the Central West Hospital

She told authorities she heard her baby cry but when she asked to see the child, doctors told her the baby had been taken to another hospital and had been cremated. :eek:

http://www.telegraph.co.uk/news/worldnews/centralamericaandthecaribbean/mexico/6505231/Doctors-in-Mexico-arrested-over-newborn-baby-selling-ring.html

Brown.....Another Non-Qualified Clown

Sat, 07 Nov 2009 04:48:23 EST

libertad in the Wall St. News forum:

]]>

http://www.bloomberg.com/apps/news?pid=20601087&sid=aeisKwHGa3ZA&pos=1

Since when do people who have never been in or participated in....nor studied properly....get to be in a position to implement changes regarding the very subject for which they know nothing about ?????

The US and UK in particular are being run by ¨Clowns and Fools¨.....

Very dangerous to their own county�«s economic health....

Remote Desktop App for Iphone

Sat, 07 Nov 2009 04:35:08 EST

trend7rader in the Trading Software forum:

]]>

Looking for a decent, fast and stable application for remote desktop access via the Iphone: I've narrowed it down to GotomyPC, logMein, RemoteDesktop, jaadu vnc. Has anyone tried any of these? Any comments on any of these much appreciated.

R. Raskolnikov

Sat, 07 Nov 2009 01:02:34 EST

godsome in the Psychology forum:

]]>

The Swordsman (R. Raskolnikov) is a great example of the stages a Hershey trader goes through while studying Jack's "teachings."

Stage 1 -- Eagerness and Ingratiation

licking my chops as i only get better yes, agree jack and spyder are great, jack is a little tough to follow but his teachings, once untangled, are very helpful!
http://www.elitetrader.com/vb/showthread.php?s=&postid=1563544&#post1563544

Stage 2 -- Delusion and Defensiveness

Im sure you probably didnt know this but actually on the very first page of the "Spydertraders Jack Hersheys Futures" thread there are links to many pieces of info for people to do their due dilligence first, ranging from the terminology to concepts to just basic background info. Anyone who read that stuff and continued on would never been seen as following a guru blindly. And it cleary states that one should read all the associated links before moving on.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1862711&#post1862711

Stage 3 -- Denial

I've repeatedly told you I don't trade SCT only that I asked some questions over a year and a half ago
http://www.elitetrader.com/vb/showthread.php?s=&postid=2082939&#post2082939

Stage 4 -- Acceptance

Not once have I ever spoken to Jack Hershey and for all I know he's a shitty trader like you all say.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1753104&#post1753104

Newbie question: why do stocks rise over time?

Fri, 06 Nov 2009 23:34:14 EST

frozzor in the Educational Resources forum:

]]>

Ok this might sound really stupid, but why do stocks have a positive real rate of return over time?

If stock price is equal to the expected value of all future earnings, then 'because companies grow over time'(the explanation i hear the most) doesn't seem to make sense.

Is it because you are getting paid a premium to take on the risk?

Thanks

High Frequency Trader/ Modeler

Fri, 06 Nov 2009 22:48:09 EST

c plus in the Prop Firms forum:

]]>

My partner and myself have written a code in C++ for trading ETF's. We have a successful 7 year track record trading ETF's. Using the same model we have successfully implemented the system to trade Ag Futures as well as Equity Futures. We can run the system with high frequency or slightly longer time frames. Our Trading System Software speaks volumes to; trading what you see and not what you think or feel. The algorithms core engine is centered around price and supply / demand characteristics.

This prevents the trader in holding a losing position too long while taking full advantage of trend expansion moves.

1. A sound methodology

2. Business trading plan

3. Entries, Exits and 1st objectives based on average true range

We are looking for an opportunity to start a group with in an established firm. We have capital but we would like the opportunity to build a group of 10-12 traders using our system. With an established firm we believe they will have the business model already in place and we can concentrate on the trading and software development of the system.

If anyone has any suggestions as to what firm we should contact please PM me or email me. Thank you.

Favorite stocks for high frequency day trading

Fri, 06 Nov 2009 22:41:18 EST

hopeful in the Trading forum:

]]>

What are some good day trading stocks that have a nice tight spread and good intraday directional movements? I've been trading GS but that sucker has more spread than a two-bit whore, not as bad as GOOG or BIDU though. Thank you.

Long stock long more gold

Fri, 06 Nov 2009 20:28:37 EST

noddyboy in the Trading forum:

]]>

Is the most awesome combination!!!
Follow the trend.

How about we move beyond Guessing, because we'll have to eventually ask

Fri, 06 Nov 2009 20:19:23 EST

Kamala in the Economics forum:

]]>

Debating endlessly what is going to happen is not very smart because it is clear what is going to happen.

USD is finished

USA is finished (look at real unemployment rate)

Ladies and Gentlemen I only have one question in my mind

Is average voter to blame or is completely corrupt war mongering United States Government to blame UNDER THE THUMB OF PRIVATE FEDERAL RESERVE

You decide

Reuters: Stevie Cohen's SAC Capital involved in insider trading

Fri, 06 Nov 2009 19:53:31 EST

wilburbear in the Wall St. News forum:

]]>

I was fooled by SAC. They were worshiped everywhere.

http://news.yahoo.com/s/nm/20091106/bs_nm/us_galleon_arrests

Generating 5 second realtime bars from real time tick streams

Fri, 06 Nov 2009 19:27:13 EST

sappjason in the Automated Trading forum:

]]>

I'm an automated trader that relies heavily on Interactive Broker's 5 second real time bars, but they have recently become VERY unreliable. So, I've purchased a subscription to DTN's IQFeed and I'm trying to replicate the real time 5 second bar behavior.

Replicating the historical 5 second OHLC bar behavior (with VWAP) was easy, but I'm really scratching my head with how to generate 5 second OHLC bars in real time.

My server is in a co-location facility that has HUGE internet bandwidth (about 80 mbs), so I don't think I'm going to have a problem receiving the data. But, I'm worried about lagging data and building bars accordingly.

What I'm looking for in this post is to see if anyone is familiar with doing this type of thing....

Here are my thoughts/questions?
Basically, say it's 10:00 AM (on the nose) and I want to generate a 9:59:55 to 10:00:00 bar and I'm receiving tick data on 100 stocks. Some of the data that I may be receiving could be a couple seconds old with timestamps that are still 9:59:56 or 9:59:57. So, at 10:00:00, it's not really appropriate to generate a 9:59:55 to 10:00:00 bar yet as they would be incomplete. I have to wait until all of my 9:59:55 to 10:00:00 data has arrived. But, how do I know when it's all arrived?
My initial thoughts are to ALWAYS have a tick stream for SPY and QQQQ and use their exchange timestamps to figure out when it's possibly appropriate to generate all 5 second bars for that particular 5 second period.

Basically I would just be using the SPY and QQQQ tick streams as my timer. So, perhaps when I start seeing 10:00:01 data on both SPY and QQQQ, then it's possibly safe to go ahead and generate my 9:59:55 to 10:00:00 bars (for all 100 stocks that I'm watching). But I'm guessing that this will even sometimes miss data for my 9:59:55 to 10:00:00 bars, because there still may be some lagging ticks coming in for the 9:59:55 bar after 10:00:01 (I really don't know).
I'm just very confused as to what really makes sense and I'm looking for direction. So, does anyone have ideas or suggestions?

Thanks,

Jason

Margin equity percentage.

Fri, 06 Nov 2009 19:03:19 EST

KINGOFSHORTS in the Trading forum:

]]>

So what is your margin equity percentage?

Currently I am at 99.18%

Wall Street vs. Main Street: Who is the true Laggard?

Fri, 06 Nov 2009 18:42:03 EST

saliva in the Trading forum:

]]>

It's been said that the stock market leads the economy by as much as 6 months, if not more. Considering that the current market shot up more than 60% since March of this year, it's safe to conclude that the market must have known 6 months ago that the overall economy would improve in six months time (which is now). But is the main street any better now than 6 months ago?

Here's another example. The stock market fell off the cliff in July 2007 when the subprime bubble popped. But this event did not surface overnight. There was numerous evidence coming from the main street that suggested the trouble had already begun. Even the stocks of home construction companies were under water long before the general stock market came to a screeching halt.

Does the stock market truly lead the economy by 6 months as the textbook hacks would suggest? Which is the true laggard of the two in your opinion?

Very nice BBC program on Warren Buffet

Fri, 06 Nov 2009 18:39:57 EST

website in the Trading forum:

]]>

Highly recommend it.
http://simpletrader.wordpress.com/

http://simpletrader.wordpress.com/2009/11/06/nice-bbc-program-on-warren-buffet/

Hopefully not a (future) sign of the times..?

Fri, 06 Nov 2009 17:50:23 EST

MattF in the Economics forum:

]]>

How many more are like this guy?

http://www.cnn.com/2009/CRIME/11/06/orlando.shooting.suspect/index.html

Orlando, Florida (CNN) -- The suspect in Friday's shooting of six people in a downtown high-rise is a 40-year-old "man with economic woes that include a recent bankruptcy filing, federal records show.

In his filing last May for Chapter 7 bankruptcy, under which he sought to have his assets liquidated and his debts discharged, Jason S. Rodriguez listed his assets at $4,675 and his liabilities at $89,873.31.

His 2002 Nissan XTerra with 110,000 miles represented $4,000 of those assets. His personal property filing described the vehicle as having body damage on the right side, an air conditioner that did not work and a transmission that was slipping.

He said his monthly income as a "sandwich artist" at a Subway Restaurant in Orlando, where he had worked for nine months, was $890.67, and he listed his monthly expenses at $815.

A man who answered the phone at the restaurant referred a caller to company headquarters, where spokesman Kevin Kane confirmed that Rodriguez had worked for the company, but left six weeks ago. Kane said the company has a job title of "sandwich artist."

Before leaving Subway, Rodriguez's income had already taken a hit, dropping from $27,686 in 2007 to $13,936 in 2008.

Rodriguez estimated the value of his household goods -- a TV, microwave, bed, computer, dresser, two night stands, etc. -- at $500 and said his girlfriend owned the remaining household goods.

He faced an $11,085 claim of child support.

In addition, he was behind on his rent ($1,402.05), owed $450 to American Express, $110 to AT&T for his cell phone service and $343 to Florida Hospital Orlando for unspecified medical services, the document said.

Among his creditors were the Internal Revenue Service for unpaid 2005 and 2006 taxes totaling $2,415.

The largest debts were for student loans -- $8,500 to Wachovia, $28,912 to Sallie Mae.

Orlando lawyer Charlie Price represented Rodriguez in his case. "It's not that atypical from most everyone I see," he told CNN in a telephone interview. "That's how it is right now. He's a very typical client. Of people that are suffering through the economy right now, there's nothing extraordinary about him ... except that."

Price said he had had no contact with Rodriguez for several months, and added that his former client did not owe him money.