I don't know. It just 'got there'. Currently they are: -Execution platform (IB) -Index Charts (Futures) -Stock scanning / screening / pattern development (OmniTrader) -Equity Charts and applied analysis (eSignal (yeah I know it's lame but it works for me)) -The same once more - but with 1,3,5M and ticks only. -Futures tick charts (long and wide) -To identify "market waves" etc -I mainly look at COMPQ, SPX, NDX in order of importance. -Communication (Trillian universal messenger, Outlook) for all kinds of communication including organizing 'stock-attacks'. ~BTW I didn't know a position trader needs that many monitors! ~The Scientist
The Poll makes about as much sense as were you breast-fed or where you weaned on a bottle. The point is there is more than one Jim Clarke. The World Champion Formula one driver could DRive better than any PHD. Driving is a life and death thing. You do need the basic skills of knowing how to read. Four years more experience in the markets can never be made up. Years of studying Edwards & Magee and classes with John Hill learning OHLC chart patterns was eventually thrown out when I specialized in the highly profitable field of trading Seasonal Spreads. Ross teaches us only need close only charts trading Spreads. Why would you want a JOB anyway? I check my charts when I get home from the beach. Business people, are these the kind of people you look up to? Sad "Cognitive Dissonance.â That is when someone has a long held belief rooted so deeply in their psyche that they can not see anything else, even if visible facts present themselves that prove contrary to their belief.
Scientist, the "black swan" is an image that represents the unforeseen event. Can we infer that all swans are white because all the swans on the lake are white? Just one black swan would refute that theory. Same with the russian bond default. It isn't because Russians have never defaulted on bonds that you can infer that 100% of the time Russians will not default on the bond (which they did in 1998 and led to the downfall of LTCM) All nobel prize winners. Read "Fooled by Randomness" by Nassim Taleb. It's a good read. Don't take it too seriously, but some of his sayings are true. You can't control everything.
Funny that, swoop - Here in WA (Western Australia) we don't have white swans at all. They're all black. The black swan is even the symbol of our flag. So, just going to Western Australia wouldn't only refute, but completely reverse that theory. Just as you may say there are no black swans, I may rightfully say there are no white ones. We're both wrong, but we're both right wihtin our own universe of perception / experience. This is not only a major point of probability, but also relativity, in that you may not have seen a lake of black swans, but realistically could in an indefinite amount of time in the future or even already have in the past, in a parallel dimension - Since we're warping through an infinite amount of dimensions every second, we're getting a bit of every dimension and so the 'path' we walk in our lives could change any moment. All the swans on your pond could turn black or even blue right now, and you could end up losing all your equity in a second-to-none crash and end up being the milk boy delivering black milk to those in need, like the black minority that all of a sudden turns into a majority in the U.S and has decided to oppress and enslave the white people in revenge of past events. Conclusion: Be nice to everybody, since you never know who'll be on top tomorrow. And beware of the russian markets since you never know when they'll get flattened by the new U.S. President Martin Luther King II. Many thanks for the explanation swoop. Great metaphor. I'll get right into those books. Sincerely, ~Scientist
We dont....it is an ego thing But seriously, One screen for L2 and T+S`s, one full screen for AIQ systems realtime alerts software and one for scrolling news with a 11 size font and a 5 minute chart of the SPY
Agree.. The funniest thing I saw was statistics based on curve-fit systems. He was proud of seeing his systems with all the positive results. It was really hard for me to stop myself from laughing. trend
Need one more option - High school - then 4 yrs United States Marine Corps. Semper Fi and Make 'em pretty, Chris
Yeah - That's a funny one - Or not? I try to stay away from curve-fitting / optimization altogether. I consider it somewhat of a "Damokles' Sword" - The horse-hair will tear. Eventually.... However, I don't condemn curve-fitting at all. I think it's a very necessary part of trading that makes sure that more spare money (beginners' equity) flows into my accounts. Thank You to all of you who use curve-fit systems! ~Scientist
Hi guys, do you think my degree in English will help me to become a profitable trader? (I'm kidding you jackasses)