Recent content by Finn2008

Not the best argument I've ever heard!! I'd like to recommend and build on MrGecko's post earlier. Wasp said "They (SBs) are nothing to do with the market" ??? Well, apart from the fact that most SB firms are also dealers or MMs in Equities, Spot FX, Futures, Options, CFDs, and more, you are...

Oh Dear!! WOW - QUICK THINKING BATMAN - OH, NO WAIT!! Where did SB originate? Could it be??...the City of London...what a bunch of bl**dy amateurs!! It must be so nice to have an uncomplicated, black and white view of the world... such a pity reality gets in the way, isn't it? DA for...

Oh really Paul! Actually, statistically speaking, for any given trade on a typical strategy (e.g. 50% win rate), it is almost all luck! What you mean is that the 'luck' diminishes as the number of observations (trades) increases. So, for a trader over the long run (thousands of trades over...

Hi Rapster - sounds like you have a problem. I assume you want to become more prop oriented, which I assume your firm doesn't do? If you were in Equities this would be less of a problem, since at most I-banks there is more crossover between Sales and Trading on the Equity side. I can only...

Why do we expect systems to WORK? If they're selling them, they can't be very good, can they? If they were, they wouldn't BE selling them!! (quite apart from the fact that so many people will trade the same system it clogs the market and further reduces efficiency). Stay away from 'systems'...

Just thought I'd add for any UK-based traders that you can get a copy of 'Day Trading w/ Short Term Price Patterns and ORBs' from the British Library. Can take a while though! I believe it is the only copy in a public library in the UK. I spent GBP10 on photocopying and voila... my own copy...of...