fattyfatfat

4 ms·

1.
by fattyfatfat 18y ago
And lastly: I wrote a lot of that just as I was figuring things out, so I don't know how much of that I still stand by. But this morning, I wrote the one thing that I'd recommend to anyone who is interested in this sort of thing. http://fa
2.
by fattyfatfat 18y ago
I use interactive brokers. The cost of a ES mini (SP500 mini future) trade is $2.40. Stocks trade for half a penny to a penny per share with a minimum of $1.00 per transaction. I think they require 20k to start a new account these days thou
3.
by fattyfatfat 18y ago
I've heard good things about http://www.prophet.net/ from other finance professionals. I've personally never used it. I just download raw pricing data then backtest it myself. You could learn how to do it on even yahoo data if you wanted
4.
by fattyfatfat 18y ago
http://fattyfatfat.com/2008/10/automated-day-trader-most-tec... I still stand by my above claim that Tech Analysis (and especially LONG term trending) has no theoretical basis, except for the fact that everyone else believes in it.
5.
by fattyfatfat 18y ago
Intelligent Investor: absolutely. My first investment book. My deep suspicion is that THIS book will be more important in the next few years as company valuations tank. Even now tons of firms trade below book value, which was one of Ben Gra
6.
by fattyfatfat 18y ago
on that note, i lost over 1000 bucks a day for 3 days straight, which is when i quit. and on having the "secret sauce" to beat the market. Read about Edward Thorpe. He's a badass. He wrote the book "beat the dealer" which was the bible on c
7.
by fattyfatfat 18y ago
you're right. and i ran it until it started losing. I announced the day i quit running the basic moving average crossover algo. I still dabble with variations of it (made like 250 bucks last friday), but I'm now doing way more research and
8.
by fattyfatfat 18y ago
its quite true that a lot of people do it. Its not ACTUALLY a profitable venture in the sense that the risk-reward profile from a purely monetary standpoint is probably unjustified. I did it for fun, to learn, to gamble, and hopefully get l
9.
by fattyfatfat 18y ago
touche
10.
by fattyfatfat 18y ago
Matt1, you're exactly right. its just a bunch of if then statements. I played with quite a few variations of a VERY simple, primitive strategy. I'm the first to admit that that day's P&L was largely the product of luck. In fact, I had q
11.
by fattyfatfat 18y ago
um well, hello. so thats my website. quite the site here. and quite the surprise to see that i'm getting any attention at all. a lot of very intelligent commentary.