Tag Archives: broker

Prediction Markets vs. Bookmakers — The Ultimate Argument

Las Vegas Sun: “The bookie’s odds will be influenced by his appetite for risk, the action he’s got on his side and his own bias,” said John Delaney, chief executive officer of Dublin-based Intrade.com, the world’s largest prediction market. “If … Continue reading

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What Max Keiser says about his moment at the helm of the Hollywood Stock Exchange.

Max Keiser (Co-Founder of the Hollywood Stock Exchange): Co-Founder, Co-Chairman Hollywood Stock Exchange (Privately Held; 51-200 employees; Financial Services industry) October 1995 – December 2000 (5 years 3 months) Invented the Virtual Specialist Technology (U.S. pat. no. 5950176) that runs … Continue reading

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Once again, wannabe dictator John Delaney censors a sound comment from a rational and well informed TradeSports trader.

On the TradeSports forum, once again, a legitimate comment from a TradeSports trader has been pruned. Here’s the line from event derivative trader “Vancheeswaran2″ that was expunged: [...] Tradesports claims to be just like NYSE or LSE, but anyone pulling … Continue reading

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TradeSports Cost of Service

Why can’t TradeSports just make it simple, honest and clear? OK, here’s the order of events as I understand them: 1. Last fall TradeSports says trading fees are a nickel for price takers (.03 at extreme prices), zero for price-makers; … Continue reading

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Next lesson: so the “futures” aren’t really futures

This post was originally written for users of the simExchange prediction market following the expiration of March 2007 futures, the first round of the new prediction product. So now you’ve got a taste of what futures contracts are like…shorter-term projections … Continue reading

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Traders’ Top 10 Mistakes

Via The Big Picture, Jim Wyckoff: #1. Failure to have a trading plan in place before a trade is executed. Without a specific plan, a trader does not know, among other things, when or where he will exit the trade … Continue reading

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How to trade in futures market?

The futures market offers the opportunistic investor the option of using small amounts of their own money to control large amounts of products, including gold, currencies, and agricultural commodities. A futures contract is a legally binding contract to deliver, if … Continue reading

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