Registered: Sep 2007
05-27-10 03:04 AM
Quote from zx12:
After being quiet for years, I figure I would do a public service and maybe save people some money! Unless someone out there is the next Einstein, trying to have a fully automated profitable system is NOT going to happen!! I will tell you why.
Every year the brokers go to the university of Chicago, Northwestern University, M.I.T., etc. etc. and offer the top math, physics & IT people UNGODLY amounts of money to come up with a profitable system, and to date it hasn't been done!! I'm not talking HFT programs here, where speed & volume is the main trick. Which is very difficult in itself!
So, if the very best minds in the world have tried & can't do it. Why do so many people think they can?? Seriously, it was 10 times easier to build the first atomic bomb!!
Since you have been around since 2006 you should know about funds like Winton, Transtrend, Abraham, Cheasapeake, etc. These are systematic programs managing in the billions.
Your bomb analogy is quite random and absurd.