With 14,389 posts on a blocked profile, I would like to bet you are not a professional trader, speculator or gambler. Serriously, it is clear you...
Unless we are misunderstanding terms, you are incorrect- flat out wrong, so let me see if we are just on different pages: It is well known that...
What type of trading do you do these days? Many years ago I think you were in a huge opening order crusher.
It even hurts those trading small size.
Many of the old successful winning traders exploited market and regulatory inefficiencies that no longer exist, as was mentioned by a prior...
Neidehoffer blew up several hedge funds and now tweets drival on a daily basis. There is no excuse for blowing up two funds filled with millions...
Very Strongly Agree.
Ummm... the strongest ideas usually come from winning traders. Serriously... this is a good rule of thumb In most areas of life. But of course...
Risk management is not what is typically thought of as an edge- positive expectation on bets/trades. Risk management deals with variance. Without...
Not true at all for top firms. Many, many firms have made fortunes with automated algos. Renaissance is up tens of billions. But for amateurs,...
I knew sports bookmakers who let select winning players bet within limits so they could follow along and bet big on those picks, as well as adust...
Exactly. Renaissance Technologies has never hired a Wall Street type: MBA, Finance, Economics, etc. Renaissance has hired: science, math,...
Agree. We will not buy an online system, plug it in, and become wealthy! On the institutional level, however, Renaissance Technologies has made...
The US state of Hawaii will be enactimg one, so we can follow that one as well and see how things go. Obviously, we are awash in abundance and...
In HFT, yes. In moSt situations, yes. ETA for AI to do almost everything better than people keeps being downsized. One day AI will be capable...
Choosing your mentors wisely is sooooo important.
Mathematically speaking, if you knew you had a worthwhile edge, the right time to stop gambling is never-- like a casino.. or a Quant system....
A time and place advantage can help big time, but most will not successfully seize the opportunity, as you have done. And even with these...
Exactly. Trading wiz (now worth quite a few hundreds of millions) Blair Hull has a saying: "Know your edge, exploit your edge— survive the...
100 percent false.
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