Is market efficient or inefficient ? Market is one of myriad aspects of life. Is life an efficient or inefficient ? sometimes i thought the thread is going to this direction. However, Thank you all. I disagreed with the opinion of some great people but for sure they have all respect and i also thank them deeply. Your posts, all, benefit me a lot. See you.
That is why 'logical thinking" is highly relative. I wish i could say to all people from the other school whom I know they are many and represent the numerical majority. Please try to keep the door open after you. Personally, i am keeping the door open here. I might be wrong .. totally wrong about my logic. However, i believe now that i am right and my opinion now is evidence-based..
Really, i do not want to take the thread to off-the-subject side and start, most probably, a fruitless discussion. To whom disagree with me and have certain negative thoughts about my approach, i have to say thank you with all respect. To whom provide a specific piece of info/advice about my technical question, thank you with all respect and appreciation. I consider this thread reached its end for me. You can continue discussion but i got the pro opinion for my question. Bye
it absolutely would make a difference. But nothing in your previous posts pointed to you having had exposure on the quant/algo side. Why I say that? * you have not mentioned a thing about strategies you ever tested, developed, perused nor have you mentioned tools such as Matlab, R, ..., which are often used tools in profiling ideas * you made clear you lack any familiarity with programming languages. If you ever underwent a highly quantitative training of any sort you would have most likely come across languages such as C/C++, Java, Python, ... * 10k trades per day per symbol is NOT a little higher frequency, its definitely high frequency. * how you talked about financial markets made me come to the conclusion you have never worked in this field, thus have close to zero exposure to market internals, micro market structure, order book mechanics. Please correct me other then saying I am wrong, use examples to make clear what you got and what you are willing to put in. I have nothing personally against you, but so far you have not shown you are the too aggressive or biting type of person who has it what it takes to get up and running in 1-2 years. Reading a lazy "Learn Java in 24 steps/hours" just does not cut it, imho. If you want to show you really are cut out for this and you need others's help then demonstrate it. Show where you post your coding quesitions on stackoverflow.com every single day, tell us in detail what your biggest limitations are, share your thoughts on historical data, how you plan to store and retrieve them for strategy testing purposes, how you plan in which architecture to test strategies, which asset classes you are looking at, which markets, ....so far you have just not convinced me and again its not your job to market yourself. But if you want constructive feedback then demonstrate you deserve it. That is my whole point.
lol, and what is this? For one second I was thinking, hey, lets invest another 10 minutes to post and read, and now this? Dude, what is your point of this post? You claim you have a PhD. You claim you are smart enough to think. You want to run high frequency strategies and do not have an inkling of how efficient/inefficient the market is? Hmm, ...how about starting to read some basic academic papers on the topic. You surely are used to doing that, correct?
Thank you for Chapter 41. Amazing book http://www.amazon.ca/Building-Automated-Trading-Systems-Introduction/dp/0750682515
Really? Looks like a very very basic c++ intro book with some almost irrelevant words about trading bolted on in the last part.
For me it is good. I just started to educate myself on programming, designing an ATS and so. . For you.. you might be a pro on those issues. However, i started to incline to use OQ. http://www.smartquant.com/openquant.php as a middle step till i acheive my HFT target one day ... What do you think about OQ?
I've never used it - but I've looked at it in the past, so I can only speak in general. Pro: It's c# based; so you get to learn a useful language that you can use outside of openquant while still dig right in and do system development rather than building frameworks - which you can't do well at this stage because you aren't much of a programmer; Con: I've never seen a trading framework without some game-stopping short comings; I do this for a living.