agreed it's a big money game and requires ice water in your veins. ps i meant you no disrespect at all - my point was that i know for a fact i am going to be profitable overall - there has to be no doubts, no stones unturned, solid tempered knowledge to not train wreck in this business. beyond the edge: auto generator, entire office on rv inverter with batteries that will run everything for hours in case trouble with generator, four separate internet feeds, different trading accounts all with different data feeds. all phone numbers on microfilm including home, vacation homes, cell phones of them, their wife and kids of anyone i deal with professionally. say a outage happens and you have a large trade on what will you do? first i enter the opposite direction with same size in a different account at my back up brokerage running on my back up feed and backup internet connection. then i call the desk to liquidate the trades on the failed workstation. most traders would be losing their ass fumbling around, i take action cause i fcked around and found out all this stuff.
The important aspect of scalping is that it can work in both trending and non-trending environments. However, it will never approach the profits of a trend-following system when there are nice intraday trends. Some study done a while ago indicated that the EMini futures market is best exploited most of the time with a counter-trend system. A really sophisticated system could start out in trend-following mode but if there are initial losses, it would switch to counter-trend trading.
No matter what kind of tricks you try to pull... You can't beat the game with math and statistics. At the end of the day, it's your ability to predict which way the market will go. You can hedge all you want, but it all relies on that. Although scalping may be the least correlated to actual predictive abilities because you can win on market noise.
don't think jim got that memo did he syswizard? lol don't see jim commenting about farming! old saying don't play another man's game - also don't play with the pigs they like the mud too much!
I've never farmed a day in my life. And are any of you Jim Simons, btw? You're honestly giving me advice about what to do if the power goes out hahaha. Sorry your suit doesn't impress me. Bring a little more substance and less mouth.
You know his find lost money in 2020, right? And do you, I, or anyone here download Terabytes of data every day to use in your algorithms like he does? Didn't think so. So why even pretend you're in the same category.
Another usable example would be the LTCM bailout, where the Black-Scholes model + leverage caused a worldwide crisis!