JH, you believe FI does nothing other than earning commission from clients right? Then what is HFT for? Is that stand for High Frequency Transaction making for earning clients money?
I'm sure I convey the simplisitc view you concluded. Two aspects of HFT training (eseially within a client base) are frequent commissions and fees. and the least possible profits if any. Look at expert effectiveness and expert efficiency. HFT is miises on both in terms of iterativerefinement. HFT trading simply piles into a FI regulartory gap. This brusque level of lack of mentailty does come close to escaping the baseline mentality and arriving on the doorstep of super brain operations. How expert does a person have to be to recognize granularity in market variables? you may not. how expert does a person have to be to see that HFT leaves out the independent variable and a leading indicator of price? you may not. How expert does a trader have to be to recongize that HFT assures, for the expert, an additional advantage in differentiating the middle of rends? you may not. Why do you continually make false starts in reasoning on any basis?? As a person trained and recognized in the kinds of therapy you exhibit you need, wh ynot read somestuff about the things you presently do not know you do not know? Ingorance is not a handicap at all. recognizing ignorance is one of the steps that occurs prior to becoming a potential trader. you are mentioning sector after sector of trading dn you always cite myths beleived by the ingonorant. sit in the office of a floor trader. Look at all the badges on the jacket. Lean over and pick up a card. Take out a pencil stub from the ash tray nearby. See if you can under stand each of the 10 lines on the card. Look at the dull color of the card.. Look at its stifness. Look at the pocket opposite the handedness of the floor trader. Is the left or the right seam torn or shredded? Ask why. The whole market system of operation has 56 elements. How often is their order as complex as the 10 items on the floor trader's card. NEVER not even once in a great while. Why did I always get 10 minute call backs from EDF Man floor traders. why did at least three of them on one floor have voice recognition of my voice. Why is it that you never had a trader fill in a card for you? it is because you are a newbie and that way of trading is over. see if you can figure out why I got calls from the floor. see if you can figure out why traders on the NYSE form a gruop to sing happy birthday during regular trading hours to a young woman (daughter of a CEO of a major corp) with me in the balcony who was having a birthday ( at a time before the glass was put up) keeping your mind stuck is not a good idea. as these myths you beleive keep getting added to your base line brain, you further close the door on building spectrums of facts that form rational systems. take a sheet of paper. use a pencil to make a line drawing. the measurement of the drawing result comes very close to where your brain stopped growing. It is an estimated age of the brain of the person who did the drawing. Now what is a good topic for the drawing. A trained person like me hands out the drawing to copy. any person solo'ing could chose a recommended topic. There is a highlight recommended book on this topic and it measurement. read it and use a magic marker as well. Underneath a lot of what I present is an idea. the idea is named "seeing the market". People fit into wo groups on this topic: the majority and the minority. the majority nevr ever see the market. None of the topics you bring up in your thread are related to having seen the market ever. bad news for you.
Why do you really doubt it? And why do you limit succesful (I assume) trading to 'the art of chart reading'? I already mentioned 4 PhDs in math who've made a KILLING in the markets utilizing HFT-strategies. No charts. There's at least one quant in the Market Wizards books. Probably more. Wall Street loves quants. Of course, math is only a tool, Just like programming is a tool. A good analogy would be that great tools doesn't make you a great carpenter. You would still have to know how to use them. Math alone won't make you a (great) trader, but I personally believe it can be very beneficial for successful trading.
i know some of PHD's in math/physics who couldn't earn even a cent from market .i also know a PHD in quant mathematics who left his knowledge and began using charting.i can not find any logical relation between finding a proper setup (in charting )and mathematics.other methods like quant,etc.. needs deep math knowledge and i'm in doubt if they are profitable methods.actually finding a proper setup is much much more harder than learning advanced mathematics. nor math nor any other science will not necessarily help some one to be a better trader. why ? because science deals with constant situations. market is dynamic and is consisted of many many variables. we are in the midway of Fifa world cup.there are some PHD's wo bet on winning teams and as a matter of fact more than 95% of time their prediction is false .please give some examples of why do you think math can help some one to be a better trader ?....i think among these majors, psychology (especially behavioral finance) would be much more beneficial than math.
check this out : Masters degree of proprietary trading at university of Herdfordshire (UK) http://www.herts.ac.uk/courses/proprietary-trading
You're obviously very ignorant. Since you know that finding a proper setup is much much harder than learning advanced mathematics, I assume that you're have: 1) Found a 'proper setup'; 2) Completed a PhD in math or similar? Saying that "science deals with constant situations" is a fairly ignorant statement. If you want proof that math is beneficial for trading, just open your eyes and see everyone who's actually successful consistently trading the markets utilizing math. I've already given multiple examples, so you should be able to verify them yourself using Google.
the first thing a trader learns is that he should have ability to reject his own ideas and beliefs and their will be no certainty in trading.you said i'm obviously ignorant.ok. let's assume i'm ignorant and i'm not educated .please give me evidence (not example of those super traders in the book) about your assumption that you claim math can help "someone" to be a better trader instead of non related questions .i did not continue my phd,i left it cuz it had no benefits for me .let's say my sentence in a better way:" finance related science" deals with constant situation .Nasim Nicholas Taleb (PHD in statistics /a succesful option trader who predicted financial crisis and a professor of mathematical finance in new york university and authour of black swan book) has an interesting quote ,he says: even in the best quant/financial engineering schools of USA,the stuff will be nothing more than "pseudo science" and false theories. in my case ,my limited math knowledge in the masters degree of engineering (with heavy math emphasis) and also MS in investment management (finance related) did not help me at all to become a better trader.i promise to understand all of your future complex mathematics related examples. just show this ignorant person (me ) how to implement math into trading in order to become a better trader.numerical method ? stochastic calculus? analytic ? time series ?entropic calibration ?Monte Carlo simulation ?? conic duality ? time stepping methods ? sorry , i was a lazy student so i just have heard those names and don't know anything about them. please explain exactly how to earn money with those " science" ? HELLO REALITY , if math really worked out in trading fields all of mathematicians would left the universities and salary based living and those quants (most of them ) did not look for a job,rather they would go and trade for themselves. if you know some PHD's in math who are profitable ,it doesn't mean math can help someone to be a better trader .it's just a tool like other tools. ignorant people are those who think they know everything and can judge easily and still did not have ability of removing bias from their mind.
Mark B Fisher, a very great and succesful trader, will tell you that of all the people he trained those who fail the most are those with degrees. The more degrees the higher the failure rate. No hypothetical discussion, just fact.
i don't judge about it's content or university quality,it will not make someone trader,but it's content would be much better than another majors in order to hep someone . they offer technical analysis, money management,price action,volume and order flow,etc... which these topics will help someone as stepping stones in order to build their own edge .they will not teach you any edge. a technical analysis certificate in Golden Gate university and this Hertfordshire program (with T.A content) are only programs/certificate i know in academic field.