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This market is amnesiac. It forgets everything by the next day. WTF is Covid? Did you say inflation? What is that? And so what if Jerome Powell raised 0.75 BPS and the economy tanks as a result? Some people might starve, but that's okay. It's all part of history.

It was NEVER a bear market in the first place. :banghead: :sneaky:

Just started reading...the author, also a trader, approaches the algo trading from a non-quant, non-math perspective.

Probably one of the most boring books on the subject of trading. In fact, there is nothing to chew on as far as trading goes.

Sorry if this has already been covered, but considering that you're using the hourly chart, what's your holding period? Is it open-ended until one or the other is hit?

The problem with all these "stats" are they've been manipulated to look much better than they actually are. For instance, why the hell are you excluding food and gas out of CPI, when they are the ones that take the biggest toll on consumer spending. Same for unemployment. They don't contain...

I would agree with ON. Privacy and regulation are two different things.

Good ol' days are over, boys. Time to move on. :sneaky:

What instrument do you trade? Is your algo high- or low-frequency? Since my algo is set up to trade only index futures, I don't have such a problem but you brought up a good point. During Flash Crash, all my data (from 3 different sources) were either frozen or massively delayed. The best...

My point was, in response to your claim that your order "could get filled", that in a dire circumstances like Flash Crash, which is very different than a normal panic (but still orderly) selling, there is ZERO chance of getting your order(s) filled, ie. getting out of a losing trade.

If you use stop LIMIT, you won't get filled. It will just get skipped over. If you use stop MARKET, who knows where you'll get filled. Maybe 2000 points below (500 ES in 2010 equivalent to today?) after 5 to 10 minutes later??? It's very possible that 1 bad (unlucky) trade could wipe you out.

It could, but it won't. If you haven't lived through that moment, you won't understand. There's no way to know whether this is just another orderly selloff or it's the REAL panic. Just take a look at this video and you can palpably feel the panic in the squawk.

Guys, this is about automated trading, most likely carried out on a remote VPS somewhere, which means you will probably not be actively following the market. You will only hear about it after the fact. Hence, manually getting out of the trade is out of the question. So the question then boils...

Well, I dunno if you witnessed the Flash Crash in person, as I did, there's NO WAY you would be able to turn on the "kill switch". The S&P tumbled over 100 points (can't remember the exact number, but huge amount for that time) in a matter of minutes--viz. blink of an eye.

For those who automate, I'm just curious what risk metric you consider as sufficient to get around catastrophes like Flash Crash. Do you have a pulse on sudden volume spike to prevent you from entering? How would you manage to get out if you were already in a trade (although there's not much you...

In theory, you're spot on. But in practice, beside all your usual platitudes, it's a tad bit implausible. I've yet to see anyone strike BIG with options. At least, not on a consistent basis. Plus, if you want others to follow your advice, show something that they can grab on to. So far, you've...

Do gaps even matter any more? They used to, but their significance have waned over the years IMO.

@themickey Dude, how come I can't see your post? :( God forbid, you didn't relegate me to the ignore list (What did I do??) :banghead: Anyway, is this one of those thoughtless banal thread? Why do you even need to know what "game" Blackrock is playing? Not like anyone would know or care to...

Man, they are too damn bloated already. Why not focus on growing what they already have rather than expanding? Why do you think all the great empires in the past blew up so spectacularly? It's because they've stretched themselves too thin. But what do I know?