Search results

but there is no standard measuring stick. you might be average using one measure, but in the top 1% in another measure. the funny thing is your reward in life does not have to depend on winning in just one accepted measure. you can win if you are in the top 1% of any measure (note the word "can"...

would that be considered "quote stuffing"?

If index futures are tracking market indices and if the indices are tracking baskets of stocks, then how in the world would HFT make any difference in the behavior of index futures? Perhaps it might make the index futures track the indices better but that wouldn't change it's trending or...

I see, thanks. It makes sense when the trend is strong not to bother with the counter-trend moves... And the point about never to fight the market is well taken.

nodoji, I echo the thanks for the great example. I also would have thought that in keeping with the "no prediction" mindset, one might have shorted at the failed breakout, then seeing the reversal failing @10:45, get out, then next seeing that the resistance is breached @11:00 one might go long...

My guess is there was more statistical significance in your day trading experience, and less so with your occasional gold trades. So it is hard to walk away with the conclusion that less trading is better. In other words, you might have just gotten lucky on those gold trades, where as if you day...

Congrats and nice job getting out of the draw down this year...

hmm, so are you trading your slogan to: 100% of traders lose, they just lose!!

I am guessing that your draw down will be relatively large with a 15 tick stop. 5 losers in a row can happen quite often; that's 75 ticks or 18.75 ES / SP points. If trading just one contract, that can be about $940 + commission... 10 consecutive losers can easily happen in 10 years, that's...

Sounds believable. Your directional guess is 50/50. But since you limit your losses while you let your gains run, you get a positive expectation. Your stop loss is 15 ticks so that means your gains on average must be getting more than 15 ticks = 3.75 ES points. I guess this is realistic also...

repubs blame Obama for everything wrong in the world.

Interesting plot showing the share of algorithmic trading in each asset class. I wonder if it's a coincidence that a lot of banks have downsized equities first, then futures, while now bonds and mortgages are hot hot hot. Perhaps when machines take over, the margins are too slim to matter even...

Since you appear to be an authority on this subject, I am not sure whether to believe you or not.

Can I buy an option on that handle?

the HFT boogeymen are out to get you! they're everywhere and you can't escape them!!

Might be over simplified. I know a lot of smart creative people who are not interested in money. I know some of them in fact have an aversion to focusing on money-making. It seems a lot of people deliberately choose careers and paths that they know are not financially rewarding.

Nice answer. From my experience, you can throw all the classification models you want at the problem, but in the end what matters is whether there is a real signal buried under the noise, or whether you are just going to fit to noise. This goes for neural nets, SVMs, SOMs, logistic regression...

yes, but then you would hope that humans would have evolved their social structures further than tunas or gorillas for that matter.

anybody out there chasing icebergs or is that game over?

Hey RN, thanks for the subjunctive offer, but then again, my whole point of trading is to avoid the need for being hired for anything... good luck to you :)