So true
Livermore made many valuable observations about trading and life
He also died broke and depressed after numerous boom and bust cycles
He knew what he spoke of very well
Very few people can never do this because they do not have an edge- they do not have the odds in their favor
Certainly many Elitetrader posters will have to fade an information disadvantage plus trading costs that are larger than they really understand.
What would be your advantage over the...
Of course not!
I was replying to a poster who seemed to think automated trading was a dream that had not stood the test of time, so I was giving an examole of a well known firm that shows this is not true .
I could have talked about a small number of people almost no one has heard of- who are...
Does anyone have knowledge about HFTAlert.com?
They claim to have their own handle on dark pool activity and order flow
They use what they call accumulator and delineated information
I am skeptical but like listen and learn
Does anyone have knowledge about HFTAlert.com?
They claim to have their own handle on dark pool activity and order flow
They use what they call accumulator and delineated information
I am skeptical but like listen and learn
Is 20 plus years long term?
Auto trading is a dream that billions of dollars have been made from by the same people for decades.
Renaissance Technologies does nothing but auto trade their systems. The founder is worth over 14 billion. The firm has made over 60 billion and been around for over...
Yes, of course.
It is better to have a 100% edge on a 50/50 shot like betting on a coin with two heads, than a 100 percent edge on a 100 to 1 shot where you would win only a small percentage of the time.
Thank you, Southall
I am looking forward to all well meaning replies as I know their are some sharp guys on here
There was a poster named Lescor whose posts I followed long time ago but I see he has not posted in a long time
I have been away from day trading for many years
... as I look around all I hear is "algos, Quants, high frequency"
.. prop firms going down, Shoenfeld fired people in droves.
What is the truth about trading in today's googly fast machines environment?
You do not understand the standard definition of "positive expectancy". The definition that is used by mathematicians, hedge funds, casinos , pro gamblers, etc
This term is independent of money management and refers to your advantage or disadvantage on your bets.
IE- if every dollar wagered...
Of course not
Prudent risk management will lose you money if you do not have a positive expectation on your bets
(Try using risk manage on a roulette wheel. in the longrun, you will lose roughly the house advantage spread over all your bets, no matter how you manage the bets and your...