And so it begins...

[Maverick1]

Perhaps, hybrid is the way, but I do not see how it can help me. Every few months I will try report how my algos are doing. They are fully automated, no manual intervention apart from validating on brokers end when events happen (entry, stop loss submission, trailing and etc).

I'm talking scale/size. Do you trade hundreds of millions or billions?

 

[RedDuke]

I'm talking scale/size. Do you trade hundreds of millions or billions?

The system can be scaled to 50-100 mil. Then liquidity issues will start happening. But it would be a really good problem to have

 

[Maverick1]

The system can be scaled to 50-100 mil. Then liquidity issues will start happening. But it would be a really good problem to have

you trade stocks, futures?

 

[RedDuke]

you trade stocks, futures?

Only futures -currencies, metals, softs and energy.

 

[sle]

They may have thought of the points, but here's the problem: (i) they don't believe, which is all that truly matters, since we all trade our beliefs and (ii) you presuppose in your risk-equivalence stance that there cannot truly be a sounder approach to risk-taking.

I am not even sure what it means to "trade my beliefs". I sell things that I consider overpriced and buy things that I consider cheap. My process (like any successful trader) is based on some rational analysis, not beliefs - in my case I do use some quant methods but also I leverage on flow information, various assessments of the macro situation and common sense. Quant analysis is a weapon - if it fits the battle, use it exclusively (e.g. have you seen discretionary HFT traders?), if it helps add it to your toolkit and if it does not fit avoid it.

I think there are more than good odds that PTJ is regretting his move right now and will end up reconfiguring again. P72 will likely cut back allocation real soon if not already as performance underwhelms...

You do know that systematic pods in both firms are up on the year, unlike their discretionary counterparts?

 

[Maverick1]

are these the latest numbers post the recent selloff?

 

[sle]

are these the latest numbers post the recent selloff?

October final, I can ask people for the November MtDs. The numbers are not stellar but they are positive.

 

[Maverick1]

October final, I can ask people for the November MtDs. The numbers are not stellar but they are positive.

Let's revisit in December, would be interesting to hear if you could get the numbers, thanks.

Meanwhile, Stevie doesn't sound too excited: https://www.cnbc.com/2018/11/14/steve-cohen-sees-slowing-returns-possible-bear-market-ft.html

 

[Cuddles]

I'm ready to sit this one out... I've taken enough lumps already.

 

[SunTrader]

It had been previously said about many undiscovered desirable places on the globe. If you find a good one don't tell anyone.

For the most part too late for that anymore but same could be said about an edge. Very few left undiscovered and once they are everyone wants a piece.