Are you smarter than a top M.I.T. Grad?

Depends on what portion of the game you play.

Market Makers and Brokers making the spread, Commissions and gamma scalping are almost entirely automated containing risk and making consistent profits.

Retail Traders with small cash reserves and leverage are the reason the players above are able to make consistent profits.
 
The ability to be flexible and dynamic along with understanding market structure is what these MIT and the smartest kids do not understand or have put in the years to understand so put your fancy degree in my pipe and I will smoke you like market pros do to Ivy league grads for sport.
 
Quote from jprad:

Jim Simons is no Einstein, even he will tell you that.

But, his systems are fully automated and they've been so consistently profitable for so long that he retired as CEO this past January with a net worth over $8.5BN...

Your supposition fails, so stop talking out your ass and man up!
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"For over two decades, Simons' Renaissance Technologies' hedge funds, which trade in markets around the world, have employed complex mathematical models to analyze and execute trades—many of them automated."

Where does it say ALL?? I read MANY!! Hence, he don't have it!! He's TAUGHT at Harvard & MIT!! Yeah, he's about as smart as the average Joe!! I bet, if you ask HIM can it be done today, he'd say NO! And people would still disagree with him!! HFT trading is completely different! Though some may call it a automated system!!
 
I developed my automated systems 3 years ago and they're both doing very well thanks. I tweak the settings every few months, based on my analysis of the new data. So far I haven't had a losing month, although I do have the occasional losing week.

Perhaps the investment departments are looking for the wrong grads. They need to come to London :)
 
Quote from zx12:

After being quiet for years, I figure I would do a public service and maybe save people some money! Unless someone out there is the next Einstein, trying to have a fully automated profitable system is NOT going to happen!! I will tell you why.

Every year the brokers go to the university of Chicago, Northwestern University, M.I.T., etc. etc. and offer the top math, physics & IT people UNGODLY amounts of money to come up with a profitable system, and to date it hasn't been done!! I'm not talking HFT programs here, where speed & volume is the main trick. Which is very difficult in itself!

So, if the very best minds in the world have tried & can't do it. Why do so many people think they can?? Seriously, it was 10 times easier to build the first atomic bomb!! :confused:
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You keep telling yourself that. Write a book, go on an international speaking tour, spend hours and hours each day on trading blog sites telling everyone you know this is a fact.

PLEASE!
 
Quote from zx12:

Where does it say ALL?? I read MANY!! Hence, he don't have it!!
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You said "a fully automated profitable profitable system." Nowhere did you say "all."

Give it a rest, dork.
 
im definitely not smarter than a top MIT grad-

but then again i do know how to tap a keg and talk to strippers
 
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