Automated Trading Is Gambling

777 said:
Many, many billions have been made by Renaissance Technologies via full automation.

I have a hunch most ET posters are not on their level, though.
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Or even read -- Market Makers Edge, book by Joshua Lukeman:D:cool: 6 month candle chart is not really gambling......................................................................................................
 
murray t turtle said:
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Or even read -- Market Makers Edge, book by Joshua Lukeman:D:cool: 6 month candle chart is not really gambling......................................................................................................
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No, just use craps rules for the automation and you should be good.
 
sle said:
Ah! Cross-sectional more or less means that you achieve statistical significance by increasing the number of assets instead of increasing the trading frequency. As an example, when the guy is dating 5 girls at the same time, it's a cross-sectional strategy.
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Hey, old fart!Are you still around?:D
 
If you risk a dollar without the benefit of positive expectancy you are gambling , if you dont know your expectancy you are likely gambling . Positive expectancy is an edge . If you have defined your expectancy and it is negative and you still risk a dollar you are an idiot . Most traders are clueless on how to measure/calculate expectancy and they are gamblers . Skilled quants are the best traders in the world , the most successful fund on the planet in last 30 years is 100% mathematical . A lot of whats in this thread is dribble . Saying it cant be done is expressing your limitations not mine
 
PistolPete said:
If you risk a dollar without the benefit of positive expectancy you are gambling , if you dont know your expectancy you are likely gambling . Positive expectancy is an edge . If you have defined your expectancy and it is negative and you still risk a dollar you are an idiot . Most traders are clueless on how to measure/calculate expectancy and they are gamblers . Skilled quants are the best traders in the world , the most successful fund on the planet in last 30 years is 100% mathematical . A lot of whats in this thread is dribble . Saying it cant be done is expressing your limitations not mine
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For the last bloody time, trading is NOT gambling. Why does nobody ever wish to accept this fact?

...Skilled quants are the best traders in the world , the most successful fund on the planet in last 30 years is 100% mathematical...
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Gee, didn't I read an article earlier this year about how "quants" were getting destroyed in profitability? Oh, yeah...

https://www.bloomberg.com/news/arti...el-from-worst-run-in-8-years-as-aqr-takes-hit

https://news.efinancialcareers.com/us-en/306928/how-to-get-a-job-in-a-quant-fund

*shrugs*
 
" I read an Article " hmmm well you are quite the guru .

"Trading is NOT gambling " hmmm that blanket statement succinctly covers all aspects

Close the thread down we have a genius that just summed it up
 
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