as someone else just said im surprised people are surprised by this.
what would be interesting is if they made money every day trading in q1
i would make an educated guess there is a chance they could have all losing days every quarter as well.
reference - long term capital who had something like 500 winning days.
as hft evolves they become so good that there is no one else to trade with.
we all remember playing games as children.
if you keep losing you just dont turn up and play.
