If I put salt, it's in your selfinflicted cuts.
We know it hurts, but it disinfects your cuts.
We know it hurts, but it disinfects your cuts.
You have a good point... it would be a much better tactic to learn how to write MM algorythms [learning a little C++ perhaps] than to try to beat computers at their own game... let's face it, no man can do 30,000 operations in 1 second...Quote from riskfreetrading:
Non sequitur? A joke. In plain english for you: if a MM didnot forsee his replacement by a computer and adjust his career or position within the firm before the fatal moment, how could one such MM be top notch in managing risk in trading? Your comment lead me to conclude that you understoodd that the only way a MM could have done it is by fighting computers (see the words cheaper, faster, etc, above). That is another point of failure in risk management. No real risk manager spend his time trying to improve a position that is doomed to fail, and is getting worse. Get out ASAP is the answer in such cases. Yet your attitute is to fight computers (in trading it translates to fight the trend). Smart MMs have understood the shift and/or forsaw it. Those are real risk managers. They showed it in managing their own careers. Trading is just an example where risk has to be managed. "Once a good risk manager, always...
Quote from riskfreetrading:
I have other analogies and stories for the readers. I would deliver them in due time. Some titles (before I forget) are:
1. The champ who delivered a (risk free) trade to his ex-champ opponent that a whole TV nation swore never took place-- until 30 years later! The flattenedd opponent insisted that he never received the trade, even after tech proved it! But he felt the trade he received which knocked him out.
2. The men who walk with rocks in their shoes, and blame others.
3. The rotten fruits that blame the (knowledge) tree shaker for falling to the ground, and feeling hurt. (Remember: Good fruit don't fall).
4. The King of Bs, His Holly Grail, & His R.H. You TheTrader.
5. The Blind Premium Writers---They Wrote Off New ET Members (naked) Till The Black Swan Hit Them!
6. The Men Who Shackled Their Minds, And How to Free Them.
7. The Cowboys in Long Boots That They Never Wash--Would You Sit Next to Them?
The Author is RFT. He does not copy others, so all rights reserved!
May come soon on ET... Check you nearest computer connection!
Quote from eusdaiki:
You have a good point... it would be a much better tactic to learn how to write MM algorythms [learning a little C++ perhaps] than to try to beat computers at their own game... let's face it, no man can do 30,000 operations in 1 second...
However, you might be taking your point a bit too far, you forget that people get used to the status quo. They like to think that things are going to remain like the good ole days... And there's always resistance to change.
Quote from xflat2186:
âI am a former sanitation worker for the countyâ I live on a pension and I come here to learn options from the brilliant minds of the anonymous posters. Some of whom use this forum as an outlet for their frustrations in the real world and to stroke their ego while taking back handed slaps at other anonymous people. I guess they donât find their lives in the real world fulfilling enough.