Is it getting harder?

If I knew who was on the other side of my stuff, I would probably freak out. So, I'm glad I don't know. When I traded OTC and could hear the counterparty trades clear on the squawk, I saw plenty of hedgies do really stupid shit, so that is of little concern to me.
 
Quote from YuforaCapital:

Paulson & Co. $9billion hedge fund down 6% for May 2011...they may be big and bad, but they are not that great.
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cept they started out with $3.56 and now they could buy you and your ancestors back to the cave man, and still have money left over to buy elite trader, stocktwits, and maybe the street.con.
 
in answer to the op. yeah , if you learned how to trade 10 years ago, you will have a problem. if you're just starting out, you probably wont.

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terrible code here
 
Quote from januson:
Hi dear fellow traders :)
I've been away for a couple of years, many things has happened in my life, family expansion, death, moving etc.
During the last month, I've wondered.... is the market getting tougher?
Is't still the same race us against the algos or has the machines conquered everything leaving us as dumb money?
Us against the machines is of course a truism, I mean our algo experience against the multi million dollar-working 24 hours a day-to-create-the-best-algo :mad:
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It's getting easier, as ddav has proved:
http://www.elitetrader.com/vb/showthread.php?threadid=214316
 
It is getting much easier for paper traders because they have access to many free tools and it is getting much harder for actual traders because they need a lot of money to get the tools they need to compete with hedgies.

Actually, trading is not hard but setting up a reasonably equiped operation that can compete with professional shops is hard in terms of investment capital.
 
Quote from intradaybill:

It is getting much easier for paper traders because they have access to many free tools and it is getting much harder for actual traders because they need a lot of money to get the tools they need to compete with hedgies.

Actually, trading is not hard but setting up a reasonably equiped operation that can compete with professional shops is hard in terms of investment capital.
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Your premise is entirely predicated on a strategy competing within the higher frequency or automated space. There are other strategies where this is simply not the case. In fact, I would maintain that it now makes more sense than ever to step away from the HF turbulence.
 
Quote from intradaybill:

It is getting much easier for paper traders because they have access to many free tools and it is getting much harder for actual traders because they need a lot of money to get the tools they need to compete with hedgies.

Actually, trading is not hard but setting up a reasonably equiped operation that can compete with professional shops is hard in terms of investment capital.
More...

Hi intradaybill

My question was only targeting ATS, is it getting tougher to create and maintain a good strategy nowadays?
I wasn't asking about what was needed to in terms of equipment. Lets say I've access to all the software needed :)
Can we amateurs still hold up with the pro algos?
 
Quote from januson:

Hi intradaybill

My question was only targeting ATS, is it getting tougher to create and maintain a good strategy nowadays?
I wasn't asking about what was needed to in terms of equipment. Lets say I've access to all the software needed :)
Can we amateurs still hold up with the pro algos?
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"Us against the machines" is a red herring. Us agaisst research and trading departments staffed with highly paid brains with graduate degrees in math, physics, statistics, psychology, etc. is the reality. People create robots.

Can you beat them? The answer is yes but you will have to do something out of the ordinary. That was my point. David beat Goliath, that is true. Do you know before that and after that how many were beaten by Goliaths?
 
IT depends on the type of strategy. If your strategy deals with range or chaos the range in all investment markets have changed over the years.

If your strategy is dealing with trends then a trend is a trend until it bends.

I have multiple strategies. But I have a trend strategy I backtested to the 80's and it worked all the way through all the previous crashes and it works in current market.

So it depends on the type of trading your doing and range trading works in current market but you may have to readapt the strategy in later years.
 
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