Surf's Special Situation Journal
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Thanks, bro. Just following the Price Drivers. 5 contract max.
surf
Quote from cornixforex:
Oh? Do computers already plan their own actions? Or do they just execute the plan created by humans who do feel fear and greed?
That's a philosophy based on scarcity. I don't think like this.
Computers don't feel anything. Neither does money.
surf
Quote from cornixforex:
You didn't answer my actual question, which is: do computers make the planning of trades or people who own those computers and feel the fear/greed?
Yes, computers make the planning of trades-- I'm not sure what the question means as its so foreign to my mindset--- but i'll give it a shot- why else would one need them? They have no feelings, they exploit to the max numerical risk level-- it has zero to do with human emotions.
If you are saying computers are programmed to feel fear and greed you need to git edukated.
Oh, and markets had never been controlled or manipulated by large interests in the days of old? So that's why this time it's different? You forget that someone has to take the other side of those trades driven by the mass of capital to which you refer. Would that be another mass of capital? Might it include the rest of us, too? And what prevents us from piggybacking on sustained moves that clearly continue to exist, how ever the markets may somehow be different today? More to the point, when has it ever been easier to predict rather than to react and follow? Unless of course, you have supernatural powers you haven't yet disclosed to the rest of us.
And you have yet to respond to a question I asked repeatedly. Why is it always too late to react to a move? Why must moves always be "predicted?" If a "special situation" is already too late to participate in once it gets underway, then just how "special" is it? Do special situations disappear in the blink of an eye? Your own holding durations would not suggest so. And that renders your own logic interrnally flawed.
Are you sure ALL trading is done in the form of computer algorithms nowadays? If so, why those huge losses like JPM and Societe Generale incurred happened, which were the fault of traders? Remind you: billions of dollars in losses due to "human factor", you can imagine the size of human managed positions as a whole at top institutions then.
You are confusing mistakes with fear and greed. They have nothing to do with each other. surf
Quote from cornixforex:
Oh do I? Was hiding the accumulating losses by a trader for a prolonged time "just" a mistake? Are you sure about it?
That's called criminal fraud in the USA. You are mixing analogies--in an ill fated attempt to "prove" a point. any system can be interfered with by criminals. It has nothing to do with the subject. sorry, it doesn't work with me. surf
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