That's the more pleasant when dying slowly.
Trading dying a slow death
- Thread starter sputdr
- Start date
Huh? Algorithmic trading is still trading, why the difference?
Just because a computer can beat the world chess champion (see Deep Blue vs Garry Kasprov), it doesn't mean that people would find chess any less interesting or fun, right? The retail mom-and-pop are still going to buy their 100 shares of IBM / AT&T, and put it aside for 10 years, and watch the appreciation. Computer have only made the very short-term games harder, that's all. A computer will be hard pressed to be world bridge champion (a highly cooperative game), but a computer have been world checkers champion for almost 10+ years, because it is a mechanical game with limited search space.
There's been a clear correlation between the increase in program trading as a percentage of NYSE volume and lower index volatility.
What is NOT clear though is whether it's the programs causing tighter ranges or whether the tighter ranges help facilitate the programs. I'd say a bit of both...
Hell yes!Quote from Cheese:
Volatility has been good this year .. index futures and certainly the DOW.
It was Summer last year which had a patch with a lot of small range days.
But, hell, every day is good. The money is in the gyrations.
The last couple months have been my best in a loooong time.
Good trading to all.
C