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I'm super skeptical of these type of automated trading outfits. There's no edge in them. All you've done is take a shoddy system done by hand into code. At the
by brilliantcode 10y ago
I'm super skeptical of these type of automated trading outfits. There's no edge in them. All you've done is take a shoddy system done by hand into code. At the end of the day, they still crap out when the market conditions it was designed for shifts or naive view of the markets as something as a math formula.
Exceptions are HFT, arbitrages where you don't need to speculate and take the corresponding risks.
- frankydp 10y agoI believe the article is mostly referring to trading and not investing. Trading as in the operational functions of trades(organizing direct registered or street name broker buyers and sellers), not the investment strategy associated with holdings.
- rb808 10y agoFrom the article > employed 600 traders, buying and selling stock on the orders of the investment bank’s large clients. The traders sound fancy but werent much more than call center staff, receiving orders by telephone and writing paper tickets. They weren't prop traders.