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I remember reading that intro you wrote sometime after you wrote it.. . I was an algotrader at a big bank at the time. My biggest takeaway was just confirmatio
by anonu 8y ago
I remember reading that intro you wrote sometime after you wrote it.. . I was an algotrader at a big bank at the time.
My biggest takeaway was just confirmation that really "many people are doing the same things" or looks at the market in very similar ways.
One good way to get an edge is to think how would someone in a similar position approach the problem. Now iterate again and think of it differently.
Its the game theory of trading.
- usgroup 8y agoGame theory itself has been applied to trading ad Infinitum . Indeed short squeezes, liquidity traps, algos that hunt algos, are all a common feature and motivated by a study of the competition. I’d venture to say that trading might just be the most competitive field in existence, with all the smart and cunning that goes with it.
- HenryBemis 8y agoAlso algo-trader since Jan2018. I got IT and FS background, I like to think algo-trading as a computer game, where the 'monsters' have their own AI and different levels of aggression. I am also closely following the MQL5 market studying who the retail thinks. I see how the waves of people gather one strategy/signal/EA that seems to be having a good streak, and then jump to the next one once the previous one 'just' failed. There is great ignorance in the space, it feel like 80% of the people I talk to in retail haven't even read a book and/or never heard of Kathy Lien or monitor the news on BB or Reuters. I will definitely absorb those 57 pages and will stary monitoring HT blog.