4 ms·

I’m speaking broader than that. It’s impossible to move a lot of money without secondary effects. Any pretense that does not give you advantages is misleading.

• landl0rd 1y ago
  Any pretense that does not give you disadvantages is misleading. Small shops and retail don't have to worry about e.g. slippage like the big guys do when taking positions. Big shops can work out custom instruments sometimes but on the other hand they also need them a lot more, as trying to pick up adequate hedging in derivatives mkts could wind up with yet more slippage. Etc.
  • TacticalCoder 1y ago
    Yup Jim Simons from the Renaissance hedge fund fame kept saying that: there are a shitload of (legal btw) strategies that do work with smallish amounts but they stop working once you get big.
  • monkeyelite 1y ago
    Yes, and so it’s a misnomer when we talk about whether a big player is manipulating or not. They are.