3 ms·
In my experience, the patterns are not illusions, they are very much real, but they don't have predicative power.
by balazsdavid987 12y ago
In my experience, the patterns are not illusions, they are very much real, but they don't have predicative power.
- fma 12y agohttp://www.bloomberg.com/news/articles/2015-02-20/high-frequency-trader-virtu-extends-nearly-unblemished-streak http://www.bloomberg.com/news/articles/2015-02-20/high-frequ... Predictive enough that when combined with money management strategies you can make money every single day of the year.
- throwaway183839 12y agoWhat Virtu does to make money (market making and latency arbitrage on a milli- and microsecond timescale) is very, very far away from recognizing chart patterns and trading on them!