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Remember that the general direction of the market right now is upward. This means that these day-trading algorithms need to beat the typical rate of return for,
by omegaham 12y ago
Remember that the general direction of the market right now is upward. This means that these day-trading algorithms need to beat the typical rate of return for, say, a diversified index fund. Many of them don't.
- lordnacho 12y agoWell I'm assuming the guy has thought about that, and his dataset is long enough to be meaningful. He didn't say how much the return varied, which you need for the comparison with the index to make sense.