QuackingJimbo

7 ms·

1. 31.▲
   by QuackingJimbo 8y ago

   Please describe a time you've had a question and successfully used a chat widget to solve it
2. 32.▲
   by QuackingJimbo 8y ago

   This hypothetical HFT firm is part of "the rest of the market reacting" They just happen to be the first among all participants to react. Why is that bad? Somebody has to be first
3. 33.▲
   by QuackingJimbo 8y ago

   Liquidity drying up when shit hits the fan is a fundamental aspect of markets that has been around forever I won't go as far as to say that it's a feature not a bug. But I will say that the problem is currently the least problemat
4. 34.▲
   by QuackingJimbo 8y ago

   The "brain drain" argument is fair, but you can successfully apply the brain drain argument to anything short of curing diseases or feeding the hungry I consider HFT to be no worse of a brain drain than, say, Instagram, or any sim
5. 35.▲
   by QuackingJimbo 8y ago

   Maybe I'm biased, but I say that anyone who uses stops has voluntarily left the "average investor" realm and entered the "amateur day trader" arena
6. 36.▲
   by QuackingJimbo 8y ago

   This is fair to say, but HFT is a very small industry. The number of people getting "rich" off of HFT is less than 100. The rest of us are just comfortably compensated tech workers, same as a Google or FB engineer
7. 37.▲
   by QuackingJimbo 8y ago

   I work in HFT as a quant dev I am proud of my work and find HFT to be an interesting intersection of computer science, math, game theory, economics, and psychology As far as the societal benefit of HFT, I think that it is neutral. It doesn&
8. 38.▲
   by QuackingJimbo 8y ago

   You are pretty much already there For the majority of people, I would recommend just buying Vanguard funds If you really want to trade anything else, IB is the way to go
9. 39.▲
   by QuackingJimbo 8y ago

   Thank you -- you're one of the few Robinhood critics who recognizes this (rather than their routing of orders to HFT) as the real problem Robinhood disgusts me. 99% of their users should not be trading individual stocks (or worse)
10. 40.▲
    by QuackingJimbo 8y ago

    I work in HFT. He is completely correct I always laugh when people say Robinhood is a good thing for society. Their zero fees, cool app, and gamification of trading is simply ushering fools into a casino
11. 41.▲
    by QuackingJimbo 8y ago

    I sleep better working in HFT than working in regular tech HFT, at worst, adds exactly zero value to society. I don't buy into the memes of "we provide liquidity!" or "we make markets efficient!" being some noble mi
12. 42.▲
    by QuackingJimbo 8y ago

    ``vector<vector<int>> grid{{1,1,0},{1,2,0},{0,2,2}};`` in C++
13. 43.▲
    by QuackingJimbo 8y ago

    IB and sportsbooks are completely different IB charges you a fee and then matches your trade with someone else. After this trade happens, IB no longer carries any risk Sportsbooks charge you a fee and then take the other side of your bet th
14. 44.▲
    by QuackingJimbo 9y ago

    People running "stat arb" strategies which see FB going down so they sell other tech stocks
15. 45.▲
    by QuackingJimbo 9y ago

    I have the same problem. For pants, try Bonobos "athletic fit". For everything else, I got nothing.
16. 46.▲
    by QuackingJimbo 9y ago

    A knowledgeable crypto friend of mine says that the primary factor is the extent of the pre-mining.
17. 47.▲
    by QuackingJimbo 9y ago

    > There are a few places where this is not true Where?