Hacker News Search

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31.
by ad 15y ago
I'm sorry if you answered this elsewhere, but why did you stop working in HFT?
32.
by ad 15y ago
If it is not too personal, why did you stop? Also, do you prefer comments here or on your blog? To answer your last question in the blog: yes please keep going!
33.
Fast Traders, in Spotlight, Battle Rules(nytimes.com)
1 points by ad 15y ago|0 comments
34.
Futures exchange says high frequency traders mute price swings(nasdaq.com)
2 points by ad 15y ago|0 comments
35.
New stock market for long-term investors/reducing high-frequency trading(noir.bloomberg.com)
72 points by ad 16y ago|63 comments
36.
by ad 16y ago
nope, nevermind, I am double counting money there.
37.
by ad 16y ago
ok I think I figured it out. The key parts were 1) high turnover, people only last a few months, and 2) the company gets 50%. Suppose the traders have no insight into the market and trade randomly. As a whole they incur losses due to cost
38.
Day Trading Outsourced to China(nytimes.com)
8 points by ad 16y ago|2 comments
39.
Steve Perkins, who traded $520m drunk, to resume career in Switzerland(telegraph.co.uk)
1 points by ad 16y ago|0 comments
40.
by ad 17y ago
It's a little less black and white. Suppose I put a guy with a physics PhD in a dark room for a while and he tells me 'with 99% probability, a stock with a price-to-earnings ratio of under 10 will beat the S&P 500 the next year". So wh
41.
by ad 17y ago
Obviously in this kind of pure arbitrage situation, the world would be a better place If seller A and buyer B are matched up directly. But rarely would this kind of situation come up. There was this nytimes article a while back that descr
42.
by ad 17y ago
Certainly he does have a vested interest. Not the end all-be-all, but he does cite the board of governors and hendershott-riodan as evidence it reduces volatility, some indirect evidence in the short selling ban, the history of QQQ as evid
43.
How High Frequency Trading Benefits All Investors(tradersmagazine.com)
21 points by ad 17y ago|37 comments
44.
by ad 17y ago
You're right; let my comment be stricken from the record...
45.
by ad 17y ago
"In Houston, the exact opposite of San Francisco, I assume you'd get shot" switch that to 'small town texas' and I would agree. Houston proper tends to vote to the left, not to mention we have our own budget problems now.
46.
by ad 17y ago
How much do you know about trading now? If you know little, I would recommend the textbook Trading & Exchanges by Larry Harris. It's somewhat out of date but still very good. I work at a high-frequency trading shop and that is the fi
47.
by ad 17y ago
Agreed. MikeCapone, I'd also recommend that you start with the essay at the very end of the book; serves as a good intro/overview.
48.
by ad 17y ago
Cuban makes a lot of good points in this series, but fundamentals do exist. Compare his philosophy to Warren Buffet. Sure, Buffett does often get better deals not available to retail investors, such as the recent Goldman deal, but Buffett
49.
by ad 17y ago
Houston, TX, US
50.
by ad 17y ago
This is more general than what you want but if you haven't read pg's 'why smart people have bad ideas' it's well worth it. http://paulgraham.com/bronze.html
51.
by ad 17y ago
I left a startup for a regular hedgefund first; I think having a lot of outside interest in finance helped. Then the HFT firm hired me because now I had some finance experience, and I knew C++. Another approach would be to look at the car
52.
by ad 17y ago
I just recently read an article that discussed this phenomenon. Took me forever to dig it up: http://www.bloomberg.com/apps/news?pid=20601057&sid=anOM... in summary, many stocks go up after declaring bankruptcy, and it's probably due
53.
by ad 18y ago
If you're short on time: http://joelonsoftware.com/uibook/chapters/fog0000000057.html Spolsky's work is light and easy to read. This work is geared towards "progammers", although that is not mutually exclusive with the word "CEO". It'll
54.
by ad 18y ago
The best I could do was an "authoritarian index", using the (GDP / Population) / Gold Medals and Total Medals. If you rank them by that, you see some pretty nasty countries near the top, and nice countries near the bottom. Zimbabwe, North
55.
by ad 18y ago
I was reminded of this quote: "If at first you don't succeed, try, try again. Then quit. There's no use being a damn fool about it." --W.C. Fields
56.
by ad 18y ago
Short answer: No, don't do it. Long answer: For anyone interested in this stuff I highly recommend the book Trading & Exchanges by Larry Harris. The book is about market microstructure, and the knowledge applies to any market whether i
57.
by ad 18y ago
I want to post something, since I seem to be more optimistic about facebook plugins than anyone else posting here so far, but the only things I came up with was lame stuff like "too soon to tell" or "just wait and see" so here goes: just wa

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