lrm242

15 ms·

61.
by lrm242 12y ago
You're mixing the concepts of realized and un-realized profit. A market price change marks your open position and gives you an unrealized (loss)gain. But to realize that you have to trade, plain and simple. And someone must take the ot
62.
by lrm242 12y ago
I don't eat breakfast because I do intermittent fasting. The reasoning is simple: (a) once I eat I get hungry, and the 6 small meals method just doens't work for me. I would eat breakfast at 8 and be hungry again by 10. (b) I drin
63.
by lrm242 12y ago
I appreciate the feedback. I agree with you. Losing weight is not the goal, losing fat is. That is why I specifically lift heavy weights 3 times a week, to encourage my body to choose fat over muscle when deciding how to fill the caloric de
64.
by lrm242 12y ago
You realize there are no calories in sand, right? You are free to eat as much weight in sand as you like, you'll gain no more weight than what you input. Ketosis works by encouraging your body to release ketones and burn fat. If it fit
65.
by lrm242 12y ago
Estimation of one's TDEE is pretty simple. Once you have a starting point, adjustment is common sense. If you're not losing weight at the rate you expect, lower your TDEE and thus lower your caloric budget. Now, adding cardio into
66.
by lrm242 12y ago
Congratulations on your weight loss! I'm down 30 of a targeted 60lbs weight loss, half way there! It sounds like an interesting study, I can't wait to read the results. My view of weight loss is simple: eat less. I eat anything I
67.
by lrm242 12y ago
There is no moral high ground in gambling. The house has the edge, and has designed it to be so. Phil Ivey is a smart gambler and knew how to shift the odds into his favor without cheating. He requested specific things, such as a specific f
68.
by lrm242 12y ago
I've no idea what wizardry they use to reduce latency, but I do know it is 100% real time. You hear everyone, just like you would in studio.
69.
by lrm242 12y ago
A cool service built by some great folks out of Austin. It's pretty amazing how they've been able to shrink the latency to the point where many musicians don't notice the difference. They did a jam with several bands at SXSW
70.
by lrm242 12y ago
Or because there is nothing to hide? From the data: White 231 (44.9%) Black 190 (36.9%) Hispanic 92 (17.9%) Other 2 (0.4%)
71.
by lrm242 12y ago
From the data: White 231 (44.9%) Black 190 (36.9%) Hispanic 92 (17.9%) Other 2 (0.4%)
72.
by lrm242 12y ago
US banks have FDIC insurance to protect deposits up to $250,000 [1]. To the extent that you trust the US government you can trust that your money is safe in a US bank up to the stated FDIC limits. Banks fail all the time. There have been 8
73.
by lrm242 12y ago
Wait, you mean like Elon Musk? The guy is not only competing against hugely successful incumbents, but he's doing it in parallel in two markets! Somewhat ironic given Musk and Thiel are cut from the same cloth. Thiel's book might
74.
by lrm242 12y ago
The cases I know of where the SEC has cracked down were all manual traders leaning the book and essentially taking advantage of naive MM algos. Proceeds < $5mm each time I believe.
75.
by lrm242 12y ago
Using large non-bonafide orders to lean the book in the direction you want to trade is called 'Spoofing', not quote stuffing. It's been illegal for a long time.
76.
by lrm242 13y ago
No idea. My game is US equities.
77.
by lrm242 13y ago
I encourage you to watch this conversation between Haim Bodek (HFT whistleblower) and Manoj Narang (CEO of Tradeworx). It should inform your view on this subject and help you understand why many of the order types we have exist. Notably, th
78.
by lrm242 13y ago
In US equities? None on lit venues. I'm sure some dark pools still handle IOIs.
79.
by lrm242 13y ago
Price lists are all public. Look at nasdaqtrader.com or batstrading.com.
80.
by lrm242 13y ago
Inverted fee structures allow the maker to value fill priority over rebate. In a maker taker structure the net price paid is higher on an inverted venue therefore implicitly allowing them a higher spot in the virtual cross-venue line (altho
81.
Haim Bodek and Manoj Narang discuss HFT, Flash Boys, and Regulations on Reuters(insider.thomsonreuters.com)
2 points by lrm242 13y ago|0 comments
82.
by lrm242 13y ago
Did Knight take risk?
83.
by lrm242 13y ago
No longer available on lit US equities. A failed experiment by exchanges to compete with internalizers by providing the opportunity for price improvement to those orders who elect to be shown to participants prior to posting or taking. Can
84.
by lrm242 13y ago
That's fundamentally wrong. Direct feeds are available to anyone who wishes to purchase them. Do you have a source for a piece of data purchasable by a firm that isn't on the public side of the information pipe?
85.
by lrm242 13y ago
No one can see the other players cards in trading unless the player shows them. Brokers sending IOIs to dark pools releases info to the market. Hitting venue A and then venue B in a serial fashion will release info the market, letting some
86.
by lrm242 13y ago
The action you link to was not perpetuated by HFT. The vast majority of Lightspeed's business is good ole fashioned screen traders, and that is likely what this was. Previous actions for spoofing and layering were also the result of ma
87.
by lrm242 13y ago
It doesn't cost several million dollars. It does require some capital, likely less than your average valley angel deal. It is not easy and you'll probably fail, but you can certainly try. Phone up Nasdaq, they'll happily give
88.
by lrm242 13y ago
There's nothing scammy about inverted venues. Those who choose to trade there do so knowing they will get hit first. Buy siders who don't want their brokers to leak information when sweeping should get better brokers. These are pr
89.
by lrm242 13y ago
There is nothing about HFT that is analgous to insider trading. Unfortunately the people describing it in public like Cuban simply don't understand what's going on. There is no non-public information at work here.
90.
by lrm242 13y ago
Manoj Narang of Tradeworx has stated their average holding time is up to 10 minutes. Is he taking risk? http://washpost.bloomberg.com/Story?docId=1376-N2CB0F6TTDTQ0...

More ›