Nice to see lot of traders sharing opinion on algos here..
Lets not just fight on the title of the book... lets get in to the details of algo trading...
I have noticed many questions like-
I contacted symphony and they told its just a tool but you have to aim it. & they have no profitable strategies with them.
Why biggest of biggest banks and prop desk losing money, if this was possible?
it was very horrible saga on turtle trading!
why goldman sachss sinks?
why vijay mistry of HSBC struggling?
MF’s are failing even after have lot of money?
JPM AM company gone in rounds?
Agreed that most of the common traders (99.5%) failed in HFT's and ALGO's...
Many more Big Institutions failed even after spending tons of cash developing those....
everyone have their own reasons like... disclosures.. approvals... counter strategies.. pirates... short lived tactics... size of funds... market breadth.. just an automating... lake of simplicity, RMS, control ect ect
I have a mixed feeling... nothing is impossible...
Cubt if you have a good strategy then people will be ready to BUY it from you.. lot from Mumbai... if you don't sell it... they obtain it by other sources... soon or later it will stop working if it employed with huge funds...
this is the fate of any algo's anywhere in the world... like Lao Tzu said "Man's enemies are not demons, but human beings like himself" algos fight algos on HFT platforms.. when this happens then the Statisticians, quant masters have the high paid jobs... only to fight with other side which is filled with same set of people..... survival of the fittest...
Holy grail is not there in the maker bcz people are seed eating
till then good luck...keep rocking
Lets not just fight on the title of the book... lets get in to the details of algo trading...
I have noticed many questions like-
I contacted symphony and they told its just a tool but you have to aim it. & they have no profitable strategies with them.
Why biggest of biggest banks and prop desk losing money, if this was possible?
it was very horrible saga on turtle trading!
why goldman sachss sinks?
why vijay mistry of HSBC struggling?
MF’s are failing even after have lot of money?
JPM AM company gone in rounds?
Agreed that most of the common traders (99.5%) failed in HFT's and ALGO's...
Many more Big Institutions failed even after spending tons of cash developing those....
everyone have their own reasons like... disclosures.. approvals... counter strategies.. pirates... short lived tactics... size of funds... market breadth.. just an automating... lake of simplicity, RMS, control ect ect
I have a mixed feeling... nothing is impossible...
Cubt if you have a good strategy then people will be ready to BUY it from you.. lot from Mumbai... if you don't sell it... they obtain it by other sources... soon or later it will stop working if it employed with huge funds...
this is the fate of any algo's anywhere in the world... like Lao Tzu said "Man's enemies are not demons, but human beings like himself" algos fight algos on HFT platforms.. when this happens then the Statisticians, quant masters have the high paid jobs... only to fight with other side which is filled with same set of people..... survival of the fittest...
Holy grail is not there in the maker bcz people are seed eating
till then good luck...keep rocking
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