Before I go for late lunch, another hint. Just for TP sake. Perhaps last for a long time to come. And please, no arguements on this with me in any shape or form. Take it or leave it.
First line of defence against HFT, and other changes being seen in the market, is to ditch MA based strategies altogether. They are the weakest link. Think.
(hint for SJD to decipher the above hint: Picture bullock carts huffing and puffing alongside zipping SUVs on Route 66!
First line of defence against HFT, and other changes being seen in the market, is to ditch MA based strategies altogether. They are the weakest link. Think.
(hint for SJD to decipher the above hint: Picture bullock carts huffing and puffing alongside zipping SUVs on Route 66!
I see the difference in opinion could be because of day trades vs positional ... HFTs can kill you in day trades, but when you are positional and doing only high probability trades, the only thing you need to worry about is the gaps. HFTs and FIIs can only do so much damage to you ... as I said ... vary your returns to be between 0.8 x to 1.2 x rather than 1.0 x.
And if you add some some option strategies to protect your returns ... but I guess we are back to square one ... we are changing our strategy to protect against the world wide traders (specifically JPM and GS) !! So it is not the same ! Any other takers?