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The market is not out to get you
Started:March 8th, 2012 (11:26 AM) by liquidcci Views / Replies:5,824 / 65
Last Reply:April 16th, 2012 (05:46 PM) Attachments:5

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The market is not out to get you

Old April 16th, 2012, 12:30 PM   #61 (permalink)
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monpere View Post
I think there would be less volatility, if most of the algos only require a couple of ticks movement to be profitable. But overall I think the natural progression will be, that some other geniuses are gonna come with new algos to take advantage of these other algos, and the evolution goes on... Maybe one day trading will be about finding the shop with the newest leap frog algo.

Also (and please correct me here), isn't the relationship between volatility and liquidity often an inverse relationship? Thus the scenario in which there are 10-tick price bars of 1-2 second duration is not likely?

Is it useful in these discussions to make a distinction between high-frequency trading and algorithmic trading? All HFT is algorithmic (because to achieve the high-frequency you've got to use computers) but traders use algorithmic trading (this is the same as system trading using computers right?) to manage money traded on longer timeframes - e.g., weeks - again, correct me if I'm wrong please.

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Old April 16th, 2012, 12:33 PM   #62 (permalink)
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Quotes by Garry Kasparov. Perhaps there are some relationships to trading and/or
dealing with the future of algos. Depends to some extent how much you can see ahead
I suppose.

Winning is not a secret that belongs to a very few, winning is something that we can learn by studying ourselves, studying the environment and making ourselves ready for any challenge that is in front of us.

Ultimately, what separates a winner from a loser at the grandmaster level is the willingness to do the unthinkable. A brilliant strategy is, certainly, a matter of intelligence, but intelligence without audaciousness is not enough. Given the opportunity, I must have the guts to explode the game, to upend my opponent's thinking and, in so doing, unnerve him. So it is in business: One does not succeed by sticking to convention. When your opponent can easily anticipate every move you make, your strategy deteriorates and becomes commoditized.

If you wish to succeed, you must brave the risk of failure.

The stock market and the gridiron and the battlefield aren't as tidy as the chessboard, but in all of them, a single, simple rule holds true: make good decisions and you'll succeed; make bad ones and you'll fail.

Setbacks and losses are both inevitable and essential if you're going to improve and become a good, even great, competitor. The art is in avoiding catastrophic losses in the key battles.

You can't overestimate the importance of psychology in chess, and as much as some players try to downplay it, I believe that winning requires a constant and strong psychology not just at the board but in every aspect of your life.

Sometimes the hardest thing to do in a pressure situation is to allow the tension to persist. The temptation is to make a decision, any decision, even if it is an inferior choice.

The biggest problem I see among people who want to excel in chess - and in business and in life in general - is not trusting their instincts enough.

I've seen - both in myself and my competitors - how satisfaction can lead to a lack of vigilance, then to mistakes and missed opportunities.

It was an impressive achievement, of course, and a human achievement by the members of the IBM team, but Deep Blue was only intelligent the way your programmable alarm clock is intelligent. Not that losing to a $10 million alarm clock made me feel any better.

Though I would have liked my chances in a rematch in 1998 if I were better prepared, it was clear then that computer superiority over humans in chess had always been just a matter of time.

Chess is mental torture.

Last edited by stephenszpak; April 16th, 2012 at 12:47 PM.
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Old April 16th, 2012, 02:20 PM   #63 (permalink)
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stephenszpak View Post
(Attachment lifted from video below. 10:42 point of video to the end of video is relevant.

Kevin Slavin: How algorithms shape our world - YouTube

- Stephen

very good presentation, it seems he was in his glory receiving all that applause, wonder what his credentials in the trading industry space, are?

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Old April 16th, 2012, 03:02 PM   #64 (permalink)
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Is it manipulation to negotiate a lower price for milk, because you are buying 1000 liters of it at a time? Or should you pay what Kroger lists on the shelf price?


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Old April 16th, 2012, 03:24 PM   #65 (permalink)
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Is it manipulation to negotiate a lower price for milk, because you are buying 1000 liters of it at a time? Or should you pay what Kroger lists on the shelf price?


I understand the manipulation, but what is the amount they will normally stand before correcting their manipulation? Lets use ES as an ie. 5 pts/7pts/10pts

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Old April 16th, 2012, 05:46 PM   #66 (permalink)
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Sometimes the hardest thing to do in a pressure situation is to allow the tension to persist. The temptation is to make a decision, any decision, even if it is an inferior choice.

If find this quote is the most closely related to trading that i have ever read. It reminds me of myself when i am looking for decisions in trading!

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