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.
Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
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
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.
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?
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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