“Forget about style; worry about results” – Bobby Orr
So … I was having a conversation with some folks this morning.
The conversation was regarding writing Algorithms to compete in the market-place, HFT, and trading. And I’m specifically going to borrow from Rob’s term from Discovery Trading Group has used, is that post-RegNMS … there has been a ‘rise of the internet trader‘, that has attracted more ‘tools based trading’, rather than a ‘risk-taking’ type of individual.
In addition to what I have to say here, I’ll also highlight what we talked about earlier in the week, namely, that trade entrances are a small, small, small part of the game. Like … minuscule. You need them. But don’t focus on getting an ‘algo’ for the entrance, and focus on the entrance alone.
As always … just my thoughts … not yours ….
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