“Rise of the Internet Trader” and “Writing Algos to Compete”

Posted on Sep 2 2016 - 11:10am by Sharpe Trade

“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 ….

(Video Included. If you’re seeing this entry elsewhere and cannot play the video?  Click this link to go to the exact video entry …)

2 Comments so far. Feel free to join this conversation.

  1. Wylly Garcia September 3, 2016 at 8:26 am - Reply

    Thanks for this podcast Dan. I’m trying to educate myself so that I can eventually become a better trader. I have three day weekend so I’m off for the next 3 days and I’m going to spend sometime during these days studying. I believe your podcasts will be worth my time. Thanks again!

    W.G.

    • Dan September 3, 2016 at 9:46 am - Reply

      You’re more than welcome mate. That’s why we do this on the front side of the business. Offer what we’ve learend, to help out!

      Regards,
      Dan

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