the machines LOL - I've talked to a few of these CTA's, I can
tell you some of the simple ass crap they use - I wrote a system to
do what one of them was doing - it look us about 10 min to do it -
I did that to show the CTA how trivial their system was. They did
something like: if price falls 3% below the 200 day MA they sell
1/2 and if price falls 7% below the 200 day MA they sell
everything. Then they buy 50% if price goes 3% over the 200 day MA
and buy their full position if price closes 5% above the 200 day
MA
Posted by DigiNomad on 22nd of Aug 2022 at 12:02 pm
The machines - will kick our collective asses at trading when
they become truly ubiquitous. I'm not looking forward to it. I
enjoy my current job!
We're in a sweet spot right now. However, like airline
pilots, I don't think "trader" is a career people having kids now
will be able to pass onto their children. Programmer for either one
of those careers, yes..until the machines get smarter than us and
write their own updates...but not the actual careers as they are
today.
CTA levels
Posted by matt on 22nd of Aug 2022 at 11:34 am
remember a lot of these big CTA's have price levels that trigger them automatically to buy or sell, here's a list of some of them
200 points below level to
Posted by retirefire on 22nd of Aug 2022 at 11:36 am
200 points below level to buy, unplug the machine?
the machines LOL - I've
Posted by matt on 22nd of Aug 2022 at 11:47 am
the machines LOL - I've talked to a few of these CTA's, I can tell you some of the simple ass crap they use - I wrote a system to do what one of them was doing - it look us about 10 min to do it - I did that to show the CTA how trivial their system was. They did something like: if price falls 3% below the 200 day MA they sell 1/2 and if price falls 7% below the 200 day MA they sell everything. Then they buy 50% if price goes 3% over the 200 day MA and buy their full position if price closes 5% above the 200 day MA
The machines - will kick
Posted by DigiNomad on 22nd of Aug 2022 at 12:02 pm
The machines - will kick our collective asses at trading when they become truly ubiquitous. I'm not looking forward to it. I enjoy my current job!
We're in a sweet spot right now. However, like airline pilots, I don't think "trader" is a career people having kids now will be able to pass onto their children. Programmer for either one of those careers, yes..until the machines get smarter than us and write their own updates...but not the actual careers as they are today.
machines/computers should be limited in
Posted by watcdy on 22nd of Aug 2022 at 01:17 pm
machines/computers should be limited in their time in the markets just like politicians---term limits
if I recall this firm
Posted by matt on 22nd of Aug 2022 at 11:50 am
if I recall this firm manages a few billion - they pay me a few million for my systems to replace their crap LOL