[Logic]

Originally Posted by joshdance »

Giving the status of a trade already in the money 150 ticks doesn't really say much. I'm not doubting you took the short, the market was definitely weak overnight and near the open, but posting that you're short at 8:18, instead of 10:35, would perhaps give a little more weight to what you said, particularly as this would be before the inventories.

As I stated previously.
All the trades I take are strict objective rules based. In other words, they can't be fudged on my charts.
I don't need to prove anything. If you would have had the charts, the indicator and rules you would have seem the same trade in real time. Again that isn't my fault. I've given you the ability to validate it for yourself. Other than that I can do no more.

[BlowFish]

Originally Posted by TimRacette »

Wow, that's cool you got to speak with Nassim. I've heard some interviews he's done on EconTalk, quite the eccentric character, but there is a lot of weight to his arguments. Pretty deep stuff.

I met him at some do that Wilmott (the quant training guys) organised, I got that impression that he does the odd speaking gig.

[Logic]

Interesting article today.

Oil crash pits floor veterans versus computer algorithms | Reuters

Pit oil traders are pissed that us new "technical traders" have an advantage over them. (I consider myself a pure technical [algorithmic] trader). I created my own algorithms just like they could have and I consider myself no smarter than any of them or have access to any more resources than they do. That breaks my heart. Just like any industry; keep up with technology or suffer for it ignoring it. I know many many pit traders that have migrated to the charts, the open minded ones that is. Of those, some succeed and most fail.

Still waiting on that email Josh.

[SIUYA]

Originally Posted by Logic »

Interesting article today.

Oil crash pits floor veterans versus computer algorithms | Reuters

Pit oil traders are pissed that us new "technical traders" have an advantage over them. (I consider myself a pure technical [algorithmic] trader).

While I generally agree with your sentiment, where do you get from the article that pit oil traders are pissed with "new" tehcnical traders?

[Logic]

Originally Posted by SIUYA »

While I generally agree with your sentiment, where do you get from the article that pit oil traders are pissed with "new" tehcnical traders?

Sorry for the disconnect. Two thoughts going on when I posted. I talked to a group of energy pit traders that were margined out on Wednesday and were blaming HFT's, algorithm traders and general speculators for their predicament.