Suppose I wanted to kill a lot of pilots
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Suppose I wanted to kill a lot of pilots
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Re: Suppose I wanted to kill a lot of pilots
#2[deleted]
Re: Suppose I wanted to kill a lot of pilots
#3> thinking about how to do the exact opposite of your goal is sometimes the best way to ensure you achieve it.
It also makes for a great clickbaity headline.
Re: Suppose I wanted to kill a lot of pilots
#4Suppose I want to build a program that trades in the markets to make money.
So to do the opposite I would try to lose money as fast as I could, according to this?
But the way to do that is just to churn my book a lot and pay costs and spreads.
It's not clear how that illuminates how to make money.
Re: Suppose I wanted to kill a lot of pilots
#5Suppose I want to build a program that trades in the markets to make money. So to do the opposite I would try to lose money as fast as I could, according to this? But the way to do that is just to churn my book a lot and pay costs and spreads. It's not clear how that illuminates how to make money.
You now have your first data point. You now need to come up with a second strategy that loses money while, simultaneously, avoiding those steps.
Repeat until you run out of ways of losing money.
Re: Suppose I wanted to kill a lot of pilots
#6Suppose I want to build a program that trades in the markets to make money. So to do the opposite I would try to lose money as fast as I could, according to this? But the way to do that is just to churn my book a lot and pay costs and spreads. It's not clear how that illuminates how to make money.
[deleted]
Re: Suppose I wanted to kill a lot of pilots
#7There's a saying in my neck of the woods that captures this: If you can't optimize, pessimize!
Re: Suppose I wanted to kill a lot of pilots
#8Suppose I want to build a program that trades in the markets to make money. So to do the opposite I would try to lose money as fast as I could, according to this? But the way to do that is just to churn my book a lot and pay costs and spreads. It's not clear how that illuminates how to make money.
The interesting thing about the markets is that if you had a strategy that consistently lost money, oftentimes you can use the “opposite“ of that strategy, so to speak, to make money. This is one reason why it’s difficult to find these losing strategies.
Re: Suppose I wanted to kill a lot of pilots
#9Suppose I want to build a program that trades in the markets to make money. So to do the opposite I would try to lose money as fast as I could, according to this? But the way to do that is just to churn my book a lot and pay costs and spreads. It's not clear how that illuminates how to make money.
Strawman. Suppose you are market maker and never have to pay a dime in fees. Morover, anything lost on spread is immediately refunded.
If you have strategy that very quickly loses money in this harsh conditions, you have a winner.
Re: Suppose I wanted to kill a lot of pilots
#10Suppose I want to build a program that trades in the markets to make money. So to do the opposite I would try to lose money as fast as I could, according to this? But the way to do that is just to churn my book a lot and pay costs and spreads. It's not clear how that illuminates how to make money.
I know nothing about trading, so forgive me in advance - but I assumed the point of the article is to break it down a bit more specifically. What causes you to lose money quickly, what's the program doing - how do you stop it from doing those things?
If you start to remove the roads to failure you're kind of forced onto the road to success - or at least a place where you're not falling into the places you're planning around.