So much discussion about automation on the forum
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ShaunWhite
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Until the day automation can spot a striker limping, a horse sweating up or a tennis player with their head buried in a towel, there's going to be a dollar to be made manually.
An amazing guy who was one of if not the greatest theoretical physics in the world, but suffered from motor neurone disease which meant he spent most his life having to use just his eyes to communicate by looking at a screen which then translated that into voice which made his achievments even more remarkable
https://en.wikipedia.org/wiki/Stephen_Hawking
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order flow trading doesn't spot them eitherShaunWhite wrote: ↑Wed Sep 02, 2020 5:57 pmUntil the day automation can spot a striker limping, a horse sweating up or a tennis player with their head buried in a towel, there's going to be a dollar to be made manually.
thought he might be picking on the incorrect writing of his name Steven -> StephenDallas wrote: ↑Wed Sep 02, 2020 6:00 pmAn amazing guy who was one of the worlds greatest theoretical physics in the world, but suffered from motor neurone disease which meant he spent most his life having to use just his eyes to communicate by looking at a screen which then translated that into voice
https://en.wikipedia.org/wiki/Stephen_Hawking
Cheers Dallas but that's Stephen Hawking, I was asking about the other guy, Steven Hawkins.Dallas wrote: ↑Wed Sep 02, 2020 6:00 pmAn amazing guy who was one of the worlds greatest theoretical physics in the world, but suffered from motor neurone disease which meant he spent most his life having to use just his eyes to communicate by looking at a screen which then translated that into voice
https://en.wikipedia.org/wiki/Stephen_Hawking
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ruthlessimon
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It's a grammarly fail. Xtrader defo meant Stephen HawkingKai wrote: ↑Wed Sep 02, 2020 6:02 pmCheers Dallas but that's Stephen Hawking, I was asking about the other guy, Steven Hawkins.Dallas wrote: ↑Wed Sep 02, 2020 6:00 pmAn amazing guy who was one of the worlds greatest theoretical physics in the world, but suffered from motor neurone disease which meant he spent most his life having to use just his eyes to communicate by looking at a screen which then translated that into voice
https://en.wikipedia.org/wiki/Stephen_Hawking
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Trader Pat
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ShaunWhite wrote: ↑Wed Sep 02, 2020 5:51 pmI don't really understand that graphic, the average IQ score is always 100, and your personal score tells you your IQ ranking compared to that. So if all those are <100 then where's the >100s ?Kai wrote: ↑Wed Sep 02, 2020 4:40 pmVery surprised to see my country in the green, don't know where you got this image from but that is highly inaccurate. From my experience our average IQ seems to be around the low 50ish range. Luckily I was blessed with an unnaturally high IQ of 69, plus it helps to be one of the only two people in my country that can afford internet, the other would be Madam President.
The book was written by a psychologist and a political scientist. In it they argue that the average IQ of a nation is directly linked to the country's national income. It was published in 2002 and a quick google search shows it wasn't received well which is reassuring. Pretty dangerous ground to be assuming people in poorer countries haven't got the same level of intelligence as richer countries.
For the record it looks like the >100s were in Asia, Hong Kong scored 107.
OH, well that makes sense then. Sorry, having trouble keeping up with this amazing thread, I'm still on the first page.ruthlessimon wrote: ↑Wed Sep 02, 2020 6:06 pmIt's a grammarly fail. Xtrader defo meant Stephen HawkingKai wrote: ↑Wed Sep 02, 2020 6:02 pmCheers Dallas but that's Stephen Hawking, I was asking about the other guy, Steven Hawkins.Dallas wrote: ↑Wed Sep 02, 2020 6:00 pm
An amazing guy who was one of the worlds greatest theoretical physics in the world, but suffered from motor neurone disease which meant he spent most his life having to use just his eyes to communicate by looking at a screen which then translated that into voice
https://en.wikipedia.org/wiki/Stephen_Hawking
Steven - Stephen..Ste..Stevie....who gives a f**K....My point is Order flow is controlled by automation thats my entire point. Automation is controlled by people with a better grasp of how automation can work and massive accounts that can hit the flow until it reverses. Manual traders are at a huge disadvantage, thats all I have to say about that.
All trolling aside, have to strongly disagree with that one. Huge disadvantage probably only if you're manually competing with the bots for the same little piece of the pie, if that's the case then I can somewhat understand where you're coming from.
The simple fact is, manual traders often take advantage of bots, and same can be said for bots that often take advantage of manual activity that either comes from traders or random punters/arbers etc.
You're talking complete bollocks! The exchange isn't controlled by anyone - it's a free for all. Automation is created and controlled by human beings, who by nature comes in all shapes, sizes and abilities. Are you seriously suggesting the day someone decides to write automation they automatically have a better grasp and receive a massive account?xtrader16 wrote: ↑Wed Sep 02, 2020 6:39 pmSteven - Stephen..Ste..Stevie....who gives a f**K....My point is Order flow is controlled by automation thats my entire point. Automation is controlled by people with a better grasp of how automation can work and massive accounts that can hit the flow until it reverses. Manual traders are at a huge disadvantage, thats all I have to say about that.
You havent got a clue.Derek27 wrote: ↑Wed Sep 02, 2020 7:02 pmYou're talking complete bollocks! The exchange isn't controlled by anyone - it's a free for all. Automation is created and controlled by human beings, who by nature comes in all shapes, sizes and abilities. Are you seriously suggesting the day someone decides to write automation they automatically have a better grasp and receive a massive account?xtrader16 wrote: ↑Wed Sep 02, 2020 6:39 pmSteven - Stephen..Ste..Stevie....who gives a f**K....My point is Order flow is controlled by automation thats my entire point. Automation is controlled by people with a better grasp of how automation can work and massive accounts that can hit the flow until it reverses. Manual traders are at a huge disadvantage, thats all I have to say about that.
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ShaunWhite
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- Joined: Sat Sep 03, 2016 3:42 am
It does because there's more to order flow trading than just watching the ladder. The ladder is just the past and the present, unless you're Mystic Meg you'll need all the clues you can about the future. Taking notice of the real world is the manual traders biggest advantage over a blind bot.tiberigc wrote: ↑Wed Sep 02, 2020 6:00 pmorder flow trading doesn't spot them eitherShaunWhite wrote: ↑Wed Sep 02, 2020 5:57 pmUntil the day automation can spot a striker limping, a horse sweating up or a tennis player with their head buried in a towel, there's going to be a dollar to be made manually.
Kai, "Mystic Meg" is a tabloid newspaper astrologist.
IMHO, you've got to shake off the conspiracy theories or else you will never get anywhere.
Newbies always feel like they are being tricked into losing money, but it's just the counter-intuitive nature of the market. I'm always surprised, from day one to today, how people let the hubris of the market trick them into thinking there is some grand scheme at play. It's an epic demonstration of psychology at play.
The quicker you come to terms that there isn't and that's just the way a market works, the faster you will make real progress. If you let that eat you, you will go mad.
The market is a chaotic amalgam of many participants, not all of which can be right at that specific moment, or all the time. Whatever they are doing.
Newbies always feel like they are being tricked into losing money, but it's just the counter-intuitive nature of the market. I'm always surprised, from day one to today, how people let the hubris of the market trick them into thinking there is some grand scheme at play. It's an epic demonstration of psychology at play.
The quicker you come to terms that there isn't and that's just the way a market works, the faster you will make real progress. If you let that eat you, you will go mad.
The market is a chaotic amalgam of many participants, not all of which can be right at that specific moment, or all the time. Whatever they are doing.
Thanks, learned something new today after all I guess
Even a brand new word in "amalgam".Like Mr Webber says here, should be careful how you interpret the market behavior, if you keep getting pushed out of it and bullied it's nothing personal really, you're just beating yourself up with your own imaginary stick on top of that.
As forceful as Derek's argument is, he does have a point.