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by brilliantcode 3421 days ago
I also felt like this article was very strange, almost too good to be true, not really discussing downside risks associated with each position.

It's possible to generate a highly profitable and successful trading system but it's the expected probability factoring in the worst case downside scenarios that really matters.

After all, you could win 9 out of 10 times but that 1 time is where you blow up.

Right now, I'm putting my wall street hat on and calling this bullshit. A naive software developer will not be able to see the potential pitfall of holy grail systems-they do not exist.

I also question if it's really HFT, the bar is really high to get low latency connection but he's only making 3.5k/month...it just doesn't make sense.

And why would you publish your system and say oops I can't tell you anything about it?

1 comments

> After all, you could win 9 out of 10 times but that 1 time is where you blow up.

In the article he discussed exactly this happening.

> I also question if it's really HFT, the bar is really high to get low latency connection but he's only making 3.5k/month...it just doesn't make sense.

Again, in the article he states that he abandoned his HFT approach.

Most of these negative comments seem to come from people involved in trading who didn't read the full article but are extrapolating based on their knowledge of finance.