Semi-retired pro inventor, now working on fusion and metrology. Master coder and hardware designer, ex-ceo, general tech wiz. Opinionated, off the power grid, homesteader who actually does things, rather than just talk.
Run a sci/tech forum myself - find my email and you could join - that's my captcha, a turing test.
I'm sure we have some enemies (forn) - we earned them fair and square with our military keeping the oil subsidy flowing...pay attention to which countries in MENA declared they don't want the petrodollar just before we put them back into the stone age. I rest my case. It's not about what you think it is.
Some of our enemies work for the government already, some would say the most dangerous ones.
How about some facts about which ones are the enemies (who decides?), and how this pervasive surveillance has caught and convicted even a single one, you know, to justify spending enough money to feed half the starving world...
Yes, I used to work in national security, so I know a thing or a few about how they work. I quit while the current programs were barely a glint in someone's eye, but I believe Snowden, as I'm pretty familiar with the "corporate culture" and how slowly that changes there.
It's more like - we now own the news, the politicians, as this surveillance program now has all the dirt on them all, and they are just about the only people who care if we know. So if any of them (elected officials or MSM) step out of line, they get that tap on the shoulder...and you never hear the truth - unless you go find it on your own.
No, it's not a level playing field. Most of the money made by algos is by doing huge volumes for a fraction of a penny a share, faster than you can. To do that, takes a colo and more money than most will ever have. It's fairly easy to see it going on with either nanex or level II trade data. They can only pull that stuff off with very liquid stocks, which I tend not to trade when I see the algo's signatures.
They tend to "cheat" - if you can get in and out of a trade faster than your funding source can react, you might not actually have had the money. They cheat by bid/ask flooding, canceling orders so fast no one can bite - while watching to see if anyone tries and so on. They can create such a flood of such fake "order stuffing" that the exchanges barf - what amounts to a DOS.
But they are just there, and there appears to be nothing that can be done about them, other than work with a longer attention span than they do. They get fooled by fake tweets and headlines frequently, and some have mastered faking them out that way - just another form of cheating, this time by humans.
What was really hilarious was the day Knight trading accidentally put their test harness (a fake stock market designed to test algos on and be crushed by them) online instead of their new version algos, and lost 444 million in about 45 min, buying high and selling low as fast as it could. Made a few month's income that morning, just knowing that stuff doesn't really double or half in such a short time with no news, and using my judgment on some quick trades.
Nice try at what, AC? So brave to insult behind no name, eh? Just saying what I know and about something I do all day every day. If you have a different, knowledge/fact based take, lets hear it.
Yup, the bots are there, and sometimes they screw up mightily and I take advantage of them - human judgment still rules over an algo written by some guy who graduated but couldn't get a real job in physics. Check out nanex, who track this sort of thing. You can often make money off the noise the algos generate.
They've only discovered a couple of the basics of DSP. They know the step function. They know how to run stops, and take out a bid or ask stack to manipulate. So did open-cry traders in the day. You win by using a different attention span than they do, ride the moves they create for the middle part - greed kills, but smart makes money.
I've seen the algos in action - I would trust those guys to write a program or build an audio amp that wouldn't oscillate all by itself. Hook 10 or 1000 together and the chaos is fun to watch sometimes. Not that they should be there, but you gotta live with what is if you can't change it.
Even a brain dead NSA bureaucrat would instantly figure to get the dirt on the easiest to blackmail group on the planet if that's where their purse strings come from and they had those powers. Explains quite a lot of the cheer-leading. FWIW, they're not all brain-dead.
Feinstein, for example, has access to insider information and is married to a stock trader...I leave the rest as an exercise for the student.