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Redditors gave Wall Street traders an absolute pasting


ReidysLeftLug said:
Ask MT to check his algorithms first, there might be some warning signs and I've heard he's relatively helpful


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I'll ask this one last time. What algorithm (before I mentioned any) do you think I watch for 90% of the time I spend at work?

It's ok to say "you know what I don't really understand and I'm happy for you to help me understand"

And ill help. Because I'm nice. And there's not some shadowy hand that watches the market. There exists a bid and am offer
 
monkeytassle said:
I'll ask this one last time. What algorithm (before I mentioned any) do you think I watch for 90% of the time I spend at work?

It's ok to say "you know what I don't really understand and I'm happy for you to help me understand"

And ill help. Because I'm nice. And there's not some shadowy hand that watches the market. There exists a bid and am offer
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I didn't claim to know exactly what it is you're monitoring and if you go back you will see that, you've latched onto that to try make a point (that I don't work at an investment bank, never said I did) despite admitting that you're monitoring algorithms - if you read you'd see I got that idea from someone else and will continue to think so. A different approach would have been something like "not 90% of the time but I am monitoring algorithms". You wanted to be a bell so I responded in kind, that's all. I think we've bored people enough with it. Don't you?

Anyway back to the topic... it would appear there are still some big boys with us at the top @PTR

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ReidysLeftLug said:
I didn't claim to know exactly what it is you're monitoring and if you go back you will see that, you've latched onto that to try make a point (that I don't work at an investment bank, never said I did) despite admitting that you're monitoring algorithms - if you read you'd see I got that idea from someone else and will continue to think so. A different approach would have been something like "not 90% of the time but I am monitoring algorithms". You wanted to be a bell so I responded in kind, that's all. I think we've bored people enough with it. Don't you?

Anyway back to the topic... it would appear there are still some big boys with us at the top @PTR

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Ok let's do this again. I don't monitor algorithms. I have algorithms in my toolbox to execute orders. I don't have anything on my desk that shows me client flows other than what I trade against. The one thing I do look at is how much trades on the bid v the offer. That's publically available information.

Your assertion was that I have some sort of algorithm that gives me an edge and that i spend 90% (10-11h) per day watching this unicorn thing. Which is wrong.
 
monkeytassle said:
Ok let's do this again. I don't monitor algorithms. I have algorithms in my toolbox to execute orders. I don't have anything on my desk that shows me client flows other than what I trade against. The one thing I do look at is how much trades on the bid v the offer. That's publically available information.

Your assertion was that I have some sort of algorithm that gives me an edge and that i spend 90% (10-11h) per day watching this unicorn thing. Which is wrong.
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You have a tool box? I thought you were a yuppy.
 
monkeytassle said:
Ok let's do this again. I don't monitor algorithms. I have algorithms in my toolbox to execute orders. I don't have anything on my desk that shows me client flows other than what I trade against. The one thing I do look at is how much trades on the bid v the offer. That's publically available information.

Your assertion was that I have some sort of algorithm that gives me an edge and that i spend 90% (10-11h) per day watching this unicorn thing. Which is wrong.
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No it wasn't...
monkeytassle said:
Yup keep it in the boot of my white porsche. Next to the giant mobile phone.
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:lol: :lol:
 
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monkeytassle said:

Redditors gave Wall Street traders an absolute pasting

Yeah I’m not disputing that. My thoughts were that the majority of money came in pre-mainstream hence it reaching the point it did to make the news. These were people who’d bought in consistently over a long period of time. Just wasn’t sure if I’d missed something that you’d seen This entire...
www.readytogo.net www.readytogo.net

This is what you said.
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I know what I said, where in that does it say "algorithm that gives me an edge"?
 
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