Zero sum game ?

tar said:
Check this pdf and check the table at the end of the file ..

http://www-rcf.usc.edu/~lharris/ACROBAT/Zerosum.pdf
Click to expand...

A very interesting paper - a good find. Appears to be one of Prof Harris's more straightforward works!

If you haven't already sussed for yourself, his other papers are listed here USC Professor Larry Harris's Academic Papers or search on Google Scholar.

If you have online access to a university you can download some of these papers through JSTOR etc etc and there may be links via Google (the ones I tried only provide abstracts).
 
Thanks for that. Was an interesting read.

Do you think that the points made about about increased 'Passive' buy and hold investing, reducing the profits available for skilled traders, are still relevant today?

He suggests that increased 'Passive' investing is due to traders becoming aware that they have no edge and are thus switching. Mind you this paper was written in 1993!
 
Yeh I've been trying to learn that stuff too. Why you think so many profitable hedge funders used to work in banks ;-). Too hard to get the info from the outside though. You're in or you're out as they say.
 
Yep - realised quite early on that retail trading is predominantly about reading the chart, reacting decisively and not blowing your capital through sensible money mgmt. No point in trying to second guess how/if major participants are going to move the market around through their actions.
 
The best thing at DMA that u can bid and offer instead of just hitting the buy or sell and this what he called - at the pdf - scalping , daytrading ..
 
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