Sorry again for the delay in responding. The return of volatility across markets has been keeping me busy and I've had a few personal commitments on top so only just getting round to catching up with this thread.
Kingpush- I can't improve on timsk answer so suggest you go with that. Only thing I would say is be careful how much you're staking right now. Conservation of capital is most of what trading is about.
Aag100 - I'm no expert on algo prop trading. I can tell you that algo market making desks are constantly adjusting their models as they start to lose effectiveness pretty quickly. As far as medium /low frequency from what I understand it can be anything from a few weeks to a few years of performance before they begin to fade. I have a friend in commods that has been running the same model for a few years now and still making good money from it. He uses an input that the rest of the market doesn't consider. When that changes he will lose his edge. Generally most institutions will be able to automate trading pretty easily. Most institutions won't let traders go live with a strategy that they don't have successful thorough back testing for so in order to backrest effectively they're likely to be writing most of the logic that is required to run the strategy automatically anyway.
Piphoe - I mentioned earlier I think. I have traded all asset classes to some degree. I have most experience in macro products particularly rates and fx. I have least experience in commods. I have also traded credit and equities. Never traded anything less liquid than investment grade corporate bonds (Mind you they can be pretty illiquid at times...). Why do I trade everything? Some I have been led in to via my career and opportunities that presented themselves over the years. Some I have a natural interest in but mainly I will apply a similar approach across all asset classes. As we move through the various cycles certain asset classes are more lucrative than others. I think there is much to be gained in seeing the bigger picture through all assets. If you can piece them all together it helps massively at the trade level.
Kingpush- I can't improve on timsk answer so suggest you go with that. Only thing I would say is be careful how much you're staking right now. Conservation of capital is most of what trading is about.
Aag100 - I'm no expert on algo prop trading. I can tell you that algo market making desks are constantly adjusting their models as they start to lose effectiveness pretty quickly. As far as medium /low frequency from what I understand it can be anything from a few weeks to a few years of performance before they begin to fade. I have a friend in commods that has been running the same model for a few years now and still making good money from it. He uses an input that the rest of the market doesn't consider. When that changes he will lose his edge. Generally most institutions will be able to automate trading pretty easily. Most institutions won't let traders go live with a strategy that they don't have successful thorough back testing for so in order to backrest effectively they're likely to be writing most of the logic that is required to run the strategy automatically anyway.
Piphoe - I mentioned earlier I think. I have traded all asset classes to some degree. I have most experience in macro products particularly rates and fx. I have least experience in commods. I have also traded credit and equities. Never traded anything less liquid than investment grade corporate bonds (Mind you they can be pretty illiquid at times...). Why do I trade everything? Some I have been led in to via my career and opportunities that presented themselves over the years. Some I have a natural interest in but mainly I will apply a similar approach across all asset classes. As we move through the various cycles certain asset classes are more lucrative than others. I think there is much to be gained in seeing the bigger picture through all assets. If you can piece them all together it helps massively at the trade level.
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