Zero sum game ?

[tar]

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

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

 

[arabianights]

That's brilliant mate, cheers!

 

[tar]

 

[Black Swan]

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

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

I quite like the references to bluffers and parasitic traders in those tables, Do we have any on this forum.? TBH at the top of the food chain I'd say Buffet and Soros are in fact bluffers...

 

[Trader333]

Page 21:

Most traders who use charts, however, probably do not profit from them.

I am curious why he thinks this ?


Paul

 

[0007]

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

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

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).

 

[Black Swan]

Page 21:



I am curious why he thinks this ?


Paul

Yep saw that, paper is from 1993, plenty of conclusions to draw...?

 

[khris50]

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!

 

[Technically Fundamental]

You know I've never considered how cutting losses would affect price until I read that paper.

 

[Technically Fundamental]

Page 21:



I am curious why he thinks this ?


Paul

Most people arent lucky.

 

[robster970]

You know I've never considered how cutting losses would affect price until I read that paper.

I thought it was interesting just to find out about all the market participants and to get a feel for how things happen as a result of their actions.

 

[Technically Fundamental]

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.

 

[robster970]

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.

 

[Technically Fundamental]

You use DMA?

 

[robster970]

You use DMA?

Not yet - still early days for me. Remember I only had my epiphany about 4 weeks ago, so I'm SB'ing and CFD's at the moment on a small account before I start trading bigger numbers and consider DMA.

Why? Will DMA enlighten me further?

 

[Technically Fundamental]

Dunno. I've not used it myself.

 

[tar]

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 ..

 

[Technically Fundamental]

You know anywhere that you can demo a DMA?

 

[arabianights]

get a demo of TT, it has a recording of a day of the bund on it...

 

[Technically Fundamental]

whats TT and what you mean a recording?