We made a fundamental error in calculating the returns in our last article, and many thanks to one of our readers who was on his toes and caught it. Some of our calculations were based on dollars per trade and others on dollars per share—clearly a case of pineapples and pomegranates, along with doing the calculations much too late at … Read More
School of Algos 101: Intro Class
I received great feedback about this idea. And since I am asking for feedback and help of all you readers I think a great place to start is defining the algos I see all the time. Please leave comments if you see any subsets or any other algos you see often (let’s leave the creative name ones out for a … Read More
School of Algos 101
Thanks to all for the comments on my last blog regarding algos. I thought over the weekend about the best possible way for all of us to learn about these pesty computer programs and here is my suggestion. I always believed the best way to learn something complex is by using a dynamic and interactive technique. I thought it would … Read More
Traders Ask: How to Recognize Real Order Algos
Yesterday we received an inquiry from a reader regarding algos. Read the inquiry below: Hi. I have been trading for nine years now and one of my biggest strengths is tape reading. However, the algo programs are absurd these days. How does the Gman distinguish real buying from some program just market making a stock? Also, it seems like the programs are more in … Read More