"Unless you're a top insider, you're probably wasting your time trading anymore."
That's sure how I feel some days. We're all around the blackjack table, playing against the same dealer.
When I set my SS Pro trading windows to 40 minutes data, 1 minute interval candles, then overlay the S&P or DOW,
virtually every stock I watch is trading with (or opposite of) the S&P or DOW, minute by minute, sometimes tick by tick.
This is how I know absolutely, for sure, that the trading is being done by computer programs.
Humans cannot trade in real time like birds flying in flocks or fish swimming in schools.
Now, the challenge is - to figure out how the programs work. I sometimes stare at the screen for hours at a time,
and there are patterns, discernable patterns, that make trading predictable at times.
Back a few months when we all probably knew more than WS about the banks' problems, we had a "counting cards" advantage.
This appears to be gone now, as everyone knows short financials is a crowded trade, so they just changed to game to "multi-deck" blackjack on us. |
