Philip,
I'm very pleased that you reflected back my analysis, it means a lot to me to have someone with your knowledge verify my observations. My professional background includes many years as a systems analyst designing systems for groups of individuals to perform their job functions more effectively. Every system has tradeoffs in performance based on agreed upon compromises. Advances in technology in the information system business tend to bring the user closer to the flow of information. As a scientist, I hypothesize that removal of the MM 'noise' from the information flow, concurrent with tools to bring 'more' and 'controlled/processed' data to the user (investor) will yield substantial improvements. The MM, the Broker, like the systems analyst, all are doing a job function, while a trader using your system and his/her capital is focused only on making money. There may be some small advantage here in such a simplified view in a complex system. New theories of math suggest this possibility and while I agree that 'training' is important, the best systems require little training, they are intuitive in nature. The kind of training that might be very interesting would seem to involve the new kind of thinking that optimizes the intuition that comes from being in as you suggest, a 'war' game. Above the daily 'battle' there is a another strategy to use these gains for longer wave postions. Since I am only a few hours away in Houston Texas I would appreciate an opportunity to visit, and thank you again for your most excellent posts.
Sincerely,
John |
