Posted: Thu Jul 16, 2009 11:16 pm
Last I checked the ways to make money trading are:
1. Not to lose principal.
2. Buy low, sell high.
3. Short high, cover lower.
4. Control today, pay tomorrow (carry trade)
5. Steal it... like Goldman does by doing the electronic version of front-running customer orders (aka ultra-high frequency trading).
I think #5 qualifies as a 'lesser known strategy' but I'd say front-running isn't trading. It's stealing. I also don't consider arbitrage (the real thing) to be trading - I consider it to be, well, arbitrage. At any rate I'm not convinced there are many new tricks to learn, just old tricks to relearn
Someone will bring up Rentech but maybe they are just implementing old tricks better than everyone else?
Cheers,
Borderline
1. Not to lose principal.
2. Buy low, sell high.
3. Short high, cover lower.
4. Control today, pay tomorrow (carry trade)
5. Steal it... like Goldman does by doing the electronic version of front-running customer orders (aka ultra-high frequency trading).
I think #5 qualifies as a 'lesser known strategy' but I'd say front-running isn't trading. It's stealing. I also don't consider arbitrage (the real thing) to be trading - I consider it to be, well, arbitrage. At any rate I'm not convinced there are many new tricks to learn, just old tricks to relearn
Someone will bring up Rentech but maybe they are just implementing old tricks better than everyone else?
Cheers,
Borderline