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Saturday, May 8, 2010

Week in Review: Computerized High Frequency Trading and the Son of 87' (PODCAST)

"The nose of a mob is its imagination. By this, at any time, it can be quietly led." - Edgar Allen Poe

Welcome to the Week in Review!

I've discussed how my day went on Thursday progressed, on what we are calling now "the son of '87". We'll discuss this concept that somehow "computers" had something to do with the drop. A drop, that when you look at history ... was not that large ...

Because when you ask me? I think the computerized, quant algorithms may have saved us on Thursday ...

(Podcast Included. If you're seeing this entry elsewhere and cannot play the podcast? Click this link to go to the exact podcast entry ...)

Click here to download this podcast.

You know, if you look through my "Twitter" history, you'll see, that while the market was crashing? I told Dasan: "I was thinking the same thing. Iwant to buy just 100 shares of something, to say I did it". But I didn't. I refrained.

A blackbox won't hesitate.

And remember ... pro's use the "%"

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have over 13 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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