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Dear fellow traders,
>>Which brokerages have you heard are doing that?
I have to apologize. My posting was meant as a practical joke in
response to the "Dark Hackers" suggestion. However my joke was
propably too close to the truth and that is why it was taken
seriously. I don't think that any institution will ever admit
publicly that they are trading on the back of the stupidity of their
clients. However financial institutions are normally exploiting every
angle of inefficiency and some of the large retail traders could
really get a statistical edge by doing this.
Sorry, again.
Gerrit
> It is rumored that some retail brokerages are selling a
> consolidated data-feed with all their client actions in the markets.
> I was told that some institutions are making a profitable living by
> always taking the opposite side of the unweighted (disregarding
> trade size) average of all client trades.
>
> > I was musing a bit today about system performance. Let's say that
> > you code up a system that produces hideous buy/sell signals... and
> > I mean all the wrong signals at all the wrong times. I'm sure we
> > all have well maybe one or two of these lying around :-)...
> >
> > Ok, now turn this around as a contrarian indicator. Sell when it
> > says buy, buy when it says sell. So if it looses 89 trades out of
> > 100 and wins only 11, by turning the logic around you should have
> > winners 89 percent of the time ...
> >
> > Well, it was a thought...
> >
> > - Hacker
> >
> > Dark Hacker | Cyborg
> > The Guardians Of Computation | Fortress Of Computation
> > mail: hacker@xxxxxxxxxxxxxxx | web:
> > http://www.computation.com/pub/hacker/
> > __________________________________________________________________
> > __
> > "Life itself is.... COMPUTATION!"
> >
> >
>
>
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