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re: SETI type multi nodes, massively parallel, blah, blah, blah....
WELL, HERE ARE THE RESULTS OF THAT ENDEAVOR AND IT AINT PRETTY:
http://www.cassandraproject.net/cgi-bin/cgiwrap/cassmk/history.cgi
60% win rate; horrible 1.2 to 1 win/loss ratio
Some WHOPPING LOSSES in the S&P 500....recently $9500 PER CONTRACT within 2
weeks.....
An earlier S&P trade lost $25,000 per contract !
Only thing holding this thing up is the Yen short position.......
Hmmmm....looks as if this thing can make money ONLY is long, sloooowwwww
trends.....like Forex.
I think Cassandra needs a brain transplant.
HUGE AND WIDE STOP LOSSES MAKE THIS THING UNPRACTICAL EXCEPT FOR CPOs and
HEDGE FUNDS.
> -----Original Message-----
> From: ztrader [mailto:ztrader@xxxxxxxxx]
> Sent: Monday, February 25, 2002 9:21 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re[3]: [RT] Vegas Anyone?
>
>
> On Monday, February 25, 2002, 3:07:18 PM, TheQuant wrote:
>
> T> No, it's a new age in computerized trading. I know of a
> T> project privately funded which is using SETI type multi nodes to
> T> collectively figure out price patterns on the world's markets.
>
> Yep - we're starting to get good at massively parallel computing. In
> the short run, you may deride TheQuant, but he/she will probably have
> the last laugh. We are starting to approach molecular computing, which
> will facilitate both parallel computing and speed. This will lead to
> computers with sizes approaching the brain, but a billion times
> faster. In just a few seconds, this computer might do as much as a
> human can do in a *lifetime* of thinking.
>
> Make fun of TheQuant while you can. :-)
>
> ztrader
>
>
>
>
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