East Central South Dakota | if you have ever been invited into a trading war room of managed money, it would cure and scare you out of ever being a speculator. 20-year-old software engineers putting all the human emotions and the actions that are driven by those emotions into a trading algorithm. The data of when notes are due, work schedules of farmers and when they market, when a missile does this the market does this, when a President goes on vacation the market does this----1000's of data points and percentages and the algorithm pukes out a number and timetable to trade. Algorithms and software engineers have changed the game, and it looks to me like you're a fool it you want to speculate against that. Now there are algorithms to fight the projected outcomes of other algorithms. All the old warehouses around the CBOT now have super computers in them because they are closer to the CBOT trade computers and are a milli-second faster to trade than a computer in Wall Street.
All the technology and money will drive the market lower than it should be and also higher than it should be. The problem for me is I have to get a handle on my greed when I recognize the market is higher than it should be and make some sales on the opportunity. Sounds easy, but even the supercomputer knows my greed tendencies and pushes the market down the elevator shaft before I decide what to do. Now I get stubborn and dig my heels in and won't sell and that date where I throw in the towel is projected by the computer and they go long on our sales.
I know it sounds like science fiction, but it is a reality of what we are trading against and yes, even cash sales are trading against it. |
Case in point
