November 2019
Beginner
394 pages
10h 31m
English
Trading is a zero-sum game; for some participants to make money, there must be less informed participants that lose money to the winning participants. The problem with this is that participants that are losing money either get smarter or faster and stop losing money, or they continue losing money and eventually exit the market altogether, which will hurt continued profitability of our trading strategies and can even get to a point where we cannot make any money at all. If our trading strategies are making money by trading against these less informed participants, and they either become better informed and stop losing money or they leave the market, either we lose our trading signal advantage ...