Anybody looked at Algorithmic Trading companies?
Discussion
tight fart said:
I’ve got a friend who’s interested in putting his investment with one, he’s been told to expect
0.5% return per day!
I’m trying to talk him out of it but am I the fool missing something?
He thinks letting an unregulated Marbella based company installing software on his trading platform (which will contain all his financial and banking details) in return for ridiculous investment return promises is a good idea???!!!0.5% return per day!
I’m trying to talk him out of it but am I the fool missing something?
Would he like to buy some magic beans too!
You are quite right to warn him off this scam.
tight fart said:
I’ve got a friend who’s interested in putting his investment with one, he’s been told to expect
0.5% return per day!
I’m trying to talk him out of it but am I the fool missing something?
If someone could produce those returns they would be the world's most successful investor. Why would they waste their time trying to sell their scheme to other punters?0.5% return per day!
I’m trying to talk him out of it but am I the fool missing something?
Could you set up a similar website..
Somehow send him the link.
Let him communicate with said website and invest his money.
Then tell him it's all gone tits up six months later and the moneys gone.
Let him rant/rage/fret whimper about his idiotic behaviour and losses for a bit.
Then give him his money back like the decent friend you are.
Hopefully harsh lesson learnt.
Somehow send him the link.
Let him communicate with said website and invest his money.
Then tell him it's all gone tits up six months later and the moneys gone.
Let him rant/rage/fret whimper about his idiotic behaviour and losses for a bit.
Then give him his money back like the decent friend you are.
Hopefully harsh lesson learnt.
It’s all bullocks and doesn’t work. That’s it in a nutshell.
I could go on about how I’ve been connecting up APIs to black boxes for twenty years and did the first retail orientated OTC connections in the UK. I could talk about the liquidity issues, the cost issues, the latency issues or even the simple fact that when you’re also system works you don’t let retail money anywhere near it. But there is little point in spending too much time on this suffice to say it is all b
ks and it doesn’t work.
There will be a nerdy old tool who thinks he has miraculously invented free money. He will be whinging that the reason it doesn’t yet work is because the brokers all charge too much. This chap will have met a shifty little spanker who sits in the middle pedalling this worthless product to the kind of lazy moron who is desperate to believe that free money exists and that he deserves some of it. That mug will be rinsed of his money via a load of fees and if the spanker has got his game right he will also be using a turd of annoffahore broker who will ensure that nothing sent to them can find its way back to the mug.
The mug actually knows all of this as they’ve already been rinsed a hundred times before by other spankers and has been contacted by this latest spanker because he is on a mugs list for being a mug.
I’ve not looked at this particular offering but don’t need to as it’s all bks for mug punters. 
I could go on about how I’ve been connecting up APIs to black boxes for twenty years and did the first retail orientated OTC connections in the UK. I could talk about the liquidity issues, the cost issues, the latency issues or even the simple fact that when you’re also system works you don’t let retail money anywhere near it. But there is little point in spending too much time on this suffice to say it is all b
ks and it doesn’t work. There will be a nerdy old tool who thinks he has miraculously invented free money. He will be whinging that the reason it doesn’t yet work is because the brokers all charge too much. This chap will have met a shifty little spanker who sits in the middle pedalling this worthless product to the kind of lazy moron who is desperate to believe that free money exists and that he deserves some of it. That mug will be rinsed of his money via a load of fees and if the spanker has got his game right he will also be using a turd of annoffahore broker who will ensure that nothing sent to them can find its way back to the mug.
The mug actually knows all of this as they’ve already been rinsed a hundred times before by other spankers and has been contacted by this latest spanker because he is on a mugs list for being a mug.
I’ve not looked at this particular offering but don’t need to as it’s all b
ks for mug punters. 
tight fart said:
I’ve got a friend who’s interested in putting his investment with one, he’s been told to expect
0.5% return per day!
I’m trying to talk him out of it but am I the fool missing something?
People get excited by greed as well as things and words they don't understand.0.5% return per day!
I’m trying to talk him out of it but am I the fool missing something?
Ask him simply if they make that return why they would need his money? The rate of return is so high they would scale in no time.
Having said that there are UFHT funds which do make incredible returns, have a look at this https://www.businessinsider.com/virtu-hft-only-one... but also note they didn't go out for public money until this was coming to an end! Why give away any profits when you are on to a sure thing!
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