Is this statement made in 2007 still true?

In his book 'The Evaluation and Optimization of Trading Strategies' published in 2007 Robert Pardo makes the following statement

"I do not believe that a systematic strat- egy has yet been created that equals, let alone exceeds, the performance of the greatest discretionary traders."

He then goes on to define "the greatest discretionary traders/investors mentioning Berkshire Hathaways's Warren Buffet among other household name investors and traders.

Nearly a decade later, seeing improvements in computing capabilities and emergence of new trading strategies, is Pardo's statement still true?

Submitted August 31, 2016 at 05:28PM by upular21


Podcast · Interview with former-HFT, Dave Lauer

Hey all,

Aaron Fifield here—host of the Chat With Traders podcast. For this weeks episode, I interviewed Dave Lauer.

Dave is a former-high frequency trader for firms such as Citadel and Allston Trading. Following the Flash Crash, he left this line of work, and is now regarded as a market structure and best execution expert.

We discuss; HFT infrastructure, reducing latency, market structure, dark pools, and more.

Here's the link if you'd like to listen:

~ Aaron

Submitted August 31, 2016 at 04:46PM by AaronFifield

If buying penny stocks is a bad idea, is it a good idea to short them?

I been hearing a lot of conflicting info about penny stocks. Some say they make a living trading penny stocks and never lose. Then theres these experts who try to warn everyone not to invest in penny stocks because theyre worthless, cheap stocks are cheap for a reason, penny stocks are failing companies and your better off making money at a casino. So why not short penny stocks if its really worthless?

Submitted August 31, 2016 at 05:47PM by scotttt76318qjxz

Has anyone tried this strategy and had success for an extended period of time?

I have recently checked for the biggest losers, new low, oversold, etc. tickers of the day and doing some DD around why these companies fell so much. It hasn't really brought the results I was hoping for but I have only done it for a couple days. So like the title says have any of you had success in trading with this strategy? How did it work out for you? What was your strategy in trading this way? Thanks in advance for the replies!

Submitted August 31, 2016 at 05:01PM by checkoutcart


I checked out Robinhood's website and they do not serve Canadians.

Does anybody know of a Robinhood style app for Canadians?

Also, when looking at a stock, it gives you an indication of how much it has dropped or risen since market open, usually followed by a percentage. How is this percentage calculated?

Submitted August 31, 2016 at 04:30PM by conepuncher420