Re: Ask mrbaseball about trading for a living
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Are these blackbox systems you mention essentially like bots on poker sites? Why do you think bots would be outlawed, but trading bots are becoming the norm?
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Probably a bit more complex in trading but the same idea. Personally I can't see a reason in the world for poker bots to be outlawed.
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Is alot of trading similar to arb'ing sports bets?
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Very similar. A lot of what I do in arbitrage is the same basic premise as sports arbs but the scale in trading is way way way larger because the markets are so much bigger. Arb trades come and go. The really good ones never last because they get arbed out and there is no edge to it anymore after everyone catches on. But they keep inventing new contracts and etfs and new opportunities pop up all the time. Just gotta ride as long as you can and keep looking for the next one.
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