116: Sean Hendelman – Taking Losses, Ultimately Winning, and Keeping Pace With Markets
Chat With Traders
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The Disadvantages of the High Frequency Space
When a programmer at Goldman Sachs took the program, everybody started understanding what was going on in this space. Once it got out that people are making this much money, when that happened, everybody flooded this space. If there's an extra amount of dollars to make, there's $100 a year to make,. There used to be 100 people, now everybody's making $100 each. Now there's 10,000 people, you're breaking up that $100 more.
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