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The Beginning of Discretionary Trading

Today a very sophisticated systematic (quantitative) trader said “Discretionary trading wasn’t around before the 1980′s.” I am still stunned. Maybe he is 22 years old or something…. but can anyone explain this to me? He might have met “money managed in a discretionary manner” but still…….

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This entry was posted on Tuesday, February 3rd, 2009 at 6:26 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

One Response to “The Beginning of Discretionary Trading”

  1. Tom says:
    February 3, 2009 at 8:04 pm

    This very sophisticated SOUNDING quant trader is a moron who thinks he can model the market consistently enough to have his computer automatically make money for him. Direct him to Reminiscences of a Stock Operator for a history lesson and then to When Genius Failed for a peak at his future. Perhaps he will see the error of his ways, though I doubt it.