And we realized that our improved understanding of news would not only stop us from losing — it could enable us to *win*.When all the news about U.S. firms getting into crypto was coming out? We heard about it, and we knew it might be *huge*. So we bought $20k and held.當我們理解到新聞對於加密貨幣的影響後,這不僅讓我們不再虧損,甚至讓我們開始贏錢。而當我們聽到所有關於美國企業進軍加密貨幣的新聞後,我們認為這是個巨大的機會,所以我們就買了 2 萬並持續持有
We started doing it a LOT more when we decided that, yeah, crypto is inefficient. Delta bets always felt “icky” since they were not math-based — using the OI stuff helped there, but ultimately we had to accept we had non-mathy edges.當我們了解到加密貨幣市場是不效率之後,我們開始放大部位。下注於 Delta 雖然會讓我們覺得怪怪的 — 畢竟不是以數學為基礎(即便加入未平倉量做評估會有幫助),但最終我們必須接受這個資訊優勢就是來自於非數學方法”
And so we’ve slowly realized — our ability to make good delta bets *is* like another super power, and it’s one with a lot of $ on the table.So we’ve embraced it, and we make BIG bets.”“我們也慢慢理解到,我們的另外一項超能力就是賭漲跌方向,而且報酬誘人。所以我們就接受它了,而且玩得很大。
以上這些言論都來自於時任 Alameda CEO 的 Sam Trubacco。Well,這是風險的味道,尤其是當數學仔們拿掉純演算法及系統給定的風險限制後,他們的大腦的感性部分就完全曝露在來自於波動的刺激下,我很懷疑在這情況下他們來自於高頻造市的經驗能剩下幾成。畢竟高頻交易的建置作法和主觀交易完全不同,但他們現在很明顯開始大玩主觀交易。