Peter Ndirangu™
14.3K posts




David Magerman spent 24 years at Renaissance Technologies and revealed how the fund actually makes 66% a year: "we don't look at news, all we look at is price and volume. any news you see, someone bigger already knows it" this is the man who built the most profitable trading system in history explaining how it actually works - why the system crashed every 30 minutes, and why positive news means a stock will fall • "when we built our original trading system in 1995 it crashed every 30 minutes. the only way to restart fast enough to keep making money was to hand-edit the files" • "positive news about a stock may actually be a sign it's going to fall. human beings think a certain way - you want to get ahead of them not with information but by gaming their psychology" • "Renaissance lost 20 times more than it ever lost in its history. if it went on for another week we would have gone out of business" • "I don't own any publicly traded stocks. less than 1% of my net worth. I understand from my experience at Renaissance that stock prices sometimes have nothing to do with the value of a company" Magerman said the edge is in price and volume, not news, try it with AI to backtest strategies ↓























