From human traders to algorithms | The biggest change on Wall Street

本站添加: 2026-05-25

[00:00:00]And the biggest change is people don't worry about price as much and as a technician that's all I care about. I only care about price because that's what pays.

[00:00:08]Um, they want to know volume. All right, IBM, how's it looking? Oh, it's looking up a half a dollar. No, no, no, no, no, no. How much volume is there? 20,000 shares? Okay, I'll be 10% of the volume because the algorithms just want to go along and be average. Now, who wants to be average? I don't want to be an average participant in life. I want to excel. So, the biggest change has gone from that open outcry where people were in there fighting for price, now they're fighting to be on the volume weighted average price and that has been the biggest change I've [music] I've seen.

[00:00:48]Right.