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I'm gonna go out on a limb here and suggest the group with teams of PhDs writing high frequency trading algorithms might have an advantage over a dude with a Robinhood account.


HFTs certainly have an edge on micro/milli/seconds timescales, where price moves are more predictable. But that expertise doesn't necessarily generalize to mid/low-frequency trading where human traders and the real world come into play.


They have more information but time and again, they have indeed lost. Sometimes some of them, everything. They are not “the house”.


That just means they get to make bad decisions faster.




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