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Knight Trading Losses Attributed To Old, Dormant Software

skaffen42 Re:The NYSE shouldn't reverse trades. (223 comments)

They actually did reverse trades in something like 6 of the 146 affected symbols. These were stocks that were clearly trading completely out of their realistic ranges, so a small portion of trades were reversed. Though I'm sure Knight was begging them to reverse all the trades...

more than 2 years ago

Knight Trading Losses Attributed To Old, Dormant Software

skaffen42 Re:The NYSE shouldn't reverse trades. (223 comments)

Wish I had mod points, but instead I'll just add a comment to agree with you.

This whole thing has nothing to do with HFT, except that a bunch of uninformed idiots who have no idea what they are talking about have decided to spout off about HFT. Because it sounds exciting, not because it had anything to do with what happened.

more than 2 years ago

Being Honest In Exit Interviews Is Pointless

skaffen42 Re:Be Nice You Might be hired back (550 comments)

Very true. Be nice, be as honest as you can without stepping on any toes, and don't burn any bridges if you can avoid it. The world is much smaller place than many people realize, and even if you don't end up back at the same company there is a good chance you might end up with some of the same co-workers one day.

more than 2 years ago

Algorithmic Trading Rapidly Replacing Need For Humans

skaffen42 Re:This is bullshit. (331 comments)

Taking your points in order:
1. Adding random delays to all trades will make life harder for (some) HFT traders, but will also add uncertainty to all trades. More uncertainty is rarely a good thing in the markets.
2. Ron Paul for higher taxes! (Hey, it's your sig, not mine). So you seem to support Ron Paul with your signature, but at the same time want more government interference because you think the HFT guys are making too much money. And you even want to use taxes to kill their business. The amount of cognitive dissonance is astounding.
3. HFT guys will love this. They usually stop trading when there is a chance of their trades being reversed. So making it impossible will just make it easier for them.

about 3 years ago

Algorithmic Trading Rapidly Replacing Need For Humans

skaffen42 Re:This is bullshit. (331 comments)

3. enact a rule that all trades stand.. erroneous trades made by a computer algorithm will never get rolled back

THIS. It is total bullshit that if your computer fucks up massively you get a rollback. Keep your winnings if you win, get your money back if you lose. What a deal for the big firms.

I think the HFT people would be the first to support this rule.

Remember the "flash crash"? From what I understand the reason the market went into freefall was that a lot of the HFT folk pulled out of the market when they though there was a risk their trades would be reversed. So they turned of their computers and the liquidity they added to the market disappeared. Result... market goes into freefall.

about 3 years ago

FDA To Scrutinize Mobile Medical Apps

skaffen42 Re:computers and health care (142 comments)

Posting about personal responsibility... anonymously...

I'd make a joke, but I think you covered it.

more than 3 years ago

Ebooks Now Outselling Print Books At Amazon

skaffen42 Re:Could that be a lie? Or, is Amazon not doing we (207 comments)

OK, so this is anecdotal, and we all know the plural of anecdote is not data...

I buy lots of books, and I can barely remember the last time I bought a book from a source other than Amazon. Even the used books I buy I get through Amazon's marketplace. About 2 months ago I finally broke down and bought a Kindle. I bought it to use on my commute, with the idea that I'd finally get around to reading all the classics (which are free), but would rather buy paper books for anything else.

Two months later I have been completely converted to the Kindle. I now don't even bother looking at books that I can't buy on the Kindle. It kind of sucks, as a lot of publishers charge a premium on Kindle books (how the hell do they justify that???), and other books simply are not available. But the convenience of reading on a Kindle trumps the disadvantages for me.

So for me at least, buying paper books is now a last resort.

more than 3 years ago

CS Prof Decries America's 'Internal Brain Drain'

skaffen42 Re:I disagree (791 comments)

So here is something I always ask when people complain about H1B workers. You are going to compete against people from India/China/etc. no matter what you do. But would you rather have them in the US, where they have to compete against you while having the same cost of living as you, or while living in their home country where the cost of living is a fraction of that in the US?

Even better, a lot H1Bs go back home after a few years. However, during their time in the US they paid into the social security fund, a benefit they will never be able to claim. Unfair to them, but great for US citizens.

more than 3 years ago

Detecting Tailgaters With Lasers

skaffen42 Re:Moo (1136 comments)

True. After moving to the US it took me a good three years before I could drive like a big enough asshole to survive in Jersey traffic.

I am still hoping to be able to master Manhattan traffic one day, but I suspect you have to be born with that level of disregard for life, laws and manners. I don't think I'll ever be able to reach that level assholery.

Warning people of how they will be expected to drive should really be a part of the process of getting an H1. And there should be some form of de-programming available as well to H1s (and other immigrants) that teach you how to drive normally again when you leave the US. I know every time I visit my parents they refuse to let me drive... or at least refuse to get in the same car as me.

more than 7 years ago



How do you deal with programmers who have not stayed current?

skaffen42 skaffen42 writes  |  about a year ago

skaffen42 (579313) writes "The recent Ask Slashdot about becoming a programmer later in life got me thinking about a related question. How do you deal with programmers who have not stayed current with new technologies?

In the hiring process this is easy, you simply don't hire them. However, at most companies I have worked at there are usually a few programmers who have been employed there for long enough that the skill-set they were originally hired for has become irrelevant. At the same time they have not bothered to stay current with newer technologies. They usually have enough business knowledge that they provide some value to the company, but from a technical perspective they are a slowly increasing liability. As an example, I work with a developer who is 10 years my senior, but still doesn't understand how to write concurrent code and cannot be trusted to use a revision control system without causing a mess that somebody else will have to clean up. On top of that he is really resistant to the idea of code reviews, which I think is due to him disliking people he considers junior to him making suggestion about how to improve his code.

So how do my fellow Slashdotters handle situations like this? How do you help somebody like this to improve their skill-sets? And most importantly, how do you do so without stepping on anybody's feelings?"


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