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I am curious as to exactly why the profitability decreased steadily and rather rapidly all the way to ~zero. The article doesn't seem to expound on that unless I missed something.

Is this a result of bots on the other side adapting in some way to what you were doing? I would have thought you would be too small a player for them to notice.




I don't think anyone was adapting to what I was doing in particular but rather simply adapting to the opportunities in the market.


Thanks. Makes sense... I guess those opportunities tend to get ironed out rather fast then.




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