Definition: Derringers are a type of algorithmic trading strategy that involves using leverage to buy and sell financial instruments at high prices. This can be achieved by buying into an overvalued asset, such as a stock or commodity, and selling it for a price significantly lower than its current value. Derringers can be used in various market situations, including speculative trading, arbitrage opportunities, and short-term market fluctuations. One of the key features of derringers is that they can be executed with