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  1. #21
    Stance's Avatar
    Stance is offline Senior Member
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    I've said it before on different forums, but I guess I can say it again... Why day trade this stuff when clearly HFT is taking over just about every market?

    Take a read at this Institutional Investor Global finance market news, analysis and research

    I've been focused on the longer term trend. No more churn-and-burn'n stocks for nickles and dimes. My hats off to anyone that can still make money that way.
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  2. #22
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    It's Disgusting, Level II Quotes are a joke. On Citi, and Sprint, the Buys and Asks are so large, it screams Computer. 200K Buys, vs 300K sales, and one order is for 150K, and one order is for 200K. Penny moves...

  3. #23
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    Quote Originally Posted by Stance View Post
    I've said it before on different forums, but I guess I can say it again... Why day trade this stuff when clearly HFT is taking over just about every market?

    Take a read at this Institutional Investor Global finance market news, analysis and research

    I've been focused on the longer term trend. No more churn-and-burn'n stocks for nickles and dimes. My hats off to anyone that can still make money that way.
    Another advantage to futures and commodities

    If you want to buy 100 contracts of lean hogs, its not happening without pushing the price of hogs way up, and your advantage of a few ticks goes out the window.

    The only market you can do HFT in futures is possibly some of the big index markets like the S&P, and Russell.

    I create program trading, but its not high frequency. I would say 70% if not more of stocks is now computer generated, and some some currencies as well.

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  5. #24
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    I don't daytrade w/ lvl II, but I know people that still do that and while it's gotten a little harder for them, they are making more $ than they ever have before so it all comes down to who can adapt
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