you want to day trade? pinto vs veyron

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    carendt242's Avatar
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    Default you want to day trade? pinto vs veyron

    this is what you're competing against - good luck
    LRB · Donald MacKenzie · How to Make Money in Microseconds


    (i did research in this stuff when i was in school - complexity & algorithms back when it was a newer field - to win, you need an effin fast computer, constantly adapting algorithms, & a PHD - not for amateurs)


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    Hmmm, very interesting read so far...

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    this is pretty true for many stocks and also the indexes. Makes it a bit tricky. But its actually good for the market. Remember great traders & businessman adapt to anything. for every innovation or trick someone comes up with. Someone else comes up with way to take advantage of it.

    There are actually ways to make money off the way these computers trade as they are programmed and predictable!

    You can also trade smallcap or midcap stocks that dont really have the volume or liquidity for these guys to get size into any position so they cant get in there.
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    ADV.1 Matt's Avatar
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    This is why I got out of daytrading... the black box programs really changed market behavior in a lot of markets. The ES was nothing like it was 10 years ago... and i'm not talking volatility wise, i'm talking in the behaviors it would exhibit. I believe a lot of that has to do with the black box systems that are being used now to slam the market at key levels. It's a LOT more pronounced these days in the futures markets than it used to be.

    I get that markets change and you need to adapt... but I can't click an order in a millisecond and my competitor can... who's order is going to get filled first? It's hard to have a human compete with a computer on any level especially in complex scenarios involving market action.

    In the end I moved to the foreign currency markets where (to me at least) the moves are still profitable and react at the key points with more significance than in some of the more heavily saturated futures markets.

    Just my own personal observations that i'm sure many will disagree with.
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    Call me crazy, but I love that sorta thing
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    Quote Originally Posted by steve0827 View Post
    Call me crazy, but I love that sorta thing
    Typical Bentley student haha
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    Quote Originally Posted by Hollywood85 View Post
    Typical Bentley student haha
    You got me
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    pretty neat if you ask me

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    Quote Originally Posted by steve0827 View Post
    Call me crazy, but I love that sorta thing

    the math & ecosystem behind it is fascinating; trying to compete as a day-trader, without the arsenal, is foolish gambling.

    - chuck
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    Day trading is so hard now. Scalping for $150 a day, from 7AM to 4PM, not fun. Some days you can't even make that.

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