Recent content by pragmatic-trader

Their customer support is excellent, you just need to use the live chat feature during market hours and they'll get back to you in a few minutes at most. Although I think the product is significantly over-priced and it can be slow to switch between charts (2 seconds when outside US), I would've...

That is absolutely false. HFT has inventory like any other trader, it's just a very short holding period and they attempt to hedge it if necessary. You speak with such confidence about a topic you know nothing about

Agree, long term investors are net winners, short term intraday scalpers losers. I see it as a positive that tech has made many of these scalpers unemployed though, it's a freeing up of human capital. Scalping, arbitrage, etc is a job better left to a computer. It's easily automated and a human...

I'd be interested to see a study on the revenues generated by the former vs the latter to provide an indirect answer to that question that bypasses the whole issue of having to measure and quantify liquidity, which I agree is a tricky issue Although my money's on HFT being a net benefit mostly...

Misguided. BBO spreads are way, way, way down since the advent of HFT. And the liquidity is most certainly not fake, you can lift their offer whenever you want. If you think otherwise that's conspiracy nonsense created by salespeople with an axe to grind like the IEX founder. Think about where...

Precisely

I've worked for a few HFT firms. Never trading US cash equities but futures markets and other stock markets. HFT in most markets has nothing to do with dark pools. It's primarily delta 1 microscalping using orderflow data and sympathy drivers from multiple markets. Execution would be either...

I know that SGLB faded. Doesn't mean there wasn't a scalp there to be had. PR involving new contracts with brand names in small caps often have a protracted volume move for a scalp. But I am not going to hold a swing long low float gapping up 80% with potential dilution.

Given that it was gradual buying for almost 10 minutes after the PR hit, and I can place a limit order in less than 5 seconds, my answer to your question is "obviously yes".

Agree with you on the oil numbers

Your example is regarding macro catalysts as well as quantitative numbers which are more efficient and internalize into the price almost immediately. I'm talking about stock specific catalysts which require some understanding of the sector and stock. For example $SGLB today. I got this PR...

You claim not to be stupid but then you write a stupid thing like that? :)

Do you know a service faster than Benzinga Pro?

What's the fastest news service for US cash equities trading? I heard that Benzinga is not the fastest but am not sure which one is