Search results

These computerized systems are the new specialist/floor traders. They can manipulate a market just as the floor traders did. If you ask me they need to be regulated and regulated and then regulated some more so they will no longer print money in these financial contracts and there will once...

I make money by reading the order flow and picking up the spread with a large number of contracts. I have been around the markets my whole life and have developed a good feel for the markets. I am not your average chart reader or technical man. I trade almost strickly off of order flow...

Does anybody have any knowledge on this subject?

I am wondering what others think about program trading and what place it will have in the markets in the future. I am a scalper with a simple method looking at the book and picking up 1-2 ticks on the trade and risking no more than 1 tick. It is simple but requires a lot of descretionary...

I think you will see a few more hard down days then a consolidation near the end of the week. People forget that we still have to put the seed in the ground and the hot months of June and July are coming. So I am looking for an entry into the market.

Go with secrets of traders man larry levin is a great guys and I don't think he would steer you wrong. He specializes in the es and does a great job trading it.

what are you guys talking about when you say "bots" are you refering to black box trading? Is it really that powerful now in futures trading? Will all of trading have to be done by computer systems in order to stay competitive in the future? I don't think so but I am hearing a lot of...

Dude I am with you all the way I am only 16 but would give anything to be trading down in those pits. But with electronic volume taking over with around 70-80% of all futures being traded on the screen for the exchanges it doesn't look like it will make it 2 more years. Even the grains at the...

Hey everyone thanks for the info. BondTrader50 told me that the large bid and asks are the cause for the lack of volatility in the bonds. First what has caused these huge bids and offers? Second will it get better or eventually get worse and be even less volatile? And third will this...

when I say scalp I mean scalp the bid and ask be able to follow the market flow

I am thinking about day trading the bonds but am somewhat confused on some aspects of the bond markets. First is why do the bond charts look a lot different than all the other market charts? Do bonds really lack that much volatility? If so why arn't they that volatile? How do bond traders...

What is the deal don't people understand what they are losing hear. I would love to be able to scream my lungs out in those pits but considering my age I more than likely never will get the chance. When I went down to the cbot and watched the grain pits all day it was the coolest thing I have...

I am pretty much with TradingPilot I would love to work on the floor for a living but with the recent trend from open outcry to electronic will there even be enough oppurtunities on the floor? Since Our family owns a seat on the MGEX I thought about becoming a clerk and then local on the MGEX...

Thanks for the advice. But to be honest trading is all I can and ever wanted to do. From a very young age the markets were a household name in our family. I grew up watching CNBC and looking at chart patterns and reading lots of books on the markets. At first I wanted to be a pit trader but...

Thanks a lot for the advice everyone you all have been a lot of help. For all of you automated guys though if black box trading is for real will it ever take over the roll completely of the manuel trader like me who relys mainly on market feel through depth of market, volume and charts? If so...

What happens when everyone has the same amount of technology and every system is the trained to capture all moves in a market. Then you have computers going against computers and none of them will take the other side of the trade because they are all smarter than that. What kind of a market...

whatever anybody says I don't believe in the whole black box thing at all. How can an automated system possibly be able to disipher the fear and greed emotions of trading. The markets will move the way they want to thats why only a few can be profitable at trading. A bunch of guys typing in...

But how will this make me a better trader shouldn't you leave the programming to the programmers (although I still will never be able to believe that computers can trade better than humans) and the trading and deciphering of emotions in the market to traders. I just think that wants a...

but can I ask why the computer science and math degrees are more important than the economics and finance degrees. It seems to me that unless you want to be a programmer or do some sort of mathmatical analysis on a market you really have no use for these degrees. Now if you want to be a trader...

So if the big firms won't look at me will smaller trading firms and hedge funds look at me and if they will what is the best way to get their attention and show them I am capable of trading with them?