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when ES consistently trades inside <10 point daily range, no retail traders on earth with zero exceptions have a lasting edge. Price is too dead and too chopped for creating a consistent positive reward overall. when ES consistently trades 12pt to 20+ point daily ranges, lot of traders have...

Yes, you have been repeating yourself for awhile now. If you have no edge, no trading is worth anything because all you will do is lose money regardless. Is that an over-simplification? If you have an edge AND at the very least, you can match the best potential net income while day-trading...

Yes, indeed it is the algos. I'm not talking about price behavior the past few weeks... but the past few years in general. Over in the CL thread you stated this year is a net-loss for you in CL trading so far. My suggestions are in response to that. You will never profit from attempts to...

What more is there to say? The attorney in you just relentlessly badgers every nuance of the business side of TST. I'm not interested in debating that angle, because it doesn't mean s(quat) to me. I hope they make a zillion dollars annually from their business operation. Meanwhile, the ONLY...

One thing you can do to stop some bleeding right now and forever: quit trying to trend-trade crude oil with -100 cent initial stops. CL does not consistently trend any more like it did prior to late 2012 Dodd-Frank act. Now it is all algo slams with congestive chop followed by abrupt price...

You are on vacation, presumably not by yourself, you are not interested in TST combines and you aren't even trading. Yet you feel compelled to post long-winded negative diatribes in here? Think about that for awhile. There are some self-realizations about yourself for you to face. And...

I just started day one yesterday... it was a draw day in the 40-cent pit session total range

did you read the part where fewer than 5,000 shares were traded in the first 40 points up? Back in the ay of real stock trading, 5000 shares would have been the first leg in of one lone trader's position. same with HLF... covers ground with smoke & mirrors, no liquidity. But HFTs are good for...

not to disparage the ACD thing at all, but Stevie Wonder could have traded that tape with ease today. Trading, period does not get any better than that.

there is nothing to debate. Remove the "SOES bandits" HFT parasites of today, and today's quants become yesterday's price-discovery quants. They are no more intelligent or genius today as mathematicians before. The human mind doesn't change, and advanced technology on both sides levels the...

Financial markets were created to spread risk thru liquidity amongst all tier of participants, small to large. That is the reason any market exists. Spread risk amongst many, and in turn reward relative few. When all players are trading order flow, everyone participates to "make" a market...

label as you like, there are still only two modes of trading acts: price discovery, and order flow. That's it... you either trade "price" or you trade "flow". We have no doubt that a tiny, fractional percentage of today's HFT quants would go on to be successful trading price discovery instead...

Do you have any reason to believe that all of the mathematicians whose entire edge to trading relies on front-run orders speed, have any other ability to profit than that? If one's sole game is front-run tactics and said tactics get rendered moot, what next?

why sure it's broken, and broken badly. But it sounds like the powers that be are taking at least the first steps towards mending those breaks. whenever traders in here opine how HFT liquidity drains and front-run theft have altered the markets, pro-HFT programmers are quick to reply with...

An artificial stock market and the general economy have nothing to do with one another. Stocks are at all-time highs with multi-decades low participation from Americans in general. So the vast majority of people out there couldn't care less what the Dow does... matter of fact, they don't even...

There shouldn't be any concerns for rollover from a continuous program. Why would there be? If you almost make the benchmarks in eight or nine sessions, twenty-one sessions inside a 30-day period should be more than enough. The entire talk of "rollovers" is rendered nullified and moot.

In other words, seasonality. Right? We both agree to that fact now :cool:

Part of "seasonality" is liquidity. When crop reports and data and weather aren't factors, market gets dull and volume declines. Characteristic of grains. Just like CL thins out for a week each month (right now) during rollover process. You can count on that going a bit haywire, consistently.

yes... seasonality. Sometimes ZS can trade like a dream, sometimes it remains bats(omething) crazy for weeks on end. Not a problem if you are senior trader established... is a problem when trying to qualify with performance. my very first combine attempt was CL & ZS. I passed the CL side with...

yes, in the past Junior Trader status had no time deadline to reach min profit goals while combine had 10-day mandates so because of that disparity, my plan was to scale-in trade the combine for max favorable leverage due to need for limited-time performance mandates however, now that the...