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Not so. 10% on a $10,000 account is a much different ballgame than 10% on a $10,000,000 account. It does not take a trading genius to make 10% on a small account, month after month. It does, however, take a lot of finesse to be able to pull those kind of returns on a much larger account.

My certainty on any given trade is usually dictated to me by the market shortly after entering, for better or worse.

Rebates, advertising liquidity to attract a buyer/seller, etc. Without saying too much, large traders tend to leave their footprints on the tape. Algos are experts at trading in nanoseconds but they don't move markets. Orderflow is the only tool that can tell you who's doing what in real-time...

Why don't you quit waxing philosophical and just give the guy something of substance that he can actually use.

If i hit the bid, price would go down real fast ;)

I would suggest you scale out instead.

I trade equities almost exclusively using the tape and depth of market. There is an edge.

mmm... no. A 10k trading account cannot generate 4k everyday without risking the entire account. Silly post.

Any strategy that nets me a worse average price is not a strategy I would employ.

I worked in a prop shop for a time and saw this play out every single day. Trading alone, my fiercest opponent continues to be my own unconscious self.

Some people win by losing. Some people win by winning. Win or lose, everybody gets what they want from the market.

I think you're missing the point. The atr does not govern markets or effect price movements, it just averages a price range over xx amount of data.

Kind of ironic considering your username. Soes was the scum of the nineties.

you could always peg to primary with a predefined limit of say, 3 cents. So if price trades to your bid price then trades up without filling you, your bid will automatically move up in increments to a maximum of 3 cents higher than your original posted bid. Therefore you'd have 3 prices at which...

Scale in, scale out, no regrets.

Pegged to primary is offered by many exchanges. It seems like he's looking for hide not slide orders though which I think only edgx and bats offer. In any event, I agree that no matter how you play it, this is a losing strat (in the absence of a mechanical edge).

They're a real firm. The head office is in Toronto. They've got a few floors all over the world. Some of those floors are one man operations. There are better prop shops to be had.

Maybe you've spent decades anticipating the wrong price at the wrong time.

BYX

As someone already mentioned, you can use the tiered structure with IB and save on commissions (sometimes even be negative commissions depending on your size) IF you route your orders correctly (will require some homework) and are generally adding liquidity. if you don't like the TWS software...