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yeah all good point. And totally agree about Corbyn. He scares the hell out of me.

Hi, Wasn't sure if this is the right place to post this. But something thats been concering me for a while now is the rise of hardline left wingers willing to attack the financial markets for the root cause of all evils at any opportunity. I wont go into a capitalist/socialist debate now as...

Iv started trading it a bit.. volume isnt bad to be honest considering how long its been going and its obviously arbed with the full dax contract so probably more liquidity there than whats in the book

I think "multi decade periods" is a pretty steep criteria you are setting. How many people in any type of business achieve this. I have consistently made a full time income day trading for over 10 years (only left college 12 years ago) so who knows that figure could be 30-40 years.. just give me...

I don't see why people assume that just because you trade and have other forms of income/businesses it means you aren't good at trading or it isn't sustainable. The more money you make the more other money making opportunities present themselves to you. Personally trading is my passion and...

Well it's 10k capital risk whether it's prop or retail or whatever. But prop give you far more leverage and let you scale up quicker. And anyway the whole basis of my point was that you need to at least be prop to make big money and it won't cut it on a retail level/retail fees. But...£10k...

Why's that billy? I opened my first prop account with 10k and have had profits in excess of 800k (sterling) from that point.

I've been a self backed proprietary trader for almost 11 years. So I'm very qualified to give an opinion. I think you need prop firm levels of leverage and infrastructure to make really meaningful amounts. So I view retail traders as the first class you have to graduate from to then get to...

Well said i960. That's exactly it. Spoofers only take money off of front running Algos. Spoofers, although not exactly 'honest' in their intentions, are like a parasite that keeps something clean.

There is more liquidity than most banks even could realistically dent for 90% of the day. Even if you clipped 4000 lots at market there are so many spreaders and arb systems that would just take the other side and hedge it out instantly. (i wish more people did do this is would be free money ;-)...

Most spoof orders are in the market for a few seconds at a time they need to be there long enough to look real. The fact is, if the markets allowed spoofers eventually they would be so many people spotting them and profiting from them they would become unprofitable. The only regulation that...

Feel free to PM me and I'll see if I have found a way to combat your issues. Generally i only use spreaders for faster moving markets. If you're doing something slower moving like STIRS then I'd manually do it. But even oil spreads. Bund bobl etc I don't mind giving up a bund tick once every...

To be honest I have been spread trading for close to 10 years using autospreaders on TT, Stella and now CQG. I've tweaked and played with every single setting and none of them make that much difference. I just accept getting legged is part of the game. Unless you have some HFT connection you...

Just call up CQG they are very friendly and generally talk you through everything you need. Personally i find the "fills management" section of the spreader covers everything i need

Yeah they are still in there, they aren't as obvious as they used to be and are a far smaller part of my trading arsenal. But last week there was a lot of spoofing in the Bund

Yeah lots. HFT's killed off one group of strategies but opened up a load of new strategies. It's about adapting. I started off in 2005 as a trainee just as HFT's were starting to become more prevalent and the old school traders wer dying off. Nobody had a clue what was going on but eventually...

Yes. I do And so do the guys I work with (I've been at a couple of firms but am uk based).

Terminator8 Spoofing is actually very basic and not at all as high tech and advanced as people make out. Spoofer will put small offers in (usually iceberg orders) then put big bids in below the market. The uneducated traders and front running HFT's will think the market is going up because of...

How can you 'avoid' the hits. Sure you can reduce the odds but it's still a real order. If you have 2000 eminis 2 ticks back in the book and it gets swept on an unscheduled news event you are carrying those 2000. Algos can have things built in like 'pull if that price trades more than X' but...

I disagree. I have watched and traded off the back of spoofers for years and I have seen them get hit plenty of times. And the market knows when they get caught and squeezes them. I also know (personally) a few guys that used to manually spoof the market on TT and they made a lot of money, but...