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We all know the state of the financial world is far from good, just a few points: Government debt at unprecedented levels. Still at emergency easing levels 8 years later and we are still worried coming off that will crash the economy. Equity and bond markets pretty much rigged... it is seen...

During the financial crises a few European exchanges I trade on tried to ban short selling for various lengths of time. Liquidity dropped and volatility went through the roof and the markets still dropped as much as all the other indices across the world. Lefties are like faith healers and...

To be honest they are still there, but less profitable. I put this down to a number of reasons, the smallest one being authorities stopping them. Traders have learned to not fall for their tricks. So many retail traders think people are out to "get them" to be honest retail traders hardly...

Hi i960, Yeah I could go with that. Consistently cancelling orders close to bid or offer would be a compromise I would go with for sure. Although... I would have a caveat that a cancelled order is only counted if you pulled your order without the market moving. Say the current market is 61@62...

Sure you can make plenty with short term trades. My studies tend to suggest the same. But im not talking from opinion im talking from experience. I know plenty of people that worked with Nav and regularly trade spoofers. So this isnt conjecture, this has been told to me from people that know...

I can assure you Saro didn't make 10 mill a year spoofing. It was one of many strategies he used. Ive known him stick 500 S&P's on and run them for 3-4 hours. That is where the big money is made. Not just dicking about with 3 tick winners risking half your account on putting spoof orders in you...

Totally agree with IAS

I regularly do hundreds of cancels a day if working autospreader orders. But these are often >20 ticks from market and have no influence on the market. Also a lot of spoofers I know do it manually not fancy algos (although I'm sure a lot are computer driven) so I'm not sure I agree with the...

Depends where you are located. In the UK at least most prop traders have their own limited companies that they pay their trading profits into and is not a regulated company. Just a standard Ltd company you can set-up online in minutes. Issues only arise when you start trading other people's money

Haha I actually worked for the same company as him (although at different times) and I have friends that are great friends with him. He has been made a total scapegoat. He did do some spoofing. But did plenty of other stuff. He made most of his money doing other trades. He started as a one lot...

Hmm I'm by no means pro spoofers. I am just anti regulators fiddling with markets. I've seen plenty of spoofers put fake orders in and get filled on them and take whopping losses. It's just a trading strategy that by no means is free money. They take the risk like the rest of us

There are far less spoofers than there used to be. I know people that would make upwards of 30k on a good day taking money off spoofers. The market when left alone will find it own balance. Lots of people spoofing initially takes money off front runners. Eventually front runners get killed off...

yeah its pretty tiring way to trade to be honest because you are constantly looking for them. Its more of a bonus when its there than anything else

No I don't pay any attention to where the market would otherwise have gone to be honest. Ive been doing this 10 years now and put very little emphasis on technical analysis or any of that stuff. I know what I am looking for and when it happens I trade it. It depends on the market, but typically...

Same way all spoofers are easy money. Once you spot them you look for their orders to come in, see them move the market, fade the move they have created and profit when they pull their orders for the snap back. Youre basically doing what the spoofer is doing without actually needing to put the...

Why the hell would a prop firm not take an experienced trader? Ive moved prop firms plenty of times. Show them you're profitable. Deposit an agreed capital level and you're away. Successful trainees offer prop firms the best bang for their buck as they are on lower profit splits. But trainees...

Someone was spoofing CL the other day with 200 lots. Was an easy $500 or so in it for me. It happens in every market every day pretty much. I don't know why people get their underwear in knots over it. If the orders are in the market they are there to be taken. Mr 200 lot in this case could...

Haha yeah but that's about 600 lots. Don't think that would be a concern of many people here

Strange question, it totally depends on your account size. Its pretty much unlimited liquidity. Can trade as big as you like

Hi, There are a few firms around that do a sort of half prop/half salaried fund role. If you have a decent track record most places would be interested. They don't really advertise that much though so might be worth talking to a respected recruitment company to see if they have any contacts. A...