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That's the problem with trading, the fact that us humans are all against each other, in any other field you would get help, we would god forbid actually be on the same side and help each other, but instead no one REALLY helps anyone else(other than basic BS) because in the trading world we are...

probably 4-5 guys in this prop shop earn more than $1m/year then there's probably 10-15 guys below them who earn anywhere from 200-600k, then the newer guys below them, anything up to 200K.

So....what are you actually doing?(If you don't mind me asking, or PM me to describe if you want) just spreading 10s30s and 5s10s etc? Based on what? Relative value, when one gets pushed out from order flow or mean reversion or have you got a more mechanical approach/system? Do you leg in...

I wonder if it will keep getting bigger or come back off with more competitors using the same/similar strategies? Then I suppose internet speed will just be getting faster and faster so there will always be an edge in that, it will just always be about the latest and greatest/closest connection...

They were adding to a short 20c or so from the low on the way down??? That seems like a pretty stupid thing to do? did you see them covering their shorts at the bottom and get long as well then??? Was only a little bit further after what you posted before it made a low, ranged for a bit then...

lol.....of course you see all the things that are good for your position. Gotta love traders :D

So....what was the reasoning in your opinion behind the first big lot @ 105 then the second lot at 87? Because we went on down to around 104.50 then back up(not that far, especially for crude), those big buyers have a part in that? So you would have got short after you saw that big size @ 87...

www.catchyurl.com

Personally I would have gone short into that, 700 is highly likely to be fake, if it got to it and it was real(started churning) I would have got out, but no doubt as soon as it got there, it would have pulled an made the new low, it's probably someones algo trying to fool other algos into...

How's it going lately? Do you trade full time, why are you so busy? Would be great if you could keep posting! Your last post sounds like you had your lunch eaten by algos?? How are they effecting your trading, especially this way etc.

Thanks! Good explanation :)

found a few PDFs/papers on HFT strategies, haven't read any of them yet but if anyone is interested. Looks like there is a little bit of a hint in there about what sort of thing they look at, first one is more basic, others are actual papers it seems with all the formulas etc...

lol nope, higher it is :D

anyone watching CL just now? 520(or 540, can't remember) popped up on the low on the bid, was spoofing, pulled it, then there was the 100 lot sitting at 105.70, went down to test it, nothing happened, must've been real I think, now its nearly back to 106 flat. Why spoof the 500 lot...

So in futures it'd be the difference between the cash and futures for example? Ha, yeah agreed AK100, still would be good if anyone knows of anything that they actually do. Surely there's someone here that's smart enough to figure out what they might be doing, or knows someone working at a...

Hey guys, Obviously algos/bots are a big talking point in the markets now, and some are for it, some are against it. But I was thinking today, some traders probably would like to make their own algo, but I thought what do they actually do? I was trying to think of it today......like...

yes.

do my own thing, consistency(in execution as well as P&L) and forgetting the money side(think in ticks). They are what helped me the most.

Certainly isn't dead, if anyone says that they just don't know what they are looking at. It's just like anything else, put in the time, get the reward. If not, it will be useless, just another tool in the box that can be used. And no you won't find anything on it, just need to watch and...

Not if you watch/use Linda Raschke videos :D :D :D :p :p :p :eek: :eek: :eek: