Are there any stock/equities intraday traders left?

Quote from NYOBScalper:

Trading has gotten harder. It's darwinism. Where older traders who can't adapt see randomness, I see subtle differences that some here might call an "edge." The bots aren't that smart. The way some of those market maker people play liquidity games can is so manipulative it's almost criminal, but you can still recognize their games and try to trade alongside them... recognizing buy programs/sell prgorams is easier than learning specialist behaviors IMO.
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That's the name of the game!

Ron
 
Quote from smoss:

Seems over the past year or so most all the stock daytraders (intraday) that I knew have gone bust or moved to futures. This has become very evident in the bid/ask spreads getting much bigger lately and no more piles of daytraders at the inside jumping in front of each other incessantly adding all the liquidity. Is anyone besides the market makers benefitting by the new lack of liquidity, or will it just continue to get worse with more wild spikes and eventual disappearance of all stock intraday traders?
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You have everything 100% wrong...
And your post makes no sense.

Liquidity in stocks is much better than 12 months ago...
And most quants trading stocks are having a record year.

I'm sure Bright's top traders are having a record year.
 
Yes , guys the market is very difficult to trade now for those that have not adapted. Most of the traders that I know that started with me 12 years ago got cleaned out , given up or probably doing something else. This game requires adaption at all times. I have developed 5-6 different trading styles I will utilize at any given moment. No change in the market is or will be capable to put me out of business unless of course I put myself out by taking too much risk or just plain & old trader stupidity. There is no one to blame but yourself. If you desire to be helped, let me know and I will see what I can do.
 
Quote from trickshot:

The volatility destroyed them.
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these people are not professional. they show a lack of ability to adjust + enough dry powder to take advantage. these are basic requirements for success in any venture. (sounds like a bunch of nano neiderhoffers)
 
In regards to stock trading, recently I took a 3 minute and a 15 minute chart to see if I could find good "dual confirmation" trades with about 30 stocks. I found plenty of good signals to trade that could be used for intra-day position trades or initiating longer term entry points. I even used some shorter time frames to trade several financials and the SPY with solid results. I guess maybe the bid/ask scalping of the past has eroded away but who would want to sit and trade that way all day..not my cup of tea.
 
okay, so it seems you all "know people" who are making zillions in stocks, why no posts from them. What exactly is it that YOU are trading, and why is it not stocks if it's so easy now?
 
Quote from smoss:

okay, so it seems you all "know people" who are making zillions in stocks, why no posts from them. What exactly is it that YOU are trading, and why is it not stocks if it's so easy now?
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Smoss I have been tradind since 2000. I might have my best year ever depending on nov and dec. Most of the traders I know at schonfeld are doing well also. Well meaning they are having multiple months in excess of $30,000 in profits. These traders are making more than most average workers do and they are very excited about the current environment.

When there are multitudes of stocks with daily ranges of more than 5 points imo traders should be doing well. Is trading easy? Never. But it has been a hell lot harder during other times this decade. I remember the 2003-2004 time frame where barely any nasdaq stock was over 50 dollars and the intraday ranges on most stocks was tiny. Those were hard days.
 
Quote from Smoss:
Smoss I have been tradind since 2000. I might have my best year ever depending on nov and dec. Most of the traders I know at schonfeld are doing well also. Well meaning they are having multiple months in excess of $30,000 in profits. These traders are making more than most average workers do and they are very excited about the current environment.

When there are multitudes of stocks with daily ranges of more than 5 points imo traders should be doing well. Is trading easy? Never. But it has been a hell lot harder during other times this decade. I remember the 2003-2004 time frame where barely any nasdaq stock was over 50 dollars and the intraday ranges on most stocks was tiny. Those were hard days. [/B]
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I have to agree with this...been trading since late 99 and this is the first time since 2000 that you have so many stocks that are over 50, 75 and 100+ dollars that are tradeable. I for one hope it lasts a couple of more years at least.

:cool:
 
Quote from arealpissedgoy:

Stock traders should be doing very well. Most stocks have been trending intraday, much better than the futures markets.

Unless you're trading the utter penny nonesense prop shop strategies such as Swift teaches. Then you're wasting time.
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Yeah that's what I thought when I read this?

Trending stocks have been far better lately.

BIDU, AMZN, YHOO, CAL, hell, even housing hasn't been too bad.
 
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