Iphone, Itunes, Iwatch, Ibloomberg.... Apple is everywhere these days.I agree.
the domain name seems kind of weird, or fake, ...ibloomberg.net
...an "i" in front of a well known name, and who uses a .Net domain name -- it probably is a fake website clone version of Bloomberg.com
(if it is a fake site, marketsurfer should be banned for promoting that sh*t)
Elite Day Trader Paul Phillips Bruised By Market
- Thread starter marketsurfer
- Start date
No I do not share this belief. There are many different styles of day trading and many different ways of interpreting a chart. All traders need to know how to adapt as a required skill anyway.
When you have bots reacting to things based on expectation they either further support the self fulfilling move or they take a contrarian view. It's entirely possible for them to actually be gamed.
Not worried about robots taking over the world and displacing the human mind.
Just about every single one of your posts is anti day trading and potentially even anti trading so why are you on ET?
So you made money as a daytrader, and then quit daytrading to blow up a fund as "non daytrader".
So your real life experience is just the opposite of what you are posting all the time by attacking daytraders.
You have a remarkable logic and a strange "consistent" opinion. LOL.
We all trade different instruments/things, and have diff. timeframes, risk levels, and view points....etc etc -- Oh well, we Agree to Disagree -- just like everything else in life.
There's more that meets the eye than just the literal words on forums.
That's why I asked Baron/ET site owner in a diff thread topic...if it was possible somehow...to link/verify your trading account/performance with your ET acct.
...So you know...more or less...who is walking the walk, and just talking the talk.
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You dooms day guys on day trading are a riot. First I heard post 2009 when the volatility dropped that day trading was doomed. Get out of day trading....it's over. Now volatility is going through the roof and you guys say day trading is soon over......again. Newsflash my friend. Volatility is the day traders best friend. It isn't going anywhere. If anything more and more of these HFT guys are leaving the market as their profits are shrinking and IT costs going up. They are becoming sharks feeding on each other.
And yes there are a lot more computers trading today, but there was plenty of volatility well before the HFT guys came around. Very similar volatility. Were you trading in the late 90's ? If not go back and look. There were some CRAZY moves back then. Trading is trading. People who whine about HFT's or say that trading is impossible now because of computers are just searching for excuses. They use the letters H-F-T as a crutch.
I have been day trading unsuccessfully fulltime for 4 years. In the previous post you admitted CL futures were entirely traded by pit traders in 2000, now it's entirely electronic and HFT-dominated. You talk about day traders making 30, 50 points off CL now, I doubt anyone can do that consistently with positive expectancy. If the algorithms move price perhaps even to your place on the DOM but reverse due to too many orders at that price a winning trade will quickly (even in 1-2 minutes sometimes) sell-off to a break-even stop. You're saying this sort fast PA was happening in 2000 on other futures markets like GC and NQ? I've wanted to get access to 5min and < charts from 1998-2000 in the futures markets, I think no one wants to show them to damage their marketing agenda, to prevent the obvious from being clear, this is a whole new trading game and is now designed to exclude your average point-and-click retail traders.
Yes it is a bit different. But things change. Traders need to adapt or move on.
4 years is a long time. I'm sorry the day trading isn't working out for you man. Find out why it's not working and make adjustments. That or try longer term trading. But just because it doesn't work for you doesn't mean it doesn't work at all.
I have one buddy who trades CL only. He's been doing the day trading thing in Crude since the volume shifted out of the pit and onto the screen. He "scalps" for between 30-50 ticks, based on current volatility. He has been making money every year since he started, and very good money. So it can be done. He and I take a similar approach. Put your bid or offer out there, get filled, place your stop out there, place your profit targets. Then let the market do it's thing. I don't worry about what the algos are doing. I could care less. Sure sometimes I will miss a fill by a tick or two, but that happened from time to time when I traded futures in 2000. It's part of the game. Guys who think the algos are out to get them need to drop that excuse, or quit trading. YES things are moving a bit faster intra-day because of the computers these days, but so fast you can't day trade ? Absolutely not. Anyone who says so is just excuse hunting. Most likely their strategy is flawed a bit or their risk management/discipline is not good at all.
Your last part about finding data really implies you are reaching. Try CQG. They have data that goes back to the dinosaur age. From the look of your posts you are just a VERY frustrated day trader who like others on here have this "If I can't do it, nobody can" attitude. Come across as whining. Markets change.....either adapt or move on.
