Has Day Trading Changed?

[mignonette]

Wow, I didn't know penny stocks weren't real. Yet, at least you admit there is a profitable at home day trader of "stocks" but you now imply its not stocks trading in the "real market".

surf, whatever.

You changed since the baby was born. Maybe your psychological problems are due to lack of sleep ? If so, no big deal and don't worry about it. Its a normal thing to experience in the wonderful world of fatherhood but its something you should talk to your spouse about...changes in your mental health.



Go to google and type "Nanex". Next, go to their website and contact them about how you can access their data about liquidity. Next, go back to google and type "Stocks & Commodities Magazine". Next, go to their website and contact them about how to gain access to all their past monthly magazines since the beginning or ask them how you can gain access to the data source of their liquidity data of the world's most liquid markets.

Maybe stick to the issues rather than attempting to discredit? --- NOW, apologize for the personal attacks, attempts to discredit personally, and your previous ridiculous claims about someone's personal life, I forgive easily and want to get back to the topic at hand.

NOW back to the topic--

Penny stocks are a manipulated market. Their are promoters etc as u know. Its not related at all to the real markets

But, back to your false claims.


No, you need to post the direct link to the research you cite-- your defense above is comical -- just admit you are making things up OR just misunderstood what you read.

Why are you personally attacking rather than producing? You can't produce evidence for your claims, so you rant, rave, and attack , trying to discredit --- ultra classic text book fear response since you have been exposed.

Your posts are articulate yet completely lacking in substance. Typical stealth vendor but I hear Baron will be allowing thise who can't afford sponsorship a lower tier soon


By the way, anonymous poster, our team has worked directly with Nanex -- so there is no need to "google" anything.

How weak---Just admit it doesn't exist and if it does u are reading it out of context.

See we can have a disagreement without resorting to personal attacks---

 

[Handle123]

Several of ET most popular members that posted brokerage statements and highly profitable...

They openly discussed how the decimalization was going to end their trading careers. Yet, I always wonder why they didn't just move to futures instead of calling it quits. They just seem like the type of traders that would just adapt and move on.

In my opinion, I saw a big shift in the forum itself because of such and then that was followed by another big shift in the forum after the 2008 - 2009 financial collapse.

What I had often saw those making money during 2008/2009 on spread trading stocks found a nuance and made millions, but when volume dried up, lost most of it as they never learned to read charts and had to get real jobs. I also think that when you reach a certain plateau, you just not involved in trading any more, so your interests go elsewhere, so coming here, no purpose. Only reason I show up cause I can't leave the area yet, but once doctors release me, am gone and have no time to come here.

There are much better things to do in life than day trading, make a ton of money and then see if you get your body away from the screen and can spend some of it.

 

[d08]

That's not true. Its the brokers internal risk control, not your margin amount that cause risk to the broker. How does losing $500 plus fees on a $1000 account trading one emini cause anymore risk to the broker than 2800$ margins and the trader losing 2800$?

You don't even understand that you can lose more than your account. What else is there to talk about.

 

[Ferdinand]

My personal take is that HFT has taken a lot of the traditional daytrading potential. I try to trade for the "real" move. I want to be in something when it is moving with some intensity. So the huge majority of the time, HFT is to be avoided, not beat.

So there is less opportunity for we humans; we are trying to get what is left.

I'm sure we've heard the sayings about the day to make your week, week to make your month, month to make your year. If you are lucky enough to trade full time, you don't have to be that right that often to be successful. It's waiting and being right at the right time that is hard.

The best opportunities are often the hardest. Even when I'm in a solid, decently sized position I feel like the most agonizing moment is when it's ALMOST done what I expect for what seems like ages but just hasn't (yet).

When I started trading I was bored by the psychological aspect of it. Yeah yeah how to size down when going through a rough period how to stop giving back those massive gains, whatever, HOW DO I ACTUALLY TRADE?!?!?!

The longer I do it the more I respect the psychology.

In the previous example where it's hard to hold a slight winner before it becomes an expected bigger winner it's easy to say "tune out the noise, just hold." Well you have to be fair and realistic. If part of the reason I entered was the level 2, bid, offer, prints, then is it fair to entirely tune that out while holding?

You have to really think as many aspects as possible through before entering.

Your choices are so finite: buy, sell, nothing.

But you can factor the entire external world and all of your internal psychology into it.

It's easier said than done but I try to remind myself that if you're able to be thinking about trading at all, you're probably pretty lucky in the grand scheme of things.

So, I think it has gotten and is getting harder, but it can be done, and I like it a lot.

Good luck!

 

[mignonette]

You don't even understand that you can lose more than your account. What else is there to talk about.

In those xtreme situations, 2500 or 500 isnt going to make a difference.

 

[mignonette]

Back to the thread topic-- just take at look at how the sponsors have changed over time. That tells u all u need to know about the death of daytrading. Legit firms like bright etc have been replaced by folks advertising " no risk" , weird money trader funding schemes, and off shore shaky offerings.

Seriously, wake up traders!!

 

[d08]

In those xtreme situations, 2500 or 500 isnt going to make a difference.

Doesn't make a difference? the broker will go after your funds and even if you don't pay up, you destroy your credit rating, can never open an account with that broker and you'll probably end up in some blacklist.
The word "piker" hasn't been used for a while but you're it.

 

[mignonette]

Doesn't make a difference? the broker will go after your funds and even if you don't pay up, you destroy your credit rating, can never open an account with that broker and you'll probably end up in some blacklist.
The word "piker" hasn't been used for a while but you're it.

Huh?? We are talking about $500 day trading margin here and why they make sense from a trader perspective. . Do you work for a broker?

 

[lawrence-lugar]

it seems it's getting harder to make it as day trader these days. I think day trading is done, but not dead yet. What do you think? probably, HFT has contributed a lot to the demise of day trading.

There's...Always money. To be made. In the markets.

Sure, this isn't the 90's anymore...when Everyone was getting Rich in the stock market left and right...all you had to do back then was buy any major tech name...and watch it rise 500% in a year... ...any baboon can do that.

You have to be more...crafty...in today's trading environment to make some money.
i hate people, or traders, who blame HFT firms....you're not a trader, if you find yourself being 'defeated' by them. ...they present a relatively minor threat in the greater picture of things. -- something to think about

 

[wrbtrader]

Maybe stick to the issues rather than attempting to discredit? --- NOW, apologize for the personal attacks, attempts to discredit personally, and your previous ridiculous claims about someone's personal life, I forgive easily and want to get back to the topic at hand.

NOW back to the topic--

Penny stocks are a manipulated market. Their are promoters etc as u know. Its not related at all to the real markets

But, back to your false claims.


No, you need to post the direct link to the research you cite-- your defense above is comical -- just admit you are making things up OR just misunderstood what you read.

Why are you personally attacking rather than producing? You can't produce evidence for your claims, so you rant, rave, and attack , trying to discredit --- ultra classic text book fear response since you have been exposed.

Your posts are articulate yet completely lacking in substance. Typical stealth vendor but I hear Baron will be allowing thise who can't afford sponsorship a lower tier soon


By the way, anonymous poster, our team has worked directly with Nanex -- so there is no need to "google" anything.

How weak---Just admit it doesn't exist and if it does u are reading it out of context.

See we can have a disagreement without resorting to personal attacks---

We all know you're too lazy to click on Google to get Nanex website and then too lazy to contact Nanex about their liquidity data. In addition, you once stated at this forum you had access to ALL the known financial/trading magazines in another debate.

Therefore, get off your lazy butt and open each all your Stocks & Commondities magazines (its a monthly issue) since the beginning and then chart the liquidity chart of the S&P 500 Emini ES magazine or ask them where did they get their data from. Next, make a monthly chart of average swing point distance and then overlay the data with the liquidity chart.

Note: If you've lost your magazines, you can purchase this history of SC...more info at their website for such.

You can also visited some of the research works of Yu-shan Wang. He's done in-depth liquidity and volatility research on all the Emini futures on the CME. Once again, you need to get off your lazy butt and do your research, go to Google and then contact him to verify how liquidity has changed "in comparison" to the time period of the late 1990's.

It really is fascinating data...worth your time to do your own research. Its all there for you to read, scratch your head, think about and even get mad that someone out there actually did research on such type of data.

Oh yeah, as I stated in a prior message. I also compared what SC had and what Nanex had with "my own data". Yeah, my data correlates closely to the above resources.

Here's your next homework assignment. Do research into why January is typically a high volatility trading month. Its interesting considering there's another thread here at ET where someone states a trader can not predict volatility and yet its a month loved by algorithms. What do those darn algorithms know that we don't know anything about.

Oh yeah, you said "your team" works with Nanex. It should be very easy research for you to know about why January is what it is. Now just imagine what a trader can do with that type of information.

Sorry, I can not apologize to anyone that's lazy to click on Google. You'll just need to assume that the info at Nanex, SC magazine and Wang does not exist and that its all a fabrication on my part.

Nothing taken out of context...my own personal data correlates with the research of others.

Reminder, your old alias specifically stated this forum is for entertainment purposes only while in another thread stating you're here to network with others in the hedge fund business...how's that working for you know that your other known user name has been banned and is mocked with every new alias you create for anyone in the fund business to easily read ?

You're going to need to drop your annual basic membership fees down to $5 and your annual premium membership fees down to $10 with all that bad publicity you keep creating for yourself. In a few years...you'll be in pennystock price territory. I'll let your team work on your new pricing structure.

P.S. Your real name is not used above nor is your old user name. Yeah, I know how to play this game well. Reminder, you started the crap a very long time ago via your personal attacks (yeah, I have the saved message posts) and your mental issues prevents you from stop forming all these multiple alias that's a violation of Elitetrader.com Terms of Use policy. You need some serious intervention or need to spend more time with your family.