Odds are 95%+ that your statement is bona fide. You know what kind of guy looks at that and is 'positive' you're lying when you're actually telling the truth? The kind of guy who goes around bullshitting people all the time and naturally assumes everyone else thinks just like he does.
HFT vs Small Traders
- Thread starter emg
- Start date
Odds are 95%+ that your statement is bona fide. You know what kind of guy looks at that and is 'positive' you're lying when you're actually telling the truth? The kind of guy who goes around bullshitting people all the time and naturally assumes everyone else thinks just like he does.
To all you whining pussies: learn to code, learn HFT, and get on with life! You sound like horsemen the day the automobile was introduced! With that loser attitude you won't succeed with anything in life!!!
wow!
aren't you just asked,if anyone here is profitable? what about you,bro?
what's the point to ask,if you are making killing?
i never asked anyone about it. i don't need to know,my tax return is enough for me
http://www.elitetrader.com/vb/showthread.php?s=&threadid=265633
try to spend sometime on studying market micro structure. stocks specifically(where HFT is most rampant)
you can code your ass off,but with current rules in place you will be always last in line no matter what,if you are retail.
Quote from Bob111:
wow!
aren't you just asked,if anyone here is profitable? what about you,bro?
what's the point to ask,if you are making killing?
i never asked anyone about it. i don't need to know,my tax return is enough for me
http://www.elitetrader.com/vb/showthread.php?s=&threadid=265633
try to spend sometime on studying market micro structure. stocks specifically(where HFT is most rampant)
you can code your ass off,but with current rules in place you will be always last in line no matter what,if you are retail.
I already did, check my thread called "Feedback on performance please"
Well said. I heard a lot of complaints on the prop floor about HFT mostly from guys losing money...but you can always find a guy making circles on a chart with the latest edition of IBD with coffee cups laying around who just likes the atmosphere still grinding dollars...
HFT is just another market participant...
I wrote an algo. that produced 100k per day (in a different business)...managing it and tweaking the code with several other people...there are people behind the black boxes...and the logic isn't always perfect....and if something goes slightly awry it can get ugly quick....in the algo. I wrote...I crashed a 1 billion dollar companies whole server system....the cfo flew out to meet me the next day on emergency flight with a small team....the algo. had a little boo boo....they kept trying to get after what we were doing...if he only knew we crashed it with only 15 dual core p4s running scripts...the cfo thought we were running Nasa....and their business dev team was too stupid to hire us to show them all their flaws in their code....
It is my opinion with tools available to any retail trader that they have adequate equipment to make a living at home.
Certainly HFT when operating full stream can be a powerful beast...but they are far from error free...and we all know the story of the HFT that makes Xxx per day with Xxx winning percentage....but I bet there are a lot of abandoned black boxes as well we don't hear about...the one with everything calculated so precisely and when some dumb error occurred it was game over....
HFT are toys of the big boys...they have the ability to be most efficient and do what no person can do manually...they are fun to watch and to code and play with..,but this should not deter someone with resolve to game them back as a market participant....which may include not participating in their games....or simply learning what they are doing....and their tricks as a market participant....they.are there but I don't believe them to be the death knoll for those with less sophisticated methods...
It has nothing with the ability to code, but with infrastructure costs. HFTs also enjoy things which should be illegal, such as flash trading, hidden orders and so on. During old specialist days, there were rules against front running (how often they were broken is another story).
No one is talking about going back, but the rules should be more or less the same for all. Futures markets are a good example where HFTs are a lot less intrusive, and apart from commissions (even collocation can be achieved for a decent $ these days), the playing field is pretty much leveled.
I agree, there are things that shouldn't be allowed, such as flash trading etc., but my main point is that if you have a loser mentality a level playing field won't help anyway...
to the person who initiated this thread.
it is not the amount of money or capital you work with that matters. it is what your skill is.
larger amounts of capital hide poor performance.
computers are no more than a complex calculator, in fact a computer is a moron, it lacks the ability to perceive.
personal accountability, humility, compassion, courage, integrity and respect are the ingredients for successful intuition.
hard work beats talent, when talent does not work hard.
trading just like most anything requires one to know oneself and manage the conflict of desire and will while effectively executing strategies and tactics.
results come from exploiting opportunity rather than overcoming problems- Peter Drucker
all things are possible with faith and hope
it is not the amount of money or capital you work with that matters. it is what your skill is.
larger amounts of capital hide poor performance.
computers are no more than a complex calculator, in fact a computer is a moron, it lacks the ability to perceive.
personal accountability, humility, compassion, courage, integrity and respect are the ingredients for successful intuition.
hard work beats talent, when talent does not work hard.
trading just like most anything requires one to know oneself and manage the conflict of desire and will while effectively executing strategies and tactics.
results come from exploiting opportunity rather than overcoming problems- Peter Drucker
all things are possible with faith and hope