High Frequency Trading: Can Any Stock Replace Citigroup?

Quote from swiftsails:

Nobody is hating but its its wrong to call anything that includes parity, HFT. A monkey could make money in C using floor brokers. Its also a joke that Affinity charges $5k for what is nothing more than pushing buttons to buy and sell.

Do not get me wrong, there can be some mojo involved to increase profitability but its hard to lose money doing that. All you are really doing is taking a 1penny spread by placing orders on both the bid/ask using a floor broker...hardly HFT and not difficult.
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I agree with you about it not being HFT... however everything else you said is complete bs

Maybe you should try banging keys if it's that easy... or better yet hire some monkeys to do it for you... idiot!
 
Quote from julian0625:

lol you know, I LOVE how people hate HFTraders yet all we are doing is capitalizing on market opportunity JUST LIKE EVERY TRADER IS AS WELL.

We've found a consistent, reliable method.

I used to hate High Frequency Trading until I became a High Frequency Trader.

Haters 'll hate.
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not to be mean, but you are NOT a HFT. if you insist on calling yourself one then you are not the kind that people hate.

real HFT are thieves, pure and simple. they literally steal money everyday through a two tiered system.
 
Quote from DEM BONES:

Wether or not they are real traders doesn't matter.I know of one that trades this style and he now owns a trading firm with about 150 traders.

At one point he was pulling in about 400k a month on this type of trading by himself.

Checks deposited in the bank count the same as a "real trader".
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he was making 400k a month with C style trading? how many shares was he trading a day?
 
Quote from PropTraderMTL:

I agree with you about it not being HFT... however everything else you said is complete bs

Maybe you should try banging keys if it's that easy... or better yet hire some monkeys to do it for you... idiot!
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I did while the risk/return was where I wanted it to be. It was/is profitable but as all good things, became saturated. As I said, there are times where it can take some finesse but its generally a low risk/high volume trade. Of course it helps to understand your routes and be efficient but there is not much to learn.

Thanks for calling me an idiot though, troll is a troll.
 
Quote from fullblotter:

he was making 400k a month with C style trading? how many shares was he trading a day?
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It was possible to hit that easily in the golden days. It was a game where you could essentially trade as much as you could afford. There was so much volume trading on NYSE that the only thing holding you back was the amount of money in your account. Place 10, 10k orders for Citi on 1 side of a single level was peanuts.
 
What firm are you referring to?

Quote from julian0625:



(Its funny that you mention a monkey can do it because thats exactly what the firm says as well.) Really what your paying for is the access to the routes, and the infrastructure.
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