How do I compete "They"?

Try taking a longer-term approach. If you are a micro-scalper, step back to trading 3-min or 5-min bars. If you are a 5-min chart trader, step back to a 10- or 15 min chart. Or even consider swing trading. "They" will seem to hurt you less the further back you step, IMHO.

Best,
PEG LEG JOE
 
Quote from JT47319:

There are two types of "They."

The locals--the floor traders and electronic pit traders-- and the Smart Money. You will never be able to compete with the Smart Money so you have to start thinking like a local.
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Well put. Trading is not about being SMART, but knowing who is SMART and what they are doing.
 
Quote from NoMoreOptions:

This is about Trading!
They see the order flows. I see nothing but think I do while guessing on TS/L2/charts.

They shift their order like crazy without cost. I was forbidden or penalized to cancel my orders.

They unify their sources and actions. I am alone and even blinded by their media partners.

They arbitrage with no time and little cost. I have to wait or have high splipperage.

They sit there got their order filled. My orders never get executed unless the market is moving against me.

Conclusion: You will not be able to complete "they". Do not even try to join "they" as you won't be able to. Otherwise only your dirty broker will be happy.
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We have been preaching a similar thing for years (since we were "they" on the options floor). " We" would not want to compete against "They" when the "they" use to be "us."

Don :cool:
 
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