I will share with you my edge in stock index futures. It always goes unmentioned in a thread such as this but it is no secret and anyone who scalped on Level II during the go-go days will know what I mean. The edge is the ability to take liquidity ahead of others, usually much larger players. It is a form of front running, which another poster mistakenly believes consists of only the illegal kind. This edge is available to anyone but to exploit it requires externals, which can be readily obtained, and internals - knowledge, skill and experience - that must be built up to a level of sufficiency.
How long did it take you to find your edge?
- Thread starter MaritimeCanuck
- Start date
No, I believe that while this might have once been an edge, it does not work anymore which is why you share it. The reason it does not work is that the large players have paid for servers to be placed next to the exchange to decrease lag and have paid for order data in that they already can see what the order is going to be in less than 1 second and have the ability buy and sell at less than a penny to take the order away from a human trader. I do think this is somewhat illegal since by knowing what the order is before its traded and having the ability to offer less than a penny, they game the system.
I would recommend that no one try to scalp anymore since it does not work with real money only in sim. Try for time frames a little bit higher and have trades that last more than 5 min once in a trade.
I would recommend that no one try to scalp anymore since it does not work with real money only in sim. Try for time frames a little bit higher and have trades that last more than 5 min once in a trade.
What you are describing is a type of participant that I do not compete with.
The reason you think the way you do is that you mistakenly believe I am telling you that the edge is to scalp. Learn to read a bit more closely. I write quickly and do not edit but I have a lot of experience writing quickly and carefully. Besides, there is nothing wrong with scalp trades on index futures which can last more than 5 minutes. Since I always trade real money, I have no idea why you can't scalp outside of "sim."
In any case, refrain from restating my posts in your mistaken views. Ask questions if you need to. If you ever get a chance to look into how the sausage is made, it would shine a lot of light on who the players are that really matter. Examinations of market crises by regulators are good opportunities for getting a peek.
This is good advice. I have learned quite a bit this way.
You write fast and many words that do not prove anything.
1) Scalping does not work. If you say that it does, show proof. You can't. If you are profitable, yes I know it is not from scalping because I just shown why it does not work anymore.
2) Level 2 is worthless and not needed to make money.
3) I will quote you, "I will show you an edge in stock market futures". Yet you did not and I doubt you could.
4) I trade real money also, I was profitable today. What I was saying about sim, is that only in sim does it show that scalping is profitable, in real money it's not.
1) Scalping does not work. If you say that it does, show proof. You can't. If you are profitable, yes I know it is not from scalping because I just shown why it does not work anymore.
2) Level 2 is worthless and not needed to make money.
3) I will quote you, "I will show you an edge in stock market futures". Yet you did not and I doubt you could.
4) I trade real money also, I was profitable today. What I was saying about sim, is that only in sim does it show that scalping is profitable, in real money it's not.
I will now show you all a free edge for those that are willingly to put in the time and effort. Go through ET, and read the 300 or more pages by JH. This is not how I trade, but some traders have taken some knowledge from this information and incorporated it into a profitable system. Also, more than 2 times JH has provided me with profitable predictions before they occurred. Now I am sure the haters who don't want any of you to succeed will now come to this thread and bash. But think to yourself, do trolls bash worthless information?
Knowing the market and the rules is something not many even care to look at. People should spend some more time on exchange websites to get to "know their market intimately" and all the rules of the market/structure.
guys in equity land might not get it because of all the subpenny crap going on and confusing it for something else?
"There are three ways to make money
Cheat,
Be Smarter,
Be First.
I don't cheat, and it wasn't brains that got me here"
What do you mean by "externals" .....other markets?
Guy I know who makes Fed funds futures is pissed because all GTC orders he had in have to be pulled because they are changing server location or something from Aurora. messing up the FIFO his "edge" of providing liquidity first .
Hi There,
Took me about 4 years to get comfortable with markets. I used company called Market Geeks for tutorials and it helped a lot to refine my trading.
It's a long road, but its worth it.
Took me about 4 years to get comfortable with markets. I used company called Market Geeks for tutorials and it helped a lot to refine my trading.
It's a long road, but its worth it.
Is English not your first language? You keep insisting on your erroneous reading of my post. If you think the edge I shared (not "showed") is to scalp on Level II, I have no more words for you. However, I get the feeling you are going farther into the deep purposely for your own petty reason. Maybe you hold a grudge from a past tussle that I can't remember? You being a moderator, I do understand now why some of my posts have been deleted recently. Do us both a favor and ignore my posts and I will ignore yours. Our exchanges are neither enlightening nor entertaining.
Here's a method for discovering your own edge:
You're a detective and your job is to examine a price chart and note the price at which a directional move stops, turns in the other direction and makes another significant directional move.
List as many reasons as you can find for each price turn.
Soon you'll begin to find that the reasons for price turns generally fall into a few basic categories.
From those categories, you create a framework for trading.
Some common reasons for price turns:
> Trend line touch or slight overshoot.
> Parallel channel line touch or slight overshoot.
> Previous S becomes new R or previous R becomes new S.
You're a detective and your job is to examine a price chart and note the price at which a directional move stops, turns in the other direction and makes another significant directional move.
List as many reasons as you can find for each price turn.
Soon you'll begin to find that the reasons for price turns generally fall into a few basic categories.
From those categories, you create a framework for trading.
Some common reasons for price turns:
> Trend line touch or slight overshoot.
> Parallel channel line touch or slight overshoot.
> Previous S becomes new R or previous R becomes new S.