Impact of HFT Trading

S

Satan's Helper

I see many people are complaining that HFT is making it too difficult to trade. Here is the truth...

STOP MAKING EXCUSES TO JUSTIFY YOUR LOSSES!

I have been in the markets for a long time and there is always some BS excuse to why nobody can make money. If they ban high frequency trading then most traders will just find another excuse to justify their losses.

The techniques that worked in the 90's still work today. On a average day of scalping I do over 300 trades and net about 1 point per hour. Perhaps I am getting old but I am sick of everyone whining!!!!

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Sadly, it seems like most people would rather do anything than actually admit their failures are their own fault. In just about every walk of life I see people put forth ten times the effort towards trying to change their environment, even when it is beyond their control, than actually trying to change themselves.

Props for fighting the good fight though and trying to get people to realize that. Seems a bit hopeless sometimes. I don't know where a few of the successful veterans on this site get the energy to constantly refute the nonsensical beliefs held by the majority so consistently.
 
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