More bad news for those playing the home game

Quote from guy990opl:

I am an option seller not a daytrader. The shorter time frame you trade is going to take, the harder it is to make money. Usually when daytraders try to reach for the money, they get their fingers chopped by floor traders.
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What I was going to say is, if you can't tell me what your best setup is you should not be trading with real money.

Every professional trader knows what his best setup is. IMO it's not one you can buy, but one you develop over endless years of screen time.

If you watch the markets long enough you will have success.
 
Quote from guy990opl:

I am an option seller not a daytrader. The shorter time frame you trade is going to take, the harder it is to make money. Usually when daytraders try to reach for the money, they get their fingers chopped by floor traders.
More...


floor traders..mahahah
 
Floor traders? Please,if someone can execute in milleseconds what does a floor trader have to do with anything? Just shows you are clueless besides not having an edge or a setup. go back to mommy.
 
There is a modern new game in town dragged in from the depths of hell by the BIG DOGS, WOLF, WOLF!!!!!!

Wusses need not show up at the big dance and expect to give this hottie a whirl around the floor for a fling because excitement is this games middle name.

When you walk up to this games table and ask for a dance do not be surprised when you yourself are asked if you are REALLY SURE you know what you are in for. WOLF, WOLF!!!!!

In life there are times when one must ask themself if they really understand the difference between being a "fuckee or a fuckor". Until a person can answer that question with complete knowledge and understanding they are just fodder and dog food for the mutts that run around chewing up all the lessor non pack dogs. Keep the family pet home when the sky gets dark outside.

Stocks are pets. :eek: You know who the big dogs are.

The picture is of a future trader telling the gurus what he thinks at such a young age. haha http://www.dailymarkets.com/stocks/...y-to-investigate-this-suspected-manipulation/

http://www.youtube.com/watch?v=He82NBjJqf8
 
Quote from guy990opl:

I am an option seller not a daytrader. The shorter time frame you trade is going to take, the harder it is to make money. Usually when daytraders try to reach for the money, they get their fingers chopped by floor traders.
More...

Floor traders no. But you did find the right thread. Replace floor trader with box and it sounds more plausible
 
I truly don’t know what the F this really means. If ARCA excecutes at 5ms then that’s a good thing. Nevertheless, what I do know is that this market is F’ing Schizo and I’m loving it. Bring it on Byotch.
 
Quote from stock777:

By the time you have seen or your 'blak' box has registered an easy opportunity, it will have been long gone, flipped, and relegated to ancient history.



NYSE... has reduced the time it takes to execute an order to five milliseconds from 105 milliseconds, with the implementation of the new NYSE Super Display Book system (SDBK) for processing orders. As a result, NYSE customers are experiencing trade executions and reports within five milliseconds, as well as order and cancellation acknowledgments in just two milliseconds.

NYSE SDBK replaces the well-known SuperDOT order delivery and processing system – which for 33 years was synonymous with electronic trading – as well the Post Support System, which routed orders to the trading floor. NYSE SDBK is a server-based system based on NYSE Arca’s industry-leading trading engine, providing much greater throughput, flexibility and scalability as well as lower operating costs compared with the mainframe platform that supported SuperDOT.

“We have improved system latency to the single digits today from 350 milliseconds in 2007,” said Louis G. Pastina, executive vice president, NYSE Operations. “NYSE customers can now access our market with greater speed and assurance, and their orders will be delivered and executed more efficiently than ever. For the first time on NYSE, customers can employ the benefits of competitive speed and automation in addition to our longstanding value of high-touch price discovery on the only U.S. exchange cash equities trading floor.”
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You WANT to wait 350ms for a fill? Are you out of your mind? I want to know what happened to my order right away.
 
Quote from EMRGLOBAL:

"THEY" want to squezzzzzz out the "Retail" traders. GOV does not want the volitility........ they want an orderly market and will get one at all cost.

The daytrading game ended years ago. Very few actually make money. Of course...ETers make millions daytrading so they are exempt.

Nevertheless.....The daytrading game is old and many great traders have moved on to longer and complicated positions as a whole.

This is nothing new....the order system being rolled out is old news. In fact there is the 4th market and its' new order system that auto routes far away from small orders that pick at a 100 lot.

Game over.....but most will hang on....
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Again, spoken like a true failed trader. You flopped at your trading firm so you dont think anyone else can suceed. Newsflash......daytraders are still doing great. Sure the summer is slower...always is....but ask daytraders last fall what is was like. Ask guys what Jan to April was like. HUGE money was made.

You can claim that volatility is gone....others did last year this time and you saw what happened. Will the vix get up to 90's again, probably not. But the volatility isnt goin anywhere. Real traders unlike yourself know how to deal with non volatile periods.

I am sure after you fail at being an oil salesman that you will say that industry is done as well. If trading is so dead then why do you post on a trading site? To try and make yourself feel better because you failed.
 
Quote from stock777:

By the time you have seen or your 'blak' box has registered an easy opportunity, it will have been long gone, flipped, and relegated to ancient history.



NYSE... has reduced the time it takes to execute an order to five milliseconds from 105 milliseconds, with the implementation of the new NYSE Super Display Book system (SDBK) for processing orders. As a result, NYSE customers are experiencing trade executions and reports within five milliseconds, as well as order and cancellation acknowledgments in just two milliseconds.

NYSE SDBK replaces the well-known SuperDOT order delivery and processing system � which for 33 years was synonymous with electronic trading � as well the Post Support System, which routed orders to the trading floor. NYSE SDBK is a server-based system based on NYSE Arca�s industry-leading trading engine, providing much greater throughput, flexibility and scalability as well as lower operating costs compared with the mainframe platform that supported SuperDOT.

�We have improved system latency to the single digits today from 350 milliseconds in 2007,� said Louis G. Pastina, executive vice president, NYSE Operations. �NYSE customers can now access our market with greater speed and assurance, and their orders will be delivered and executed more efficiently than ever. For the first time on NYSE, customers can employ the benefits of competitive speed and automation in addition to our longstanding value of high-touch price discovery on the only U.S. exchange cash equities trading floor.�
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I got a fill report tonight 2 1/2 hours after the actual trade. How many milliseconds is that?

The NYSE can't go a full month without some kind of system issues. How the hell are they going to manage trying to make it faster?
 
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