My demise

[Giddiyup]

Were you a day trader or swing trader?

I like your attitude and from what I've read I think you are better suited than most to make it happen.

I was a day trader for the most part. Never wanted to take overnight risk.
I traded the trend mainly. Almost Never trying to pick tops and bottoms. Ive seen an unimaginable number of traders blow up counter trending back tuen. But then most traders blew up after a few weeks atbthe start.
I traded earnings, options expiration days (like triplevwitching) news events. Anything that induced volatility.

 

[wrbtrader]

Ok I have a serious question. Let's turn this thread back in the correct direction .
Is there such thing as consolidated time and sales? Slow and consolidated enough for a trader to read.
Also have traders figured out methods to fight hft manipulation?
I hear some exchanges protect yournorder flow (like iex) but liquidity is a problem.
Thanks

Best to start a different thread on those topics so that there's no follow-up by others on what's already discussed in this thread about your "demise" especially when this thread did not start via talking about HFT, algorithm trading, tape reading, DOM trading and such.

wrbtrader

 

[Giddiyup]

I was a day trader for the most part. Never wanted to take overnight risk.
I traded the trend mainly. Almost Never trying to pick tops and bottoms. Ive seen an unimaginable number of traders blow up counter trending back tuen. But then most traders blew up after a few weeks atbthe start.
I traded earnings, options expiration days (like triplevwitching) news events. Anything that induced volatility.

Best to start a different thread on those topics so that there's no follow-up by others on what's already discussed in this thread about your "demise" especially when this thread did not start via talking about HFT, algorithm trading, tape reading, DOM trading and such.

wrbtrader

I guess the titlebis abbit morbid. I wanted it to be more "land mine here. Don't step" type sentiment.

 

[murray t turtle]

I was a day trader for the most part. Never wanted to take overnight risk.
I traded the trend mainly. Almost Never trying to pick tops and bottoms. Ive seen an unimaginable number of traders blow up counter trending back tuen. But then most traders blew up after a few weeks at the start.
I traded earnings, options expiration days (like triplevwitching) news events. Anything that induced volatility.

%%
I figured you were;
+also congrats on little debt/no debt on home..........,

 

[Maverick1]

I was a day trader for the most part. Never wanted to take overnight risk.
I traded the trend mainly. Almost Never trying to pick tops and bottoms. Ive seen an unimaginable number of traders blow up counter trending back tuen. But then most traders blew up after a few weeks atbthe start.
I traded earnings, options expiration days (like triplevwitching) news events. Anything that induced volatility.

Yup, make sense. Your comeback is likely not too far from the above. Quant will not get you anywhere, it's a mirage, so you can forget that, in my view (I'm a programmer). Steve Cohen hired the best quants last year and they did nothing for him. Imagine that, you got the best guys on the entire planet and they can't put up anything.

You've got the basic key ingredients. Stick with trend, cut losses very quick, try to ride the wins sometimes. I doubt reading tape will add anything given the speed of things, but I haven't looked closely so could be majorly wrong. I think your biggest edge might actually come from careful stock selection.

 

[Giddiyup]

Yup, make sense. Your comeback is likely not too far from the above. Quant will not get you anywhere, it's a mirage, so you can forget that, in my view (I'm a programmer). Steve Cohen hired the best quants last year and they did nothing for him. Imagine that, you got the best guys on the entire planet and they can't put up anything.

You've got the basic key ingredients. Stick with trend, cut losses very quick, try to ride the wins sometimes. I doubt reading tape will add anything given the speed of things, but I haven't looked closely so could be majorly wrong. I think your biggest edge might actually come from careful stock selection.

Time and sales won't help a human as it stands but if I could get it to consolidate every second i think I could use it. So just give me information every second. Or just eliminate all the small order trades entirely .

 

[Maverick1]

Time and sales won't help a human as it stands but if I could get it to consolidate every second i think I could use it. So just give me information every second. Or just eliminate all the small order trades entirely .

I don't trade stocks, but surely there's a feature out there on some platforms that can isolate out the small orders. Some of the more experienced ET stock traders should know...

 

[vincentnyc]

I quit trading 8 years ago. I think after 8 years I finally pinpointed the reason I did not succeed.
I lost approximately 25k in 2010 and quit sometime in the beginning of 2011.
I had no 1 major blow. It was a long series of losses. My downfall? I rnow firmly believe it was the relatively huge success I had in 2009 where I made around 275k.
I consider myself a piker who traded and made a little money every year from 1999 when I began to 2009. Most of those years in a range of 50k to 125k.
I made a conscious decision to push myself in 2008 and 2009 and it worked because the market was there. I was emotionally drunk after the success of that last good year and never recovered as I bled away in my final year.
At the time I blamed my demise on hft. The real issue was that i did not adapt to the market.
I think my self imposed banishment has been long enough. I will spend the next 6 months studying the markets and determine if infact I can make it. This will be the first time I will have taken the market in a serious methodical manner.
Comments welcome.

let me summarize...u have been trading profitably for 10 years from 1999-2009. then you quit sometimes in 2011 which is about 8 years and now want to return back to trading? we have the longest bull market run for the last 10 years and u have not traded since 2011? i don't believe a single words that is coming out of your mouth.

 

[Giddiyup]

let me summarize...u have been trading profitably for 10 years from 1999-2009. then you quit sometimes in 2011 which is about 8 years and now want to return back to trading? we have the longest bull market run for the last 10 years and u have not traded since 2011? i don't believe a single words that is coming out mouth.

 

[Giddiyup]

I "had" been. Not have.
And don't be so surprised. This bull market has been less participated by pikers than any before it. Anyone has the option in any market to stop participating at any time they choose. That's what I CHOSE to do. As a piker that is.