My demise

[vincentnyc]

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 poker that is.

what have you been doing for the last 8 years since you stop trading from 2011? do you have a full time job?

 

[Giddiyup]

what have you been doing for the last 8 years since you stop trading from 2011? do you have a full time job?

I already replied to that question earlier.

 

[vincentnyc]

ah i get it now....don't think you were trading back from 1999 - 2009. more like gambling than trading since you consider yourself a piker.

 

[Giddiyup]

Ok my participation in this thread is over. I'll start some new threads about specific questions I have on other threads. TBH I'm not sure what I have to say is worth anything to an aspiring trader. Just brain storming.
I know this. Right now I'm trying to develop a temporary edge. By nature all such edges are temporary. Some last only a few days. Even a single day for a day trader. Hold them dear. The more people who know, the quicker that edge will dissipate.

 

[ironchef]

Really why is that?

In the raging bull market from 2009 to 2017, all monkeys (me) had to do was betting with the market, especially if we traded options.

Imagine if you kept going. As @murray t turtle love to say, not a prediction.

 

[JSOP]

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

The answer is no. Time & Sales is not reliable information for analysis for profitable trading anyway, hft or not. And honestly HFT manipulation should be the least of your worries. All they did was making scalping unprofitable but nothing else. If you have a profitable strategy, it should still work, even intra-day trading as long as you stay away from scalping. So if you were concerned about the string of losses, it is something else or it might be just your profit/loss ratio of your strategy in that you just hit a string of losses that make up the loss ratio. So my advice to you: Stop researching about ways to combat HFT instead focus on examining your strategy itself more closely and try to increase its profitability.

 

[wwatson1]

This scenario would never play out and here is why.

You can't generate 275k in the first place if you respected your risk limits, and then a 25k loss is 5 times your risk limits or drawdowns? Makes no sense. Either he got lucky on the first 275k but in that process vastly exceeded his risk limits via over trading size or other means or he set his drawdown way too low for a strategy that swings this much...

My thoughts exactly