No Fantasy - ES Scalping Reality
- Thread starter jeb9999
- Start date
Can you get your font a little bigger? You must be half blind or can't even afford glasses. Which one is it? And stop kissing Don's butt, would you? And by the way, who are you again?
I see your point of view. I made a mistake in stating "High frequency trading is thousands of trades per hour. It should have been "High frequency trading systems are capable of thousands of trades per hour." My fault for being too focused on bottom up and not top down. The maximum frequency at which trading takes place and the sustained rate of trading are two different things.
A high frequency automated trading system is capable of executing multiple trades in under 100 milliseconds, but may only find profitable opportunities a few times per hour. Thus 5 to 10 trades can take place in a second or a few seconds, but only 50 to 100 over the course of an hour. So if you have such a high frequency automated trading system doing 20 lots you end up with a volume ranging from 20 x 50 x 6.5 hours to 20 x 100 x 6.5 hours or a range of 6,500 to 13,000 lots a day.
No, not really.
I made a mistake in stating "High frequency trading is thousands of trades per hour. It should have been "High frequency trading systems are capable of thousands of trades per hour." My fault for being too focused on bottom up and not top down. The maximum frequency at which trading takes place and the sustained rate of trading are two different things.
A high frequency automated trading system is capable of executing multiple trades in under 100 milliseconds, but may only find profitable opportunities a few times per hour. Thus 5 to 10 trades can take place in a second or a few seconds, but only 50 to 100 over the course of an hour. So if you have such a high frequency automated trading system doing 20 lots you end up with a volume ranging from 20 x 50 x 6.5 hours to 20 x 100 x 6.5 hours or a range of 6,500 to 13,000 lots a day.
Quote from FortuneTeller:
Your right, I didn't bother to read the link. But I have read his blog. If he had to pay retail commissions, he would probably trade differently like he used to before he became a IOM member. He did not make big money back then. Well, maybe he made some from his Inner Circle course, ect.
Yes, he probably would trade differently paying retail commissions. He does what works for him. If he can't maintain his focus he will not keep making big money. His style of trading does not work for me.
High frequency trading bots are exciting only when they don't work properly. Step up your trading and your brokerage will love you.
You appear to have missed my correction posts. So here it is again.
I made a mistake in stating "High frequency trading is thousands of trades per hour. It should have been "High frequency trading systems are capable of thousands of trades per hour." My fault for being too focused on bottom up and not top down. The maximum frequency at which trading takes place and the sustained rate of trading are two different things.
A high frequency automated trading system is capable of executing multiple trades in under 100 milliseconds, but may only find profitable opportunities a few times per hour. Thus 5 to 10 trades can take place in a second or a few seconds, but only 50 to 100 over the course of an hour. So if you have such a high frequency automated trading system doing 20 lots you end up with a volume ranging from 20 x 50 x 6.5 hours to 20 x 100 x 6.5 hours or a range of 6,500 to 13,000 lots a day.
Of course in all this nonsense, my point has been obfuscated.
I was saying that the more intraday trades you make , the more likely it is that each trade will have an average "small" net gain or loss.
Trading <10 times a day and you can theoretically make points per trade. 200 times, and you will most likely average much less as all the scratches and small losses eat into the average.
I was saying that the more intraday trades you make , the more likely it is that each trade will have an average "small" net gain or loss.
Trading <10 times a day and you can theoretically make points per trade. 200 times, and you will most likely average much less as all the scratches and small losses eat into the average.