Nowaday, Is there any discretionay trader who trade more than 10 lots

[Laissez Faire]

Did he do it manually?

I thought he was using hft algo that he created in his parent's house bedroom...

I would love to have a coffee with that man.

It's all explained in the book. I was equally impressed and disappointed when I learned his secret sauce as it was less elaborate/advanced than anticipated, but still very clever and ingenious.

While fast - what he did was certainly not HFT as we know it.

 

[QTrader20]

Since trading nowaday is done by Algo and automation, any trader still trade discretionary and think they can beat the Algo in a longrun and trade big size? one mistake could wipe away all your profit in daytrade. How can you compete with emotionless machine, world one day will be dominated by machine, so does day trading.

You people call yourself a trader while you can't understand the basic concept of trading that you don't want to trade against HFT machines or competing with them.....

You gotta trade along with them to make money...

That's what MOMENTUM TRADING is all about.

 

[tradeking007yahoo]

I will tell you this for sure. the type of order you use make an enormous diffrence to the hft

You should think of the hft as a strobe light but instead of light is t orders on and orders off.
they can put them into a state of pause without over messaging. when you do size up if trying to compete they will usually wallop you so you better be willing to take on some risk for a little while and usually they will suspend the spike up or down until most everyone who is competing with them is out.

It sucks but at the same time it does grease the liquidity wheel and s much as i hve hated them i have come to understand that this is the mkt. I would think stocks would be a little better because it would take a lot more money and competition to control and the regulators tend to look at stocks more compared to futures.

10 lots is big short term if you ask me and if you are displaying it will be figured out immediately and iceburgs then they will ping ping ping until they know what you are up to all in the pico second!!
good luck

all you can do is stretch out your time frames

 

[imjohn]

Since trading nowaday is done by Algo and automation, any trader still trade discretionary and think they can beat the Algo in a longrun and trade big size?

Yes

one mistake could wipe away all your profit in daytrade.

Same if you're trading 1 contract.

How can you compete with emotionless machine, world one day will be dominated by machine, so does day trading.

Perhaps, but No problem (for me) at anytime in 2020.

 

[CALLumbus]

10 lots of what ? 10 FGBMs or 10 ZN is different than 10 NQs or 10 GCs.

I trade mostly NQ these days and could not make enough money if I would just play around with 1 or 2 contracts.
I think the problem with many "retail traders" is that they have very limited capital and try to achieve unrealistic results with that very limited arsenal they have.
Stuff like "I make 100 ticks per day with 1 NQ" or "My goal is 2% a day with 2 MES", usually they fail miserably, as seen in recent threads this year again.

I suggest to slowly build your capital and trading knowledge, and then better do something like trying to get 20 ticks per day in the NQ, with a clip size of 5 or 10 or something like that.

 

[tradeking007yahoo]

it can oinly work if you have edge and risk control because it doesnt take much to wipe out 100 ticks scalps trades with fees and slippage in a 10 minute drop on 1 trade

 

[Cuddles]

Plenty, just not on ET

 

[speedo]

It's a common among amateurs to believe that the algo's have some secret coding and esoteric formulations to out smart market participants. The reality is they are coded to trade the same setups and targets as other competent market participants. If they didn't, they wouldn't have the participation to precipitate a move. If you are having problems generating consistent profit, the issue is not institutional but your lack of understanding of price behavior and how to benefit from that understanding. This is different from HFT which is playing field retail players should stay away from.

 

[tradeking007yahoo]

LMFAO.. ho wmany trades did you do today with the algos with this infinite knowlegdge baaahahahah a good one..the oracle right here

 

[speedo]

LMFAO.. ho wmany trades did you do today with the algos with this infinite knowlegdge baaahahahah a good one..the oracle right here

I thought I put your dumb ass on ignore...now fixed