Scientist, who am I to judge you. I understnd you. Thank you for clearng this up. Remember this is a public board and archived for years to come....we can come back and read this and laugh at ourselves.
RESPECTFULLY,
Michael B.
RESPECTFULLY,
Michael B.
Quote from Scientist:
ElectroMan... The answer is yes and no. Why? Because it's very difficult do observe something as "velocity of volume flow" on the futures markets as such. They're too heavily arbed, jacked and confused in the short-term to be able to do this effectively. On top of that, most futures exchanges may not feature that kind of update "refresh" speed, anyway. On stocks, on the other hand, this would a completely different thing. First, you don't have (much) arbitrage going on, a lot more genuine commitment, much better (deeper) depth of market and actual "volume velocity" and such things.
So, to be quite honest, if you like 'war games', then Nasdaq Stocks are probably a better choice. This is my personal observation, from trading both Naz stocks and index futures - Anybody made a different observation - Please correct me and add your point!
As for "perhaps scalping is just hit or miss and 'generally' entries and exits can be 'freeze framed' in time..." - Well, in a way that's a pretty interesting way of putting it. And yes, probably quite appropriate even. The reality, Electric, is that you CAN'T predict the market anyway. Most people don't fully accept this, therefore lose. As the example says in "Trading in the Zone"; You can say the market will start going up here, or there's support right here, and I can call the broker and sell 100 contracts at the market, and you're f*cked. Not that I'd have the capital, but many others do. The point is there's no way you can predict. You can anticipate - to a certain extent, but you never know, and ideally, it is the best to assume every single trade being a loser - unless/until proven wrong. See "Phantom of the Pits"...
OK you are of course right. You could suggest it to him. Perhaps he's already planning on it. Who knows?
Sounds like an arduous task - But yeah, why not?
Alright, no anger here. Perhaps I came across as a bit snappy, because I kept getting PM's with the same questions over and over regarding these previous posts, so I had to reply - again. I wonder why people don't just ask their questions here? I keep getting PM's with the same trivial questions and other things. Sorry, how arrogant of me to call anything "trivial", but there is actually a search feature here as many things have been discussed before. And then, when I don't answer PM's immediately, I get follow-up PM's, saying "did you receive my email from 2 hours ago/yesterday/3 days ago?" Now apart from being a little snappish about that, I'm not quick to anger (LOL in fact I don't think you can anger me), I'm a sunny soul, and I'm not necessarily opinionated, as opinion is a deadly trait in the market. What may have come across as opinion, may in fact just have been facts, which I assembled and listed for your information and benefit, to zoom in on all the questions I've been asked via PM.
As I detailed, a game where this kind of ultra-fast update would be very important, is scalping stocks. I've done it in ButtonTrader/IB, it seems well fast enough. However, it's coming up for almost 2 years now since I traded stocks very actively, so there may indeed be much better technology out there for that purpose. Such as Spectre L4; http://www.spectrenet.com/sl4/index.html
Sorry if I came across as discounting or proud, no offense was intended. The mere detail and thought I put into previous and this reply should have conveyed that I was indeed trying to be helpful, rather than of supersilious or malicious intent. And if I seem harsh talking to people, like that other guy, about things like exchange rules, it's probably because I've seen people lose some serious cash on some silly mistakes - either second hand or first. A certain amount of seriousness is required if you're trading futures. Otherwise, trade options. It's likely harder, but, given you ain't writing naked puts, at least you can't lose more than you're putting on the line.
Peace and a Happy New Year!
Scientist.
