Reality for an Individual Trader

[JSOP]

If you develop true relationships, they last through crises and deliver eventually. I have seen people who moved from field to field purely based on connections etc. I have seen hedge funds raise money on a handshake alone.

Yeah but how Goldman Sachs f***'ed everybody by KNOWINGLY dumping their toxic ABS that initiated the financial crisis of 2008 so that they can get ahead of everybody, that REALLY speaks volume of relationship values.

 

[JSOP]

Could you please explain this to Buy1Sell2.

Well technically the pros do NOT get the information faster because all information are disseminated at EXACTLY the same time to everybody including the individual traders BUT the news TRAVELS to the pros faster because of the network structure of the news feed broadcaster that the pros use so when the individual traders get the news after 223 milliseconds once it's disseminated, the pros got it after only 220 milliseconds because their feed is "low latency feed" so the pros end up getting the news faster.

So Buy1Sell2 is NOT incorrect and he/she clarified EXACTLY what I wanted to find out. But I appreciate the additional insight from @sle.

 

[sle]

I am talking about personal relationships - obviously, at the firm level the only thing that matters is the bottom line.

 

[Buy1Sell2]

Well technically the pros do NOT get the information faster because all information are disseminated at EXACTLY the same time to everybody including the individual traders

Correct. ---and the extra point is that info is all reflected in the chart.indicator combo and that is where to look for full information.

 

[JSOP]

I am talking about personal relationships - obviously, at the firm level the only thing that matters is the bottom line.

Well of course that's how Bernie Madoff was able to get $65 BILLION for his Ponzi scheme, all through private exclusive clubs of "relationships".

You gotta love the financial world, most of the time it's the bottom line that counts and during the rare moments when relationship values really does mean something, you end up investing in a Ponzi scheme.

 

[Zzzz1]

They do receive the news items way faster than you unless you are also willing to invest hundreds of thousands in direct connections, news feeds, and all the hardware and man power that is behind it and connects all the pieces. Your news feed is delivered over the web and at best a tcp socket on your windows machine, subject to dozens to hundreds of milliseconds latency. That is by definition slower than what the big boys are using. Which part lacks clarity? Please explain and we can dive into more detail.

Yeah that I know but they don't really RECEIVE the ACTUAL news feed faster, that's what I wanted to confirm.

 

[Zzzz1]

No need he knows, he just likes to flame.

Could you please explain this to Buy1Sell2.

 

[JSOP]

They do receive the news items way faster than you unless you are also willing to invest hundreds of thousands in direct connections, news feeds, and all the hardware and man power that is behind it and connects all the pieces. Your news feed is delivered over the web and at best a tcp socket on your windows machine, subject to dozens to hundreds of milliseconds latency. That is by definition slower than what the big boys are using. Which part lacks clarity? Please explain and we can dive into more detail.

You need to read my most recent posts before responding. I assume you have low enough latency to read them before responding?

 

[Zzzz1]

How can a news item that has not been traded on be reflected in the price or chart for that matter? When I am the first to receive a market moving news item then certainly is that information NOT yet reflected in the price.

Correct. ---and the extra point is that info is all reflected in the chart.indicator combo and that is where to look for full information.

 

[Zzzz1]

Then please jump right to my previous post. If you are the first to receive market moving news then that is not yet reflected in the price and hence you have an edge over everyone else. There is a reason some players are dishing out millions to stay on top of the latency game. They place their trades and you are the sucker who chases the price hoping there are even bigger suckers that move your cart a bit further or else you give up altogether capitalizing on such events if you believe you are equipped with inferior technology.

You need to read my most recent posts before responding. I assume you have low enough latency to read them before responding?