TA - Objective or Psychological Skill?
- Thread starter cornix
- Start date
Quote from bighog:
HFT should not even be mentioned in a thread about TA. Cornix understands that TA involves both what he included in the heading of this thread.
HFT is not skill, it is a programmed set of instructions which removes the psychological inner ramblings between the ears. Retail pikers like all of us should just forget HFT even exists. What we do in a game of chance is find what works FOR "ISH" and care less how fast a few outfits can front run each other and play a bitch game.
Cornix, thanks for the kind words. And least we not forget the kindness and giving of Nodoji to ET members as a whole without asking for anything in return. She is not only the "QUEEN BEE" of CL trading, but also she welcomes anyone else to the game by helping them achieve what she has done in quite a short time.
Wimbledon is playing...........love tennis matches and those cute tiny outfits on the ladies(tennis is like futures, psych and skill like cornix says...........there are no HFT tennis rackets to use as an excuse when the other opponent cleans your clock) TRADE WELL!
First of all I didn't realize that HFT was solely computer trading until just reading your post. I don't trade like that. So in a way it's my fault for not realizing the terminology. I thought it was intra day trading. Second everyone has my respect till it's broken. And I respect everyone till they lose my respect. I don't play the seniority game. The way you replied to my post to me was disrespectful. I don't care that some traders aren't the nicest people. If you want a constructive debate you could have worded your concerns differently.
Obviously you have an angst towards HFT Trading. I can respect that. I personally never knew a world trading without it as I started in 2008. Also folks here obviously respect you. Since this is Cornix thread and I respect Cornix due to the way he communicates with people here on his topic and others. I will choose to decline from commenting here.
The last remaining TA true believers after they do the group hug and welcome their leader alias or author hero despite zero evidence of success--- if you follow a mentor-- BE CERTAIN of their personal success in the markets not just because they claim success or are "nice" to you.
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Come on, see reality, HFT has forever changed the market-- it doesn't "help"you--- google NANEX or Eric Hunsander if you don't believe me-- this is a major issue from EVERY real manual trader I know-- why it's shrugged off here as being irrelevent is a major tell that reality isn't as it seems on this thread.
surf
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Come on, see reality, HFT has forever changed the market-- it doesn't "help"you--- google NANEX or Eric Hunsander if you don't believe me-- this is a major issue from EVERY real manual trader I know-- why it's shrugged off here as being irrelevent is a major tell that reality isn't as it seems on this thread.
surf
Please do explain how ultrafast computers next to exchanges fighting each other for fractions of pennies on large size all day long somehow affects one's ability to extract profits out of significant intraday price swings?
Seriously, Surf, can you post a chart pointing out areas where a retail day trader would've entered and HFT-ers eliminated the trader's chance to make a profit?
You mean every real manual DAY trader? I can't see how HFT is relevant to your time frame, it certainly isn't relevant to mine.
First, most HFT is done on tiny size, millions of times. Here is the data--
http://www.nanex.net/FlashCrash/OngoingResearch.html
Sure, you can still make money, just like you can by guessing with good money management--- take a profitable break out for instance, truth is, break outs continuing into profitability are much fewer today than they were 5 years ago, this is due to the fluttering erratic nature of the market on the micro scale due to HFT--- that's just one example. For anyone to say this doesn't make a difference on any level is either inexperienced, paper trading or making it up. The research is here proving it. surf
Correct, intraday trader. However, you only have to look as far as the flash crash etc to see how it effects the market on any time scale.
I wasn't trading breakouts 5 years ago, but they sure have been a major profit generator over the past 3 years.
You have to learn to identify the environment in which the expectancy of success is high. A breakout of a wide range will nearly always fail on the first attempt. But a breakout of a previous high or low in a well-defined trend or a strong trending swing is a high odds setup.
I can't argue with your personal experience. However, I do know that research, my experience and that of bonafide succesful traders I know tell me that there is no edge in trading break outs anylonger.
surf