Which one of you guys made this reddit post

The author of the reddit post has his points, but I STRONGLY DISAGREE with point 5. "Anything that works on the intraday time-frame is considered HFT" and "trade daily+ timeframes, it will save you some frustration" are 100% wrong.
According to INVESTOPEDIA, HFT means "uses powerful computers to transact a large number of orders at fractions of a second". However, the reddit post implies that trading on a 30 min or 60 min time frame is HFT, that is nonsense. Many profitable strategies are working in the intraday time-frames and the opened positions are held overnight.
The statement "trade daily+ timeframes will save you some frustration" is 100% WRONG. The author cannot develop a profitable strategy on intraday time-frame is HIS PROBLEM and INABILITY, and it is a piece of BAD ADVICE that he advised trading daily+ timeframes only and ignoring intraday time-frame.
If a reader of the reddit post really ignores intraday time-frames (such as 15min,30min,45min, 60min...) and focuses on daily+ timeframes only(daily,weekly,monthly), he/she will miss many opportunities finding profitable strategies. Anyone in pursuit of a working strategy should do his research on intraday time-frames unless he has already found a very good strategy using daily time-frames.
Yes, many traders consider intraday time-frames "noise trading" and trade only on daily/weekly time-frames. No problem if they are profitable traders, but asking other traders to trade on daily+ time-frames only is 100% wrong and BAD ADVICE.
 
allensin said:
The author of the reddit post has his points, but I STRONGLY DISAGREE with point 5. "Anything that works on the intraday time-frame is considered HFT" and "trade daily+ timeframes, it will save you some frustration" are 100% wrong.
More...

so agree.
 
allensin said:
If a reader of the reddit post really ignores intraday time-frames (such as 15min,30min,45min, 60min...) and focuses on daily+ timeframes only(daily,weekly,monthly), he/she will miss many opportunities finding profitable strategies. Anyone in pursuit of a working strategy should do his research on intraday time-frames unless he has already found a very good strategy using daily time-frames.
More...
There is no formal definition of HFT, it's vague statement that means more or less "I trade a lot". There was a time when holding for 30 min was high frequency and next thing you know, people are holding positions for seconds and consider 10 milliseconds tick to trade "carrier pigeon latency". In general, the two accepted definitions are "if you care about latency" and "if you are flat at the end of the day" - while not identical, in the modern world these two converge to very similar technology and strategy requirements.

The author has a fair point that someone who is trying to develop a brand new strategy should go after the low hanging fruit. An intraday strategy, at the very least, would be highly dependent on transaction costs and effective execution. Why would you want to invest time into something like that if you can capture alpha easier on longer time frames?
 
You must log in or register to reply here.
Back
Top