Thursday, November 05, 2009


cover FSYS for small loss, 20 minutes to go in the day
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4 comments:

joshua said...

awesome posts and insight today. thanks

1:55 p.m.
CN said...

I don't know how busy you are, but I was wondering if you could list the stocks you went in today. I like to compare and see if I was able to pick out the same movements as you did.

I imagine you don't post all the stocks you enter in a given day, so if it's too much to list them that's fine - I'm just curious.

1:10 p.m.
pavtrader said...

Hi Scott,
I was going through some articles on HFT shenanigans and wondering if you are feeling the effects in your trading. With your tight stops do you find that you are getting jigged out more often and that slippage is more of an issue?

Thank you,
Pav

3:10 p.m.
Scott said...

CN,
I had some good action in GOLD,RIMM,UAUA,CAL,OPTT,BIIB.

PAV,
I don't know if HFT has affected me or not. I have no way of knowing if it was a computer or a prick of a market maker that jigged everyone out. Maybe it's all just propaganda to plant the seed of more doubt in peoples minds and brainwash the populace. Like the bogeyman. Trading is really a contest with yourself anyway when you get right down to it. I really don't care to think deep about it actually.It doesn't matter.
When momentum goes , it still goes like it did years ago. Last fall market conditions were sometimes bordering on the verge on insanity but if you were able to keep your head on straight you were able to profit immensely. If this was due to HFT I say "right on". I can see that it would affect traders who use 1 minute candles more than me. But it's always been a losing game to use 1 minute timing and try and get as close to the market action as possible. Multiply the amount of decisions and commissions X 5 compared to using 5 minute time frames and you can see your brain and account will explode in short order.
I'll still go with time proven trading concepts and continue plugging away with momentum, trends and trading my plan until those things stop working.

8:26 p.m.

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