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Start point for daily VWAP?

  #17 (permalink)

Trading Experience: Advanced
Platform: nijia trader
Broker/Data: A.M.P. I.Q. ....C.Q.G.
Favorite Futures: ym
Posts: 525 since Mar 2012
Thanks: 104 given, 263 received

sclaping of the vwap

jstnbrg View Post
Absolutely. And most of these guys got driven out of the business by HFT anyway. Including myself. I started getting legged up on spreads (my autospreader would get one leg but miss the other and I'd have to scramble to either scratch the outright, take a loss, or get a bad fill on the spread) and that drove my profitability from pretty good to pretty much zero. And it happened in ONE DAY. For two years I was consistently profitable on the screen, increasing my size 100 fold and in one day it just ended. Not a gradual tailing off, it just ended.

Which should be a lesson to us all, don't count on being able to do tomorrow what is easy today.

there are people that can do that but i am not one of them.

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