Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following user says Thank You to Big Mike for this post:
I think also what's at play is that an equilibrium is starting to form. When all these HFT's have to start working against each other, it's add an element of temperment against it. Imagine throwing a dog treat in the middle of 40 dogs all jockeying to get their teeth on the same small bone. Eventually, some of the dogs give up and go seek other trash bins to rummage through.
Spoofing second level orders, manipulating price to trap amateurs and force them out of positions, etc. If everyone is doing it, then the edge diminishes.
"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."