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The End of Day Trading
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The End of Day Trading

  #1 (permalink)
Banned: Negative attitude, troll
Winchester VA/USA
 
Futures Experience: Intermediate
Platform: ThinkOrSwim
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Posts: 57 since Aug 2013
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The End of Day Trading

I have noticed that a good number of members who have posted negative posts about day trading, futures trading in particular have had their memberships revoked. I am not suggesting that is the cause but it is a cause of concern.


I believe the markets to more rigged against the nonprofessional than casinos are and they are getting perpetually worse for retail traders. With ever-decreasing latencies and processors and new algorithms being developed by the brightest minds in the world to increase firms' competitive advantage over retail traders this is an important issue.

The question is, which will make day traders extinct first, US gov taxes or high-frequency trading institutions?

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  #2 (permalink)
Site Administrator
Manta, Ecuador
 
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KosherTrader View Post
I have noticed that a good number of members who have posted negative posts about day trading, futures trading in particular have had their memberships revoked. I am not suggesting that is the cause but it is a cause of concern.


I believe the markets to more rigged against the nonprofessional than casinos are and they are getting perpetually worse for retail traders. With ever-decreasing latencies and processors and new algorithms being developed by the brightest minds in the world to increase firms' competitive advantage over retail traders this is an important issue.

The question is, which will make day traders extinct first, US gov taxes or high-frequency trading institutions?

The whole site is about day trading and futures trading.

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  #3 (permalink)
Elite Member
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xiaosi's Avatar
 
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HFT is actually on the decline. Of course algoes will always remain as much of the buying and selling is not done manually anymore but by these algoes.

Trading is very difficult, you are competing against the best and brightest. There will always be those who say its rigged.

XS

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  #4 (permalink)
Banned: Negative attitude, troll
Winchester VA/USA
 
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And those algorithms are constantly being rewritten to be more efficient, i.e. better at taking away your capital.

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  #5 (permalink)
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KosherTrader View Post
And those algorithms are constantly being rewritten to be more efficient, i.e. better at taking away your capital.

So don't trade against them on their turf.

Sent from my LG Optimus G Pro

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.

Reply With Quote
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  #6 (permalink)
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KosherTrader View Post
which will make day traders extinct first, US gov taxes or high-frequency trading institutions?

Neither.

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  #7 (permalink)
Banned: Negative attitude, troll
Winchester VA/USA
 
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Algo trading + increased taxes, both will further the already increasing rate of attrition among day traders

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  #8 (permalink)
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KosherTrader View Post
Algo trading + increased taxes, both will further the already increasing rate of attrition among day traders

How exactly does algo trading hurt day traders? If you say they make the market more range bound and unpredictable then learn to trade the range with probabilities or increase the time frame that you trade. taxation is inevitable but at least trading futures makes for less taxes than trading stocks.

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  #9 (permalink)
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bluecrow's Avatar
 
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I think your underlying assumption that the big guys are out to get retail traders is wrong. Have you considered that there is not enough of us to feed all of them? IMO, the battle is not "Retail vs Institutional" its "Institutional vs Institutional" and unfortunately retail traders get caught in the crossfire. Adopting the "us vs them" mindset is dangerous and inevitably shifts the blame for poor performance to external factors. The battle is not against the market, it's against yourself and your ability to remain disciplined and faithful to your plan. So will day traders become extinct? I don't think so and probably not due to US gov taxes or high-frequency trading institutions.


KosherTrader View Post
I have noticed that a good number of members who have posted negative posts about day trading, futures trading in particular have had their memberships revoked. I am not suggesting that is the cause but it is a cause of concern.


I believe the markets to more rigged against the nonprofessional than casinos are and they are getting perpetually worse for retail traders. With ever-decreasing latencies and processors and new algorithms being developed by the brightest minds in the world to increase firms' competitive advantage over retail traders this is an important issue.

The question is, which will make day traders extinct first, US gov taxes or high-frequency trading institutions?


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  #10 (permalink)
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australia
 
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KosherTrader View Post
The question is, which will make day traders extinct first, US gov taxes or high-frequency trading institutions?

traders who are not profitable would not be profitable even if these 2 are removed

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