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The End of Day Trading


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The End of Day Trading

  #1 (permalink)
 KosherTrader 
Winchester VA/USA
 
Posts: 57 since Aug 2013

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)
 
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 Big Mike 
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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)
 
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 xiaosi 
Brisbane, Queensland, Australia
 
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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)
 KosherTrader 
Winchester VA/USA
 
Posts: 57 since Aug 2013

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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 Big Mike 
Manta, Ecuador
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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.

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

Neither.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
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  #7 (permalink)
 KosherTrader 
Winchester VA/USA
 
Posts: 57 since Aug 2013

Algo trading + increased taxes, both will further the already increasing rate of attrition among day traders

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  #8 (permalink)
 Itchymoku 
Philadelphia
 
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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 
Boston, MA
 
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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)
 jonc 
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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Last Updated on October 24, 2013


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