EPTTrading thread - Page 8
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MangoTango
United States3670 Posts
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scaban84
United States1080 Posts
On October 07 2011 00:35 MangoTango wrote: I request that this thread be renamed "I think I am smarter and faster than people whose entire careers are literally built on being physically closer to Wall Street so that the Ethernet cords are shorter so that their requests get there faster in order to be first and get first bite at the apple." Life is about competition and every career path involves facing up against people who are a lot more experienced than you. Its the only way you progress. But you understand this otherwise you wouldn't be a troll. | ||
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BrTarolg
United Kingdom3578 Posts
On October 07 2011 00:35 MangoTango wrote: I request that this thread be renamed "I think I am smarter and faster than people whose entire careers are literally built on being physically closer to Wall Street so that the Ethernet cords are shorter so that their requests get there faster in order to be first and get first bite at the apple." lol most inaccurate post i've ever seen in my life | ||
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Sweepstakes
United States92 Posts
I have a Greek friend who lives in Athens and he's been telling me how bad it is there. All transportation striking, energy department striking, new tax that is equivalent to one month's pay, etc. Having lived there for the 1st half of this year there is no way they are getting out of this unscathed. Europe is essentially screwed. | ||
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scaban84
United States1080 Posts
On October 07 2011 02:23 Sweepstakes wrote: Does anyone see the last few up days being a result of a short squeeze, the longs who got stopped out coming back in, and other cash coming in due to the recent up moves? I can't see how the market can keep this up knowing what kind of shape Europe is in. I have a Greek friend who lives in Athens and he's been telling me how bad it is there. All transportation striking, energy department striking, new tax that is equivalent to one month's pay, etc. Having lived there for the 1st half of this year there is no way they are getting out of this unscathed. Europe is essentially screwed. Sweepstakes, the market is waiting for the NFP numbers tomorrow morning. It is the most volatile monthly economic release and will probably break us out of this range. Many traders are waiting for this triple top in the vix to break before shorting the living hell out of the market. We need another sizable down leg in the market for there to be a short squeeze. | ||
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BrTarolg
United Kingdom3578 Posts
On October 07 2011 02:30 scaban84 wrote: Sweepstakes, the market is waiting for the NFP numbers tomorrow morning. It is the most volatile monthly economic release and will probably break us out of this range. Many traders are waiting for this triple top in the vix to break before shorting the living hell out of the market. We need another sizable down leg in the market for there to be a short squeeze. I'm still waiting for stuff to top out, but i'm pretty sure NFP numbers will be below consensus - it's gonna be the big one for sure I'm already long various tbills and bonds, and i will be adding to some short stoxx/snp given the right timing | ||
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iansanew
New Zealand86 Posts
On October 07 2011 02:04 BrTarolg wrote: lol most inaccurate post i've ever seen in my life it is the only way to trade. no other profitable method of trading exists. guys did you know that the only way to make money is mechanical arbitrage? also, we should give up now because we cant beat high frequency traders at their own game. BrTarolg you have it all wrong, swing trading is about getting tick precision at <10 millisecond speeds. also, all you people who make a living out of trading discretionary obviously have too much brain lag to compete with the bots. give up now. Warren buffet needs to keep up with the times, i bet hes losing money to people whose entire careers are literally built on being physically closer to Wall Street so that the Ethernet cords are shorter so that their requests get there faster in order to be first and get first bite at the apple. | ||
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scaban84
United States1080 Posts
On October 07 2011 11:37 iansanew wrote: it is the only way to trade. no other profitable method of trading exists. guys did you know that the only way to make money is mechanical arbitrage? also, we should give up now because we cant beat high frequency traders at their own game. BrTarolg you have it all wrong, swing trading is about getting tick precision at <10 millisecond speeds. also, all you people who make a living out of trading discretionary obviously have too much brain lag to compete with the bots. give up now. Warren buffet needs to keep up with the times, i bet hes losing money to people whose entire careers are literally built on being physically closer to Wall Street so that the Ethernet cords are shorter so that their requests get there faster in order to be first and get first bite at the apple. So according to your assumptions every hedge fund, mutual fund, proprietary trading firm and investment bank that hold positions in any of the cash or derivative instruments for more than a split second are losing? Bots can't trade with discretion, and discretionary traders shouldn't be competing with bots by trying scalp, unless you design your own bot. And finding a broker who's servers are co-located at the exchange is not hard. | ||
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Sc2ggRise
United States607 Posts
On October 07 2011 02:23 Sweepstakes wrote: Does anyone see the last few up days being a result of a short squeeze, the longs who got stopped out coming back in, and other cash coming in due to the recent up moves? I can't see how the market can keep this up knowing what kind of shape Europe is in. I have a Greek friend who lives in Athens and he's been telling me how bad it is there. All transportation striking, energy department striking, new tax that is equivalent to one month's pay, etc. Having lived there for the 1st half of this year there is no way they are getting out of this unscathed. Europe is essentially screwed. the first couple of up days were definitely a short squeeze IMO, but I think because people saw 2 days up the market jumped on the hope bandwagon today. There is nothing of material coming out of the Eurozone talks that actually mean something so for now it's all risky risky speculation. I'm in all cash at the moment... for me it's more about cash preservation than trying to make a couple of bucks playing company low's and highs. One of the stocks i'm personally keeping an eye on is CAT... I work in the manufacturing world and based on the demand they place on our company, they are set to explode as soon as the bulls gain traction again. | ||
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iansanew
New Zealand86 Posts
On October 07 2011 12:25 scaban84 wrote: So according to your assumptions every hedge fund, mutual fund, proprietary trading firm and investment bank that hold positions in any of the cash or derivative instruments for more than a split second are losing? Bots can't trade with discretion, and discretionary traders shouldn't be competing with bots by trying scalp, unless you design your own bot. And finding a broker who's servers are co-located at the exchange is not hard. i was making fun of the first posters argument | ||
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BrTarolg
United Kingdom3578 Posts
Combined with the unexpectedly (wtf) high profits of one of the shares i was shorting as a hedge, and having my longs kill me, i've managed to wipe out a lot of my profit from the last few weeks very quickly lol Back to square 1 Heres to hoping NFP saves my ass today lol | ||
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iansanew
New Zealand86 Posts
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BrTarolg
United Kingdom3578 Posts
I've cut off the vast majority of my trades, sitting pretty flat atm After having gilts and hedges get owned yesterday, to get double owned by NFP is pretty pain. I have no idea where they managed to conjure up such numbers but fwiw i guess i'll be bullish in opinion for stocks until they hit their 75MA probs | ||
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ArhK
France287 Posts
On October 07 2011 11:37 iansanew wrote: it is the only way to trade. no other profitable method of trading exists. guys did you know that the only way to make money is mechanical arbitrage? also, we should give up now because we cant beat high frequency traders at their own game. BrTarolg you have it all wrong, swing trading is about getting tick precision at <10 millisecond speeds. also, all you people who make a living out of trading discretionary obviously have too much brain lag to compete with the bots. give up now. Warren buffet needs to keep up with the times, i bet hes losing money to people whose entire careers are literally built on being physically closer to Wall Street so that the Ethernet cords are shorter so that their requests get there faster in order to be first and get first bite at the apple. Not sure if huge troll or utterly stupid... You don't seem to have a single clue about trading. Stop stating painfully stupid things please. User was warned for this post | ||
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BrTarolg
United Kingdom3578 Posts
On October 07 2011 22:13 ArhK wrote: Not sure if huge troll or utterly stupid... You don't seem to have a single clue about trading. Stop stating painfully stupid things please. lol it was a joke | ||
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scaban84
United States1080 Posts
http://www.zerohedge.com/news/us-needs-generate-261200-jobs-month-return-pre-depression-employment-end-obama-second-term | ||
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ArhK
France287 Posts
Thanks, my brain hurt a bit less now  .*Goes back swing trading on the forex. | ||
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jHERO
China167 Posts
take short position on spx dia qqq or the direxon bull or long the direxon bear thursday 3pmish, stocks will fall friday 2%+. cover before mkt closes friday, = profit | ||
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BrTarolg
United Kingdom3578 Posts
As a result i'm gonna hold off until i think its gone too far | ||
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scaban84
United States1080 Posts
On October 07 2011 23:32 BrTarolg wrote: One of the reasons im shaken is since wednesday this rally seems a lot more genuine than the previous ones As a result i'm gonna hold off until i think its gone too far Lol. You must not be talking about the S&P. Over here it is trading in a very obvious 100 point channel. How does this shake you? Are you a very short term trader? And what do you mean by 'genuine'? As in... it crushed your expectations? | ||
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