Have you ever heard of the "Crazy Ivan" reverse-trade? I call it this way, because every time I want to literally but-ph.ck HFT machines, I buy 17.000 Mini S&P at market and in the next step sell 25.000 market. The difficult part in doing so is order management. Globex Control allows only 3000 lot orders per ticket. Accordingly, you must fire orders like a machine gun into the market. Rat- tat- tat tat! Kalashnikov-like. Crazy Ivan and Kalashnikov are my best friends against HFT dominance. And yes, I trade S&P´s for 25 years+
Q Still, Niederhoffer sounded philosophical. “The market was not as liquid as I anticipated,” he said. “The movements in volatility were greater than I had anticipated. We were prepared for many different contingencies, but this kind of one we were not prepared for.” UQ
"......Niederhoffer has been a professional investor for nearly three decades, during which he has made and lost several fortunes—typically by relying on methods that other traders consider reckless or unorthodox or both....." https://www.elitetrader.com/et/threads/surf-report.306890/page-129#post-4425534
He did not know what he did not know... PS both Toby Crable and Monroe Trout are from Niederhoffer tree of fund managers