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gaj
 

Registered: Dec 2001
Posts: 1598

 

09-23-12 01:29 PM

bob111 - the main reason for the PDT rule is to prevent lawsuits against trading firms. the rule is ridiculous, of course.

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Bob111
 

Registered: May 2002
Posts: 6422

 

09-23-12 03:52 PM


Quote from TraDaToR:



I know nothing about stock trading but this would totally drive me crazy. We don't have this on futures. The exchanges are not selling incoming orders data. HFT is fair on futures IMO, they don't use loops , they are simpler faster in trading profitable strategies.



of course you don't have it on futures. and partially because all orders are going to ONE exchange. there is no 80+ market centers in every city,who are trading same stocks,like i said above..there is no subpenny rules,that allowed for "pros" and not allowed for general public..
and you know why we have all this on stocks? cause it's fucking profitable for certain category..it's so profitable for them,that they have enough power to make the rules and regulations,issued by US gvt agencies(who suppose to be on our side) in their favor. just another example of how FUBAR whole country have became.. for those, who are screaming and yelling the usual-adapt or die..ok, i get it..the problem is-it's everywhere,not just in trading..rules and regulations are bended in favor of big corporations..take a f** indy auto repair shop..talk to them-they have same exact problems. ask them(those,who does the inspections) how many times a year gvt checked the records,how they struggle getting any info on newest cars from manufacturers..

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apple
 

Registered: Sep 2008
Posts: 71

 

09-25-12 07:45 PM

It happen very offen to me this year in this very low volume environment. Even on those very liquid stocks, such as STX WDC and so on. Those bids or asks are suddenly vanished when I offer only several hundreds shares( sell at bid and buy at ask).

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Bob111
 

Registered: May 2002
Posts: 6422

 

09-25-12 08:23 PM

another way "their" or HFT play it is this-you try to sell at bid let say 100-150 shares where 200 shares are at it. no activity whatsoever. one appears to be passive bid..when you press sell-someone steps in before you and sell right before your order reach the exchange. result-either partial fill(like 1-2-5-50 shares max) or no fill at all and bid moved lower. basically they are pushing the price,if there is no liquidity on this side and you will end up at far lower prices than you initially expect to exit(imo-same s**t happens at flash crash or variations of this scenario. no need for 1-2 years committee to figure this out)
off course there is nothing illegal here,but again..in example above-passive bid,zero activity,you are only one seller at that moment. it's honestly feels like cheating.."they" will squeeze every fucking penny out of you,while they can. and they do this because they can. why they know about my order and can step on front of it? how? is this suppose to be "fair"? there is use to be name for it and it use to be illegal- front running.

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earlyexit
 

Registered: May 2010
Posts: 91

 

09-26-12 12:58 AM

To all of those having these problems. May I ask how you route your orders? And who do you trade through?

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emg
 

Registered: Feb 2010
Posts: 5304

 

09-26-12 02:37 PM


Quote from earlyexit:

To all of those having these problems. May I ask how you route your orders? And who do you trade through?





u cant beat HFT because u are a small trader.

Small! Small! s...m-all


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