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RedDuke

Registered: Feb 2005
Posts: 2511

02-13-13 03:42 PM

Quote from zdreg:

Regulations in the U.S. and U.K. prohibit traders from placing orders they don't intend to complete. Mr. Beck, in appealing the FSA fine, said regulators could have no way of knowing that his traders didn't intend to complete the layering orders they placed. Speaking to the Journal, Mr. Beck acknowledged that Swift traders engaged in this activity but he said the orders could, in fact, have been filled, and that made them legitimate....

I do not trade equities, so may be my questions is plain dumb. But all HTF algos do just that, millions of cancelled orders. What;s the difference between them and swift???

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zdreg

Registered: Oct 2003
Posts: 8433

02-13-13 04:14 PM

Quote from lokkeilaw:

It has been years since I posted, I came back on the site to see how the day trading world is like today.

I worked at Swift Trade from 2004-2007. I was doing OK during that period. Eventually, with NYSE changing their rules, I was struggling in 2007 as I was slow to adjust. I was introduced to JC Trading by the guys on the floor in 2007. They offered very good payout and their system was fast and reliable. I traded with them from 2008 to 2010. I was trading part time as I was pursuing a different vocation. I stopped at 2010 when I could not generate any profit.

Deep in my heart, I have a strong passion for day trading. I made an attempt to do both my current vocation and day trade at Swift (I think it is Orbixa now) again in 2011. I can only manage to break even and I do not have the balls and the skills I used to have to do well even though there were opportunities to make good profits. After three months, I stopped and focus whole heartedly on my current vocation.

Looking back, I am very grateful to have the years of ups and downs. I am considering to explore day trading in the future if a door is open by God.

" I am considering to explore day trading in the future if a door is open by God. "

forget it if the lefty congress and peronist president pass the ftt (financial transaction tax).

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