hydro do you still trade? i saw a while back you seemed to be doing ok and posting to the PNL thread. sure the bots also provide a bunch but so do us day traders. I am starting to make the coin i was before stage 3 hybrid. although I feel like I am taking additional risk. . there have been some pretty wild moves.... recently, MO was offered at .21- swept straight up to 50ish hit a lrp and next print was 90. I had bot 5k at .21 at the time when dn 2500 on the day. so far ive been on the right side of some of this fast stuff but can see a day or a week vanishing like a fart in the wind all in all its tougher but i hope most guys who are working hard will adapt just fine
Personally I like hybrid...lets me trade larger size more easily...which is what I wanted to do...just took some adjusting. Yes, the sweeps are a pain...if one can get big enough...one can be the sweeper...and thus reap the benefits. Adapt by growing larger... Now the Island fees becoming like Arca..that's another story...makes one increase patience more...still workin' on that one...
The thing with computers is that they dont adapt too fast to change... when something doesnt make sense to them... they frezee, or worse, they start sending millions of orders trying to make everything make sense... The traders at the NASDAQ had been beating the crap out of algorithms for years...
Yes, Day Trading was ruled obsolete by the Decider at 12:15am PST... the PDT minimum is now at $500,000... thank you for your contributions...
As in any change in the market... there will be those who will fail... But the stong will survive!!! Keep ya head up boys (and girls), its just a matter of time, weathering out this market, while we modify existing strategies.... Its gotten harder, but a lot of it has to do with readjusting our P & L expectations while we learn how to trade a new market... We are all in the same boat... I personally, am long on day trading, im doubling down at this point (even though i try to avoid averaging down ...lol) this is nothing but another squeeze on the industry.....