I am new for total auto trading but not that new for trading in general. I have spent years studying many kind of methods even though a lot of stuff like Elliot Wave may be just a marketing tool. My own investment is pretty conservative but doing pretty well. The cash that I earn from market can buy a house in USA with pure cash.
I have already tried amibroker for months and AFL is very limited once I want to try out something little bit more complicated.
Just my math and stats parts are not good enough yet. Actually just the stats part can have a standard to consider good or bad, the math part can be anything creative actually.
Incompetence (don't have the capability to code their platform) is not something that the markets care about. If you do not have the capability to work on the level you must to be successful, you either look for some other things to do, or you get the ability.
Yes, an inability to truly comprehend how hard it is to be successful in this profession is the reason why 95% people lose money while trading.
So you already get an institution brokerage rate? You may need to trade like 10000 times a day for that!?
Maybe he is also just staying there for other reasons, like taxes. "Staying in Hong Kong" does not mean "Trading in Hong Kong". I am not sure you heard of it, but especially when doing automated trading you can "rent" or "colocate" computers in other countries. Talking as a German living in Poland (for tax reasons) with trading interest in the USA.
You are correct HFT in Hong Kong is nothing compared to HFT in US. However, I know for a fact that there is a still a huge amount of HFT happening in Hong Kong. Not only in the stock market but also in the options market. Taxes in general are lower in Hong Kong.
This is actually a good point. I have often wondered if it is possible to setup a Dubai based entity, wire your money in that entity and trade from there - solely for the tax purposes. I am sure some folks are actually doing this.