The simplest advice I could give if you are determined to trade is to never open a chart, and just study the level I and II data on the DOM. I genuinely believe that is the quickest path to being profitable, at least in the futures market. Good luck!
I read his whole book, out of it, there are 2 things hes says that makes sense. One is don't trade barb wire.
And nothing of value... You'll find nothing of value here(regarding trading advice).. But it can be a fun way to kill time... In this sense, I think it is great... Regardless of what I or anyone here says, logic says: "Those who can trade, trade. Those who can't, teach/give advice." Nobody is going to help you and those who try to give you advice in any way are full of shit... You are definitely on your own... But this isn't necessarily a bad thing... Especially for a brazilian, who, like me, must have grown up with all the collective bullshit we are taught from the day we are born... If you realize this, this will be a great life lesson for you. If you don't, you'll just continue to be another mindless brazilian zombie (just like the almost other 200 million )... Saudações de Curitiba! E boa sorte para você!
Those days are over. Algorithms make up most of the liquidity now. They will always execute faster. Studying and interacting with DOM/orderflow is fine and dandy, but only for the purpose of eventually designing your own competing algorithm. I guarantee you won’t make one red cent otherwise.
Deus ... pior fórum que já vi na vida ... se tá louco... vou me descadastrar... só tem retardados... Já tenho ótima base, mas continuar lendo materiais eh sempre bom... Valeu ...mas to fora disso aqui
I disagree. You can use the DOM for more than just scalping for one tick. I find it much easier to see changes in market behavior watching a ladder than a chart.
I don’t think you understand the capabilities of your competition. For example, I can extract 500 variations of a trade, of one instrument, in one trading session. This can’t be done without major computing power. No monkey, scratching their head in front of a DOM can do this. I can only imagine what teams of brains at RenTec, Citadel, etc.. are capable of, but if you find a niche outside of their target zones, you’ll survive. You don’t have to respect the competition, but don’t underestimate it.