Daytrading becomes more difficult because of algorithmic trading?

Discussion in 'Trading' started by prj, Sep 23, 2018.

  1. Mnewton

    Mnewton

    It's not as good as the 90's book when there market kept going up every day. The market has changed and is more volatile from day to day so depending on news. There is so much more information out there to assist trading. Many algos scan news feeds and Twitter and try to lead the market on certain stocks.
    If you select a group of stocks to trade and get to know their movements to can make good money. The more information you have the better trades you can make, if you watch pivots you will see definite trade changes at specific pivot prices , these are algos working pivots if there is little change then few or no algos are working that stock. It is tougher to do spread trading as spreads are not as wide as they used to be and algos sit on both the bid and the ask. Pick your strategy and your stocks but always be willing to learn new ideas. In another post i detailed a trade on NBEV made over 6 minutes at 9.32 take a look at it
     
    #41     Sep 29, 2018
    prj likes this.