Hey, i just wanna ask around for peoples experiences executing trades that have a frequency of a few seconds on the US stock market. This is not competing in HFT or microseconds world, i am talking about kind of automated "scalping" trades that take a few seconds. To illustrate what kind of trades, see attached picture. This is a system i designed with a lot of research into a gigantic mountain of quote and trade data. This is a quick short trade that lasts around 2 seconds for a profit of 4 cents a share. (This specific day is from a recorded SIP feed with my own timestamps). So this really comes down to execution times, brokers, order routing etc. I live in Germany and i do use Interactive Brokers for daily strategies until now. I am inclined to just try this on say 100+ trades. But i am almost sure that when i try this live i will bleed money endlessly. And i am pretty sure paper trading is not realistic. So i am asking around for tips to having this kind of strategy executed properly and what i need to know. I already have a colocation in the US (but not extra near to exchanges or anything). Is this strategy feasible? Do i need another broker? What can i get as a german? Am i restricted to PDT rules? I dont know if i can just muster up 25k to fund a new account. Help
What are your costs? 4 cents profit is actually huge last I knew profit per trade were fractions of a cent. You can partner with a trading firm and use their infrastructure
My question is more along those lines if this was feasible as a retail algotrader and a retail brokerage, doing this completely alone.
In that case , I say no. But you can partner with a firm. They will vet and probably say no, but who knows. These small inefficiencies don't last long
Hey, Are you referring to a prop firm, or how else could I partner with a firm if I had a strategy but wanted to use their infra? Thanks!