hey HFT scum, yeah, you. Watch this

Discussion in 'Trading' started by stock777, May 26, 2010.

  1. SunTrader

    SunTrader

    Can't resist one more :p but do you care to provide a link to the 50 laid offed traders story?

    BTW I did find one from last year it was mentioned:

    "Steven Schonfeld, the owner of trading firm Schonfeld Group Holdings LLC, has remained unaffected by the financial crisis.

    The 50-year-old is getting attention after it was reported he bought a new $90 million dollar house on Long Island".

    Oh I feel so sorry for Mr Schonfeld (notice the spelling) that he will now have to buy all his freakin toil paper at Costco since he probably has about 14 bathrooms to keep stocked.

    Yeah he must be hurting big time.
     
    #321     Jul 6, 2010
  2. ammo

    ammo

    it took me a minute or two to read your post, another minute or two to hit and wait for reply page ,type this and hit submit,the only thing that could use that speed advantage would be a program on a computer,and the only way to control changes in that setup fast enough ,long,short,flat hold, would be another computer,these things will bring the market to its knees one day....in the meantime they will wipeout a lot of starting traders making it so hard that the paper will just dry up, mom and pop are paractically gone, eventually there will be only computer against computer and no paper
     
    #322     Jul 6, 2010
  3. eventually winston will own the world, didnt ya know? hes a smarty. went to school and all.


    You are posting too soon after your last post. Try again in a few minutes.

    hft but lfp.
     
    #323     Jul 6, 2010
  4. I declare once again, unconditional victory ,as well as being early and often.
     
    #324     Jul 6, 2010
  5. After making my daily billion scalping C, I thought I'd draw up a quick routine that anyone can use if stock777 isn't paying enough attention to their particular thread. It's pseudocode, but the algorithm should be trivially implemented in most modern languages.

    Code:
    #include "bullshit.h"
    
    while (true)
    {
      print("WAAAAAAAAAAAAAAAAAA");
    }
    
    
    I thought I'd need an exception handler, but a quick survey of the board didn't find any.
     
    #325     Jul 6, 2010
  6. this is MY thread rottenegg. I pay much less attention to others.
     
    #326     Jul 6, 2010
  7. stock777 can you explain the SOES thing? what happened with SOES?
     
    #327     Jul 6, 2010
  8. SOES?

    In ancient times there were real market makers willing to sell and buy 1000's of shares . You could 'instantly' execute against those quotes no matter what was happening in the market. And they didn't move at sub millisecond speed.

    Fat slobs with the reflexes of an 80 year old man could pick off 1000 lots of volatile stocks and make 50 cents a share in seconds.

    This money machine came to an end when the MM's decided that fat slobs have no right to their money.

    So most of the fat slobs went back to driving cabs and plucking chickens.

    A few became HFT slobs.

    The End
     
    #328     Jul 6, 2010
  9. maybe you should spend some time in other people's threads instead of creating so many of your own
     
    #329     Jul 6, 2010
  10. pretty feeble, even for you. running out of lies ?
     
    #330     Jul 6, 2010