Very good post. The game has definitely changed in 2009. The flashing orders rarely trigger bots to fill anything anymore. What will those poor Swifties do?
MohdSalleh, Thank you for your great post. I do notice the liquidity has gone. I don¡¦t scalp for a certain stock for quite a long time, simply flipping and search for opportunity then hit and go. Probably its time to give up the strategy.
NYOBScalper, I am no longer a Swifties but do trade in their methods, and you are damn correct, what should we do? (Laugh with bitter) Thanks for your comment that give me a little bit confidence which indicate it is not my skill problem but the market is changing.
For those who trade in pennies, do you mind saying if you use market or limit orders? When I worked at Titletrading, I used market orders on SSO using BATS. I only paid one penny spreads (most of the time, but that was months ago lol). Do you try to buy on the bid and sell at the ask?
glad u finally figured out the bots have torn you a new one. they see the flow b 4 u , and they take the stock b 4 u know what hit ya. sux dont it i been telling you this was happening for years.
Hang tough. Live cheap. The market is cyclical. Liquidity will come back and by that point most the daytraders will have blown out; those who survive will get a chance to kill it.