I was a day trader for the most part. Never wanted to take overnight risk. I traded the trend mainly. Almost Never trying to pick tops and bottoms. Ive seen an unimaginable number of traders blow up counter trending back tuen. But then most traders blew up after a few weeks atbthe start. I traded earnings, options expiration days (like triplevwitching) news events. Anything that induced volatility.
Best to start a different thread on those topics so that there's no follow-up by others on what's already discussed in this thread about your "demise" especially when this thread did not start via talking about HFT, algorithm trading, tape reading, DOM trading and such. wrbtrader
I guess the titlebis abbit morbid. I wanted it to be more "land mine here. Don't step" type sentiment.
Yup, make sense. Your comeback is likely not too far from the above. Quant will not get you anywhere, it's a mirage, so you can forget that, in my view (I'm a programmer). Steve Cohen hired the best quants last year and they did nothing for him. Imagine that, you got the best guys on the entire planet and they can't put up anything. You've got the basic key ingredients. Stick with trend, cut losses very quick, try to ride the wins sometimes. I doubt reading tape will add anything given the speed of things, but I haven't looked closely so could be majorly wrong. I think your biggest edge might actually come from careful stock selection.
Time and sales won't help a human as it stands but if I could get it to consolidate every second i think I could use it. So just give me information every second. Or just eliminate all the small order trades entirely .
I don't trade stocks, but surely there's a feature out there on some platforms that can isolate out the small orders. Some of the more experienced ET stock traders should know...
let me summarize...u have been trading profitably for 10 years from 1999-2009. then you quit sometimes in 2011 which is about 8 years and now want to return back to trading? we have the longest bull market run for the last 10 years and u have not traded since 2011? i don't believe a single words that is coming out of your mouth.
I "had" been. Not have. And don't be so surprised. This bull market has been less participated by pikers than any before it. Anyone has the option in any market to stop participating at any time they choose. That's what I CHOSE to do. As a piker that is.