i think u are correct in sayin' money will be made by swing tradin' but not intraday; if the stocks wants to go up most times cpus make sure it doesnt and if it does they try to limit the upside..afterall those bots are programmed mainly to arb and trade ranges. it is obvious to anyone that mkt is detrioratin', opportunities are far and few in between and this cuz the fight for pennies is gettin' fierce; intraday equity tradin' is as tough as it gets for dicretionary traders, i see no much future for 'em [us].
My thoughts exactly. I still think however that one can still make money trading intraday by holding to his/her positions longer - hours instead of minutes. This still keeps you in the trend but protects you from overnight surprises. Just my .02.
u are therefore assumin' there will be trends, or better, more trends? i think it will be exactly the opposite...cpus will get better and better and since they all allergic to trends they'll fight 'em 'till the last penny; result? incomprehensible charts and tape and at best mkt movements that will resemble a electrocardiogram durin' a heart attack. why u think stocks will be trendin' more on a autobots driven mkt?
unfortunately that may be true. I saw more of this throughout my later days. This will not be anything new to our economy or society. It is capitalism at work looking for the most efficient way, and price discovery looking for the best price. This is similar to the overseas mass outsourcing going on in other industries. Our job is to adapt. Just as former workers now become the managers of the outsourced global groups, so must we exchange members adapt and evolve into our next role. The boys clubs is officially closed mass exodus and capitulation as the few remaining look for seats now that the music has stopped. At least I got a nice boat out of it.
You are assuming that all programs would aim to fill the specialist role of providing liquidity during a temporary imbalance. I can attest there are some that do fullfill that role and cut into the volatility. There are also programs that specifically lean on the specialist during these times. The old gentelmens agreementa are gone. The specialst is just as much a target as an individual trader. He always has had the capacity to be, but now he is a potential target. Point being, the programs that trade off the assumtion the specialist or marketmaker or other programs, will provide liquidity in hopes of achieving equalibrium with enough demand to profit will be targets of momentum programs. Thus causing capitulation of short term traders, and the reluctance of these participants to commit post capital. Trends are going no where, if anything they will be fewer, but once one gets started. All the above factors will amplify the results.
thx for provin' my point that there will be fewer trends. look at naz and what a beauty of a trainwreck u got there, same will happen to nyse, once the spec is gone for good. spec or no spec by the way it's the progress of autobots that will kill inefficencies, that's the whole point i was makin'.
I think you missed my point lad. Yes trends will be fewer, but autobots will not kill inefficencies. Who designs the autobots? Humans. Who unknowingly creates inefficencies in trying to over optimize results based on the emotions of fear and greed. Humans. Trust me this is nothing new. There is nothing new under the sun. I have been stuffed with relentless orderflow, from the suposed effecient autobot. What made matters worse was the cascading action caused by capitulating micro time frame participants. If an institution wants out or in, autobot or not they want out or in now. Timeframe of the end result is the only constant in trading.