Stocks & Commodities V. 28:8 (27): Q&A by Don Bright
Product Description
Q&A by Don Bright
A CHANGING MINDSET
I have read a lot of what you have written over the years about trading styles and strategies. Recently, you wrote in Technical Analysis of Stocks & Commodities about your concerns regarding subpennies and flash trading. You offered some suggestions as to what your traders are doing to offset these losses, but could you elaborate on what traders are doing to continue making profits in today’s marketplace? I’m looking for some direction. Thanks in advance. — TraderPatDC
I did address these issues briefly in the June 2010 Stocks & Commodities. Noting then that my traders have pretty much stopped “parking” orders on electronic communication networks (Ecns) (to collect rebate money), opting to hit bids and take out offers versus being taken advantage of by high-frequency trading (Hft) and subpennies, this time I’m going to offer something slightly different. Here’s an overview of a longer article I’ll be putting together for my upcoming trading classes, with the working title of “A Trading Philosophy For 2010 And Beyond: A Changing Mindset — No More Daytraders — No More Scalpers — No More Momentum.”
A CHANGING MINDSET
I have read a lot of what you have written over the years about trading styles and strategies. Recently, you wrote in Technical Analysis of Stocks & Commodities about your concerns regarding subpennies and flash trading. You offered some suggestions as to what your traders are doing to offset these losses, but could you elaborate on what traders are doing to continue making profits in today’s marketplace? I’m looking for some direction. Thanks in advance. — TraderPatDC
I did address these issues briefly in the June 2010 Stocks & Commodities. Noting then that my traders have pretty much stopped “parking” orders on electronic communication networks (Ecns) (to collect rebate money), opting to hit bids and take out offers versus being taken advantage of by high-frequency trading (Hft) and subpennies, this time I’m going to offer something slightly different. Here’s an overview of a longer article I’ll be putting together for my upcoming trading classes, with the working title of “A Trading Philosophy For 2010 And Beyond: A Changing Mindset — No More Daytraders — No More Scalpers — No More Momentum.”
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