Vasco da Banana
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I already decided, but then I forgot teh question.
Can you be long and short at same time?
- Thread starter Gregpearce32
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I already decided, but then I forgot teh question.
robster970
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I disagree.
robster970
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No, you decide.
Hakuna Matata
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You slice the cake, I get to pick which half I want...
Vasco da Banana
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Nice to see the gang's all here
Yes, Lep, flat as a pancake no question. Mind you Vasco's namesake thought the world was flat, too, and look what he found
The world is flat, but I like to go long and short at the same time.
tar
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I agree
tar
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After baronjons seat ain't he...
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robster970
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robster970
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This is what we must do to attract Teh Leopard's attention whenever he is needed....
you used to able to lock in a low risk profit using the hedge facility a few years ago using the following strategy..
Lets say we had data due out and it was going to move the market in a big way in one direction or the other -
You take a long position and immediately hedge it (ok you pay the spread but that's OK).. you could attach guaranteed stop losses as close as you were allowed to both positions .. - number comes out and the market jumps 50 points higher.. your short is stopped out for say 20 points.. but your 50 points higher on your long! ker ching... sadly I cant find a spread betting company where that is possible anymore ! bstards closed my account but was a fair cop I guess!
That was the only use of that feature that I ever figured out.. try explaining the hedge feature to any trader outside the UK and they'll look at you like your insane!
Atilla
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Hi guys,
Hate to start it all over again but came across this article based on LV's link and it reminded me of this thread.
FYI -
q: you are known as a order book-scalper, could you please explaining to our readers what you are doing and what your strategies look like? what is your tactic?
a: it's some kind of market making where you place buy and sell orders simultaneously, making very short-term trading decisions b/c of certain events in the order book (level2). for example, I usually have lots of orders in different markets at the same time, pretty close to the last traded price. the resulting trades are usually a zero sum game, but I get a pretty good feeling for what is going on and then ultimately can make a decision for a larger trade.
http://www.trading-naked.com/paul_rotter.htm
Enjoy
Hate to start it all over again but came across this article based on LV's link and it reminded me of this thread.
FYI -
q: you are known as a order book-scalper, could you please explaining to our readers what you are doing and what your strategies look like? what is your tactic?
a: it's some kind of market making where you place buy and sell orders simultaneously, making very short-term trading decisions b/c of certain events in the order book (level2). for example, I usually have lots of orders in different markets at the same time, pretty close to the last traded price. the resulting trades are usually a zero sum game, but I get a pretty good feeling for what is going on and then ultimately can make a decision for a larger trade.
http://www.trading-naked.com/paul_rotter.htm
Enjoy
Shakone
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Hi guys,
Hate to start it all over again but came across this article based on LV's link and it reminded me of this thread.
FYI -
q: you are known as a order book-scalper, could you please explaining to our readers what you are doing and what your strategies look like? what is your tactic?
a: it's some kind of market making where you place buy and sell orders simultaneously, making very short-term trading decisions b/c of certain events in the order book (level2). for example, I usually have lots of orders in different markets at the same time, pretty close to the last traded price. the resulting trades are usually a zero sum game, but I get a pretty good feeling for what is going on and then ultimately can make a decision for a larger trade.
http://www.trading-naked.com/paul_rotter.htm
Enjoy
You evil man to start this again
Placing orders simultaneously long and short isn't the same as having an open trade long and short at the same time.
Atilla
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You evil man to start this again
Placing orders simultaneously long and short isn't the same as having an open trade long and short at the same time.
Hmm yes food for thought. Been discussing it and most say this guy should be banned.
I'm thinking it is more on the market manipulation side too and should be stamped out even if the system does lend it self to this kind of practice.
Shakone
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Didn't see a great deal of manipulation in the article, just tricking some order book traders into losing positions. Nothing wrong with that, imo.
random12345
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Agreed, manually 'spoofing' would take a great deal of skill and you are asking for trouble if you get it at all wrong. Plus there are limitations as to how realistically you could spoof in this way. Rotter wasn't flooding prices with large numbers of orders into an area he wanted to execute against.
An HFT can create what looks literally identical to strong demand and that's why algo spoofing is illegal.
L
Liquid validity
Hi guys,
Hate to start it all over again but came across this article based on LV's link and it reminded me of this thread.
FYI -
q: you are known as a order book-scalper, could you please explaining to our readers what you are doing and what your strategies look like? what is your tactic?
a: it's some kind of market making where you place buy and sell orders simultaneously, making very short-term trading decisions b/c of certain events in the order book (level2). for example, I usually have lots of orders in different markets at the same time, pretty close to the last traded price. the resulting trades are usually a zero sum game, but I get a pretty good feeling for what is going on and then ultimately can make a decision for a larger trade.
http://www.trading-naked.com/paul_rotter.htm
Enjoy
See the red highlight.
He wasn't long and short at the same time.
http://www.trading-naked.com/library/paul-rotter-trader-monthly.pdf
I can't copy paste an extract from that PDF as the text formatting is busted.
Screen shot below instead.
He was using limit orders - not market orders.
He did not have open positions long and short at the same time.
Although he may have done that with a long market on schatz and a
simultaneous short on bobl as an example, I don't know.
Point is he was never long and short in the same market with open trades.
He was basically pulling the p1sser of DOM traders.
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counter_violent
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genius
tar
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I wouldnt say "into losing positions" not necessairly ...
Atilla
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Intent to mislead (manipulate) market.
Genius in spotting a flaw in the system.
Pump and dump.
Fact that the system facilitates this kind of manipulation is a flaw imho.
Fact he spotted and made a million - dare I say well done. :cheesy:
