What is the biggest advantage a retail trader has over an institional trader?

[ChocolateDigestive]

It's a pity you can't listen to your own teachings when attempting to "spank a bucketshop".

You see my watch. That watch is worth more than your car.

 

[Ross Spur]

since you asked I will give you a tip. if you are watching the tape and you see a couple of equal odd lot trades go off simultaneously. This is something to look out for. so you might get 89 contract print off twice or rarely 3 times, this is a double or triple print. This is normally a specialist in the market who is working an order from 2 or 3 big clients. say the specialist is told to sell a large amount of stock by 2 clients, pension funds, hedge funds, whoever. as the specialist works the order throughout the day he will sometimes divide up what he can trade at the time equally between his clients. easiest to spot on a small cap stock with big pre market news. obv if you can spot this early in the day you can effectively 'front run' the huge order

good trading.

But if it's that easy to spot, why do they do it?

 

[robster970]

More often than not, I get what I ask for. The point is some people are showing their statements. It's a start. Perhaps one day people will feel left behind if they didn't. Isn't the live call thread a proforma statement of sorts ? Although a real and completed statement remains the most valid.

There is plenty of advantages for people showing, and I understand perfectly well some of the reasons why they might not want to show. I don't point a gun at anyone and say show or die. I doubt there are too many here who are making so much that they are afraid to show. Although I suspect there are many who are making so little that it would be embarrassing to show.

Without showing the performance indicators, discussing trading would be quite meaningless.

I suppose this really is down to what you believe creates the most value for you in learning how to trade. Personally I didn't need either live calls or statements. Practice was the order of the day. I found that emulating others was futile. Each to their own Joe - there is no right and wrong here, only opinion.

 

[robster970]

You see my watch. That watch is worth more than your car.

Isn't that a GSElevator gag with 'watch' replacing 'tie collection'

 

[BeginnerJoe]

But if it's that easy to spot, why do they do it?

Unless proven to be profitable, I would suspect insider manipulation. In other words, you would be seeing what they want you to see.

 

[tar]

But if it's that easy to spot, why do they do it?

+1

This strategy is called front running , it is not valid for manual retail traders setting in their home , that's the irony about the thread title , it should be called what is the biggest disadvantage a retail ...

Unless proven to be profitable, I would suspect insider manipulation. In other words, you would be seeing what they want you to see.

+1

 

[Ross Spur]

Unless proven to be profitable, I would suspect insider manipulation. In other words, you would be seeing what they want you to see.

Or you might be pretending you're seeing what they want you to see.

 

[tar]

High Frequency Trading Explained (HFT) - YouTube

 

[ChocolateDigestive]

+1

This strategy is called front running , it is not valid for manual retail traders setting in their home , that's the irony about the thread title , it should be called what is the biggest disadvantage a retail ...
+1

kinelll. I dont know why I bovver. absolute retards rampton.

1st up this is not a strategy. 2nd up this is not front running, front running is illegal. This i why I put front running in inverted commas. By 'front running' I meant a chance to buy early on in a trading session where you have a good idea that an institution is going to buy as lot of stock. You are actually finding where the money flow is and trading with that.

this is absolutely available for 'retail' traders at home. here is how:

step 1 - open up a 1 month free trial of esignal
step 2 - prior to the US open check a few website to see what news has hit small cap stocks
step 3 - watch the tape from open (you can even go through all the prints at your leisure later) and look for double prints.

obv you should only do this in small cap stocks with low daily volume, try doing it on Apple or something you are going to see a lot of noise.

dont research things on youtube its retarded.

 

[dazzer_fx]

kinelll. I dont know why I bovver. absolute retards rampton.

1st up this is not a strategy. 2nd up this is not front running, front running is illegal. This i why I put front running in inverted commas. By 'front running' I meant a chance to buy early on in a trading session where you have a good idea that an institution is going to buy as lot of stock. You are actually finding where the money flow is and trading with that.

this is absolutely available for 'retail' traders at home. here is how:

step 1 - open up a 1 month free trial of esignal
step 2 - prior to the US open check a few website to see what news has hit small cap stocks
step 3 - watch the tape from open (you can even go through all the prints at your leisure later) and look for double prints.

obv you should only do this in small cap stocks with low daily volume, try doing it on Apple or something you are going to see a lot of noise.

dont research things on youtube its retarded.

CD, is this the new best thing and are you actually going to give it go?
You bounce around more than a crack head on a pogo stick!

 

[counter_violent]

Here ya go Joe.

The Whipsaw Song - YouTube

 

[eighteen]

Ed seykota right lol the man is insane, but hey the markets don't do sanity, I think the inspiring thing from hums is his unrelenting self belief

 

[counter_violent]

Ed seykota right lol the man is insane, but hey the markets don't do sanity, I think the inspiring thing from hums is his unrelenting self belief

Well my observations thus far are that insanity and genius are not that far apart.

I don't know anything about Ed Seykota though.

 

[eighteen]

He's the guy from market wizards and a billionaire from trading lol, you should read his interview it's a great insight was one of the best interviews to read

 

[ChocolateDigestive]

CD, is this the new best thing and are you actually going to give it go?
You bounce around more than a crack head on a pogo stick!

Hey Dazzer

No this is not new and it's not something I currently use. The reason I don't use it is I don't want to get into pure tape reading. The guys into the pure tape reading will sit there and watch every single print in the first few hours, this can cause burnout. If I was in my early 20s then I would certainly spend more time being a pure tape reader.

I have 3 core strategies 1 momentum, 2 mean reverting 3 secret (think nazi box type) at present and I am trying to build up to 4 or 5 for diversification. Strategies can and will stop working so it's good to have diversity.

good trading.

 

[counter_violent]

He's the guy from market wizards and a billionaire from trading lol, you should read his interview it's a great insight was one of the best interviews to read

Well in that case, I will have read it. Was a while ago mind.

Did you notice in the wizards books that no 2 traders featured seemed to operate in the same way. They all brought something different to the table.

I guess subconsciously those stories were one of the reasons I decided to go my own way.
To me, it's the only way that makes sense.

 

[VielGeld]

Good stuff, Choco D. I can see where you're going with that.

I doubt I'd do it for the reason stated, namely that you'd be pouring over the tape 'til your eyes bleed. I tried that once with a different strat early last year where I'd need to keep staring at RSS news feeds for 13h straight/day for one specific piece of news and nearly died of boredom/frustration. If you blinked wrong, the opportunity was gone. Bleh. To the ditch with you!

I think it's easier to infer flow from an overall idea/view of the market rather than try to microanalyse data. Much easier on the nerves and a bit more fun.

Anyway, it's something to extrapolate from at least. Thanks!

 

[dazzer_fx]

Hey Dazzer

No this is not new and it's not something I currently use. The reason I don't use it is I don't want to get into pure tape reading. The guys into the pure tape reading will sit there and watch every single print in the first few hours, this can cause burnout. If I was in my early 20s then I would certainly spend more time being a pure tape reader.

I have 3 core strategies 1 momentum, 2 mean reverting 3 secret (think nazi box type) at present and I am trying to build up to 4 or 5 for diversification. Strategies can and will stop working so it's good to have diversity.

good trading.

I take it this means you actually tried reading DOM? Burnout is less likely if you
use a tool to monitor recent activity. Also, after time, manipulation becomes
easier to read and less stressful.

All the best, Dazzer

 

[eighteen]

Yeah like I said his unrelenting self belief was the only thing I could take from it everything else I took was few tips for finding stocks and stop losses, I think you have to play on your own strengths nobody elses

 

[ChocolateDigestive]

I take it this means you actually tried reading DOM? Burnout is less likely if you
use a tool to monitor recent activity. Also, after time, manipulation becomes
easier to read and less stressful.

All the best, Dazzer

I haven't tried reading the DOM as I find it meaningless. For one of my strategies I look at the order book but I only look the inside bid/ask. I would be glad if you could show me which tool you are using to read the DOM. as always I keep my mind open to new ideas.

caoi/