|Money and Finance Because you have to save money to spend it on new paintball stuff!|
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|05-07-2013, 10:53 PM||#1 (permalink)|
I Am The Admin
High Frequency Trading [video]
An amazing video... Well worth the watch (actually it's more of a listen than a watch)
How High Frequency Trading Works, Trading Speed, and the Flash Crash - YouTube
|05-08-2013, 09:01 AM||#2 (permalink)|
Immune to sales tactics.
Join Date: Dec 2006
This is also why small time day trading is a loser's game: you are competing against "the machine" - millions of brilliant people with billions of dollars of SkyNet-like computer hardware. The CEO interviewed the video says it himself: the little guy can't compete anymore, they've been driven out and need to stop complaining about it.
Don't even try.
Most people would be better off just buy index funds (they both appreciate through capital gains and pay dividends of the underlying securities) which piggyback on total market growth - basically harnessing exactly what the above types are doing.
Caveat: once you know what you're doing (I'm lookin' at you Sniper97) there are other strategies such as value investing that go beyond index funds. They're still buy and hold, not day trading.
Last edited by CJOttawa; 05-08-2013 at 09:25 AM.