Comments on: High Frequency Trading in Jobless Recovery

By: Dasan

Dasan — Thu, 15 Oct 2009 18:39:29 +0000

Just want to clarify that short-term trading can be viable. I’m just not a big believer in “day-trading” which generally is defined as trading intra-day only, trying to make a few ticks, and being “flat” overnight. Short-term trading based on your knowledge of specific commodities, interest rates, or options makes a lot more sense to me. And I’ve noticed that successful people at it like A. Davian (who posts his trade results for all to see on his website) use a lot of risk controls, or option strategies. Just my thoughts – as always, I could be wrong.

By: Davian Letter

Davian Letter — Tue, 13 Oct 2009 15:56:30 +0000

Dasan is first class all the way and I agree about his day trading comment. They all claim to make these fantastic trades, but even if it is true, pennies maybe a dollar. While I short-term trade in some aspects (from OPEX to OPEX) you need a longer-term horizon.

By: Dasan

Dasan — Tue, 13 Oct 2009 15:45:57 +0000

I would caution people that short-term trading, aka “daytrading” is extremely difficult to do profitably. It works great in an upmarket, except that it misses a good portion of the up move. I still believe, after 20 years on the street, that picking good quality “superstar” stocks of world-class companies and letting your winners run is the best way to do it. (its not as fun as day-trading, though). It is NOT a coincidence that Warren Buffett, the world’s richest man, invests in stocks this way. Last time I looked at the Forbes list, I did not see a single day trader on it.

By: Kevin M. Hughes

Kevin M. Hughes — Mon, 12 Oct 2009 16:26:23 +0000

I never liked high frequency trading… it will ruin the markets IMO… THANKS FOR MENTIONING ME!