Flashboys was a truly fascinating book. I listened to it on the tractor. I had to keep backing it up and relistening to parts because I’d be like, “do what now? LOL”.
It’s like listening descriptions of ancient battles. Conceptually I know what’s happening , but I don’t know any of the names, formations, armpit weapons or context so it’s so foreign to me that it’s hard to visualize.
One of my favorite books.
And my broker was talking to me about similar weird shit happening on the minute charts in the grains. It’s no big thing for me but it’s hard for him to work in when it’s possible to get filled on these fishing exercises. [Reply]
Originally Posted by Buehler445:
Flashboys was a truly fascinating book. I listened to it on the tractor. I had to keep backing it up and relistening to parts because I’d be like, “do what now? LOL”.
It’s like listening descriptions of ancient battles. Conceptually I know what’s happening , but I don’t know any of the names, formations, armpit weapons or context so it’s so foreign to me that it’s hard to visualize.
One of my favorite books.
And my broker was talking to me about similar weird shit happening on the minute charts in the grains. It’s no big thing for me but it’s hard for him to work in when it’s possible to get filled on these fishing exercises.
Commodities markets are different in the way they’re structured, so you wouldn’t be subject to the same obviously bad behavior that the book chronicles in the equity market (which is pure thievery and pathetic in my view). But there absolutely are a lot of the same firms listed in that book (I happen work for one that touches tons of different things in financial markets and otherwise) who would be on the other side of a lot of your activity in grains by virtue of their role as market makers/liquidity providers. But I don’t think they’re taking advantage of you in such a brazen way.
Though I’ll give you an example of something that’s common to every futures market that can be thought of as a bit sketchy. If something is trading at 50.12/50.15 and there’s an average 10 on the bid and 10 on the offer and you have 100 to sell and offer them at 50.14, almost guaranteed the second you input your offer you’ll see a 50.13 offer show up right in front of you. If you cancel your order, that offer disappears. Put it back in and it populates again. And over and over again.
This is just the nature of ‘algos’ and how they operate in markets. It touches me as an institutional investor just as it would touch any retail investor.
And I focus primarily on interest rates so there was a fair bit in the book that was new to me as well. But the arms race for faster technology is something I’m well aware of and it’s absolutely fascinating. [Reply]
Originally Posted by TwistedChief:
Commodities markets are different in the way they’re structured, so you wouldn’t be subject to the same obviously bad behavior that the book chronicles in the equity market (which is pure thievery and pathetic in my view). But there absolutely are a lot of the same firms listed in that book (I happen work for one that touches tons of different things in financial markets and otherwise) who would be on the other side of a lot of your activity in grains by virtue of their role as market makers/liquidity providers. But I don’t think they’re taking advantage of you in such a brazen way.
Though I’ll give you an example of something that’s common to every futures market that can be thought of as a bit sketchy. If something is trading at 50.12/50.15 and there’s an average 10 on the bid and 10 on the offer and you have 100 to sell and offer them at 50.14, almost guaranteed the second you input your offer you’ll see a 50.13 offer show up right in front of you. If you cancel your order, that offer disappears. Put it back in and it populates again. And over and over again.
This is just the nature of ‘algos’ and how they operate in markets. It touches me as an institutional investor just as it would touch any retail investor.
And I focus primarily on interest rates so there was a fair bit in the book that was new to me as well. But the arms race for faster technology is something I’m well aware of and it’s absolutely fascinating.
Yeah, it's worrisome. I sit on a board of a company that does autohedging of grain. I turned them onto it. I don't know what their risk is, but I wouldn't want to be autohedging with massive swings on the minute chart periodically. I'd be the guy that gets fucked - EVERY TIME. [Reply]
Great day, but apes have to be prepared for another price drop. Just like the price manipulation that tanks the stock, the shitbags manipulate it going up as well hoping people will be relieved to finally see another good day and sell. Don't fall for it, just hold until its a price you feel is good enough for you to sell. I'm not selling for anything less than $100/share, and even then I'll probably only let half of them go. [Reply]
Originally Posted by MTG#10:
Great day, but apes have to be prepared for another price drop. Just like the price manipulation that tanks the stock, the shitbags manipulate it going up as well hoping people will be relieved to finally see another good day and sell. Don't fall for it, just hold until its a price you feel is good enough for you to sell. I'm not selling for anything less than $100/share, and even then I'll probably only let half of them go.
Originally Posted by lewdog:
I’m still one of the only ones who posts shit while they do it. I was 90% cash by Thursday and 100% cash by Friday close. Still trying to show this thread you actually need to follow a system of guidelines.
Originally Posted by BigBeauford:
Bailed out of virtually all my stocks Friday. Things have been feeling strange lately between inflation, the weird housing market, and Covid still not being over. Feeling okay about it today.
Dow up 500 yesterday and 250 today so far, trying to time the market is not a good strategy. [Reply]
Originally Posted by Hog's Gone Fishin:
Dow up 500 yesterday and 250 today so far, trying to time the market is not a good strategy.
I bought all my shares March 23rd, 2020, and flipped them last week for a 300% profit. I'll wait for the next big big dip in the market, but I'm definitely not into day trading. [Reply]
Been holding a heavy bag on VYGVF but it's having a good day. Seems to be tied to Bitcoin which is stupid. It's the most profitable company in the OTC market. [Reply]