I want to make a lot of money fast

[cutz]

I think you are right, however, if you are privy or can process information faster than the average joe - as these high frequency traders may be able to do, it givest them an edge.

Yeah,

But as a retail trader using a retail broker the edge you are describing can never be obtained.

 

[LifeChoices]

Yeah,

But as a retail trader using a retail broker the edge you are describing can never be obtained.

Ok, but you got to start somewhere.

I had a very relaxing weekend - I went on a Tuna fishing charter in Portland. Anyway, while staying in my 3 star hotel, and panicking about the blood from my tuna catch going all over the bathroom, my first High Frequency Trading idea came to me.

I'd like to know all the stocks that are trading currently above 1M per day that have more buyers than sellers, where the stock is priced at around 0.30 so that small fluctuations translate into bigger percentages.

I'd like to know this information - so I could focus on these stocks closely with the hope of buying low and sell bigger maybe in the same day or maybe a week later. I'm confident I can scrape this data using my comsec account.

If you could scrape real-time data, what signs would you guys look for?

 

[white_goodman]

Ok, but you got to start somewhere.

I had a very relaxing weekend - I went on a Tuna fishing charter in Portland. Anyway, while staying in my 3 star hotel, and panicking about the blood from my tuna catch going all over the bathroom, my first High Frequency Trading idea came to me.

I'd like to know all the stocks that are trading currently above 1M per day that have more buyers than sellers, where the stock is priced at around 0.30 so that small fluctuations translate into bigger percentages.

I'd like to know this information - so I could focus on these stocks closely with the hope of buying low and sell bigger maybe in the same day or maybe a week later. I'm confident I can scrape this data using my comsec account.

If you could scrape real-time data, what signs would you guys look for?

oh lawd

 

[Agentm]

hmmm

blood of tuna does that...

the smell of the kill.. the injection of the adrenaline.. i hear it immediately reminds one of high frequency trading..

last time i had blood from tuna all over me, and all over the floor i really became inspired..

 

[LifeChoices]

I know where you're coming from - is that you in the middle?

 

[mazzatelli]

Wasn't in his first year, was a bit sketchy on the details and had to check. Roughly $26mill in 4-5 years

Thanks, its rare 1st year grads amass that amount unless they are a prodigy, and in Australia too. $26MM in 4-5 years sounds right.

Right... silver bullets for werewolves, timber stake for vampires. Got my monsters mixed up.

What should I hold to use against heavily in-debt radioactive ex-investment bankers?

Women who frequent The Establishment and The Ivy.

Thanks for the link skyQuake. I've started asking myself the same types of questions. As I'm am able to scrape mass data, exactly what data is is going to be of interest and will need further drilling down.

If you did read the link and its content, then your data "scraping" is a far cry from HFT.

 

[ChaoSI]

What should I hold to use against heavily in-debt radioactive ex-investment bankers?

Women who frequent The Establishment and The Ivy.

Did you hear about Silver brand condoms for the woman who wants her man to come second?

Brilliant !! made my monday just have to wait for work to ruin it hahahah but then it IS a super long weekend this time..... so can't really be that bad right?...

Hate to tell you, but the only thing they have in reserves (and backing our currency) is more currency.

You want gold, rob the Perth mint

noted, i'll give them a ring and ask about their security arrangements... anybody else in?


Lifechoices: how did u do that to your phone? an app or a custom thing that you did?

correct me if i'm wrong, but HFT requires that you have a decent amount of money to be throwing down at any one time waiting for that .. 0.01 increase or whatever? i mean it does have to offset that (expensive) commsec brokerage right?

 

[nomore4s]

This thread is truly a laugh.

I'd like to know all the stocks that are trading currently above 1M per day that have more buyers than sellers, where the stock is priced at around 0.30 so that small fluctuations translate into bigger percentages.

I'd like to know this information - so I could focus on these stocks closely with the hope of buying low and sell bigger maybe in the same day or maybe a week later. I'm confident I can scrape this data using my comsec account.

If you could scrape real-time data, what signs would you guys look for?

Wow, so many things that truly highlight the lack of understanding about what you are trying to do all in the one post, at least you're efficient. Any chance of actually doing some research? Instead of just posting half baked ideas on a forum!

 

[Sir Osisofliver]

Ok, but you got to start somewhere.

How about with some education, because what you don't know in this game can hurt you.

I had a very relaxing weekend - I went on a Tuna fishing charter in Portland. Anyway, while staying in my 3 star hotel, and panicking about the blood from my tuna catch going all over the bathroom, my first High Frequency Trading idea came to me.

I'd like to know all the stocks that are trading currently above 1M per day that have more buyers than sellers, where the stock is priced at around 0.30 so that small fluctuations translate into bigger percentages.

Buyers = Sellers how can it be any other way? A transaction only occurs when a price is matched and a buyer and a seller come together. Physical numbers of buyers and sellers is largely irrelevant, because a large institutional transactions can absorb the volume of a number of smaller transactions and there is also hidden volume not displayed in the depth screen. What you are talking about is buying and selling pressure. An appreciation of the pressure is given by the use of technical analysis - how much about technical analysis do you know?

I'd like to know this information - so I could focus on these stocks closely with the hope of buying low and sell bigger maybe in the same day or maybe a week later. I'm confident I can scrape this data using my comsec account.

If you could scrape real-time data, what signs would you guys look for?

High Frequency trading is based upon the exact same methodology as normal trading...the only difference is the frequency - the number of transactions. So you need one thing...a system that consistently returns positive numbers after expenses. Otherwise all you have done is found a way to lose money faster. Get your system working right before you try to get fancy.

If I'm trying to use a piece of software to look for a trade for me I would look for three things...

1) Pivot turning points in the price action or breakout positions from compound consolidation points.

2) Recognizable pattern formation - Flags, Wedges, Triangles , H&S, Planes of resistance and support etc.

3) Confirming indicators - in the market most suited to them. Strongly trending = MA, Sideways trending = Stochastic Oscillators (but only for entry), Fibonacci/EW/GANN - where appropriate (probably not suited for the type of trading you mentioned).

That by the way is a ranked list - Price action is KING, Patterns a close second and INDICATORS (which is what software in a lot of circumstances scan for) is third and only used for confirmation of the previous two.

Do you see the difficulty in getting a computer to work through the permutations in the above requirements?

Good Luck

Cheers

Sir O

 

[Tysonboss1]

Lifechoices, I have sent you a PM.

 

[kingcarmleo]

fast money=risk.

 

[burglar]

When I dropped into ASF, I was in a tight spot! *understatement*

Where did I go wrong?
Can I stop the rot?
Can I regain my losses?
How do I prevent reoccurrence?
Do I need a new plan ... or a band-aid?

I found answers, lots of answers!
I will sift though them and find what's right for me!

 

[LifeChoices]

I'm hearin' you bangin' on about book learnin' and all that.

I'm currently making some serious cash here betting - i mean investing - on runaway freight trains using half baked logic derived from conspiracy theorists saying the US dollar is about to collapse.

Some of you guys are talking to me like I killed that Lindberg Kid, give me a break - it's not as if I posted this in the "Experts Lounge".

BTW - turned over another nice profit selling the Tuna in Springvale this morning - win win.

 

[prawn_86]

This guy has to be taking the p1ss surely. First thing i thought when i saw the inititial post, hence why I haven't commented until now

 

[burglar]

This guy has to be taking the p1ss surely. ...

He has polarized the gallery

 

[Julia]

This guy has to be taking the p1ss surely. First thing i thought when i saw the inititial post, hence why I haven't commented until now

+ 1

 

[LifeChoices]

This guy has to be taking the p1ss surely. First thing i thought when i saw the inititial post, hence why I haven't commented until now

What do you mean taking the piss?

I just did what anyone else here does - being a newbie - I studdied the forum for a couple of days then created a post and put my half baked thoughts in the appropriate place (beginners lounge). Lots of half baked thoughts throughout this forum and most others for that matter.

Anyway, it's all good - I learnt heaps from this: ie telling chicks that you are a High Frequency Trader sounds way cooler than a boring Day Trader. What's the big deal in having a bit of fun while learning?

You don't need to be a member of MENSA to work out what a joke is - well done anyway on blowing my cover.

 

[Sir Osisofliver]

I'm hearin' you bangin' on about book learnin' and all that.

I'm currently making some serious cash here betting - i mean investing - on runaway freight trains using half baked logic derived from conspiracy theorists saying the US dollar is about to collapse.

Some of you guys are talking to me like I killed that Lindberg Kid, give me a break - it's not as if I posted this in the "Experts Lounge".

BTW - turned over another nice profit selling the Tuna in Springvale this morning - win win.

Lifechoices,

It's because your original post is.... indelicate. You are saying that you want to (and have managed to recently) make a motza on a speculative share. CONGRATULATIONS!

But many of your fellow posters (myself included) have spent literally decades in building their skill into a consistent and enduring method of wealth creation. We've done the hard yards and logged the hours behind screens to get to where we are now and one thing we know is...for the vast majority of people...get rich quick schemes are value destroying.

We've been where you are and we shake our heads because in many instances it's the guy that starts playing with speculative shares and makes money initially that ultimately self destructs in the most spectacular ways. The initial flush of success can be more damaging than if you had just lost a motza on speculative shares because now the positive reinforcement of your first speculative trade is embedded in your psyche...and you want more. You're hungry for it. Your gagging for it like a strung out hooker looking for a noseful of cocaine. You're like the guy that goes charter fishing for the first time ever, lands a 17ft long blue marlin and turns to the other serious fisherman and says..."Gee this fishing thing is easy..."

At this point in time Lifechoices, it is clear you are betting....and the house (which in this case is the market) always wins.

Good luck.

Cheers

Sir O

 

[skyQuake]

You're like the guy that goes charter fishing for the first time ever, lands a 17ft long blue marlin and turns to the other serious fisherman and says..."Gee this fishing thing is easy..."

I have this sudden urge to do just that

 

[Gringotts Bank]

Lifechoices,

You're like the guy that goes charter fishing for the first time ever, lands a 17ft long blue marlin and turns to the other serious fisherman and says..."Gee this fishing thing is easy..."

Sir O

For some people, it is easy. Not only do they catch a huge fish on their first outing, they can do it most trips they take, and with no training, leaving the seasoned veterans bitter ans twisted! Don't assume that because you have 10+ years study that everyone else must do the same.