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Started By
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Do "regular" day traders stand a chance with algorithmic trading?
Posted on 12/27/23 at 11:31 am
Posted on 12/27/23 at 11:31 am
Something like 85% of all trades in the stock market are done by automated trading software based on certain algorithms and they happen in fractions of a second. Do we have any day traders here and does the regular guy stand a chance in the market?
21
Posted on 12/27/23 at 11:34 am to sidewalkside
Don't even think about it.
Posted on 12/27/23 at 11:40 am to sidewalkside
quote:
regular guy
Regular guy? No.
Congress person with classified briefings and a cell phone? Whips those computers every time.
Posted on 12/27/23 at 11:42 am to sidewalkside
Nope
For more than just speed reasons too. The price you get isn’t as good as the price the bots get.
The book Flash Boys covers this extensively, by Michael Lewis (also wrote moneyball and the big short)
For more than just speed reasons too. The price you get isn’t as good as the price the bots get.
The book Flash Boys covers this extensively, by Michael Lewis (also wrote moneyball and the big short)
Posted on 12/27/23 at 11:42 am to sidewalkside
Ask me how I lost 50k
Posted on 12/27/23 at 11:43 am to sidewalkside
I thought all those people running around on csnbc when they ring the bell and all were day traders. The ones frantically looking at all those computers, what are they?
This post was edited on 12/27/23 at 11:45 am
Posted on 12/27/23 at 11:43 am to fareplay
However Dan Crenshaw is investing seems to work really well
Posted on 12/27/23 at 11:43 am to sidewalkside
I think with most trading platforms you have to maintain a higher balance 25k+ to be allowed to day trade
Posted on 12/27/23 at 12:07 pm to sidewalkside
yes you can make money if you make it your job. Plenty of people do it. if you treat it like sports gambling though you will lose
there are two proven ways to make money in the market:
1) buy the indexes on a regular basis and never look at them
2) learn options premium (and how/why they move) and day trade options
there are two proven ways to make money in the market:
1) buy the indexes on a regular basis and never look at them
2) learn options premium (and how/why they move) and day trade options
Posted on 12/27/23 at 12:09 pm to cgrand
also…most importantly
“day trading” does not mean you trade every day. It means you only hold your positions during trading hours. You get in, and get out
and you’d better have an appetite for paying taxes
“day trading” does not mean you trade every day. It means you only hold your positions during trading hours. You get in, and get out
and you’d better have an appetite for paying taxes
Posted on 12/27/23 at 12:17 pm to texag7
quote:
I think with most trading platforms you have to maintain a higher balance 25k+ to be allowed to day trade
On the Robinhood trading app, they won’t even let you daytrade unless you put in like 20k in your account.
Posted on 12/27/23 at 12:19 pm to sidewalkside
quote:ain't no regular guys posting on tOT Baw. You must be talking SEC Rant
the regular guy
Posted on 12/27/23 at 12:34 pm to JasonDBlaha
quote:
On the Robinhood trading app, they won’t even let you daytrade unless you put in like 20k in your account.
If putting in $20k to a trading platform gives you pause, you don't need to be day trading. I'm surprised it is that low.
Posted on 12/27/23 at 12:35 pm to Mushroom1968
quote:
I thought all those people running around on csnbc when they ring the bell and all were day traders. The ones frantically looking at all those computers, what are they?
Those are runners and they are obsolete.
Posted on 12/27/23 at 12:39 pm to deeprig9
quote:
If putting in $20k to a trading platform gives you pause, you don't need to be day trading.
Under 20k in your account isn't day trading as an income stream it is a hobby.
Posted on 12/27/23 at 12:39 pm to sidewalkside
Check out r/problemgambling. It’s supposed to just be a subreddit for people with casino/sportsbook problems, but over the past few years it’s become 50/50 with people who have lost everything in stock or crypto futures trading
Posted on 12/27/23 at 12:44 pm to texag7
quote:
think with most trading platforms you have to maintain a higher balance 25k+ to be allowed to day trade
You can use an all cash account to get around that. However people that have under that aren’t serious anyway with it.
Posted on 12/27/23 at 1:01 pm to sidewalkside
You will never beat the computers.
My advice is to get into margin trading with all your money and hit up the crypto exchange. Might as well go out with a bang
My advice is to get into margin trading with all your money and hit up the crypto exchange. Might as well go out with a bang
Posted on 12/27/23 at 1:26 pm to sidewalkside
"Day traders" is just a fancy term for people who gamble and go broke playing the stock market.
"Hedge Funds" mostly use computer algos to trade these days. I am sure personal knowledge trades still happen thanks to "insider knowledge".
But the average joe over any decent amount of time was going to lose big time money, trying to day trade. As with most "professional traders" as well.
History has shown to stick with low cost indexing unless you have a lot of capital to play with.
"Hedge Funds" mostly use computer algos to trade these days. I am sure personal knowledge trades still happen thanks to "insider knowledge".
But the average joe over any decent amount of time was going to lose big time money, trying to day trade. As with most "professional traders" as well.
History has shown to stick with low cost indexing unless you have a lot of capital to play with.
Posted on 12/27/23 at 1:27 pm to sidewalkside
No
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