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Weekly Update: High Frequency Trading – Is It Right For You?

The markets opened up very weak today as more growing concerns in The Euro Zone and President Obama’s highly anticipated “job speech”. Not a lot of positive reasons to hold stocks over the weekend! Nowadays, bad news is almost every day and one bad piece of news over the weekend could collapse the markets even further!

Yesterday was contract rollover – our slowest day of the week. Normally when we rollover we expect razor thin volume as traders are still unraveling their positions on the September contract and moving over to December. Most liquid high frequency traders simply start flat at the opening bell on the new contract. Its normally like watching paint dry and yesterday was no different. However, still a very profitable day – just slow.

The week overall has been an awesome week. We are continuing our trading style from August. Normally – trade for income. However, with all the volatility we are targeting more than DOUBLE our normal “income” of 1 point. We are seeing 2 – 7 points a day, and that’s in 20 -30 minutes a day! We are ready for the volatility to come back down and “go back” to trading for income, although we definitely like making more when the opportunities exist – and the way I see it, the volatility probably will not be going down any time soon so we will continue to “kill it” and make some very nice profit day trading the S&P Futures!

Give us a look and see if high frequency trading is right for you! Enjoy the weekend!

Cheers!
David Marsh
ETS

 

This entry was posted on Friday, September 9th, 2011 at 6:47 pm and is filed under High Frequency Trading 9/9/2011.
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