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> actually you are getting ripped in the electronic pit, at
> least recently a major firm changed ownership over night because
> they were caught stealing millions per day, front running.
Like you *aren't* getting ripped in the open outcry pit!?
I'm not talking theoretically here, Mark. I've compared the fills in
the ND pit to the fills in the NQ, side-by-side. On average I'm
getting $300-400 in extra profit on every trade by trading
electronically. I'm not stupid enough to throw away free money.
And I'd use the NQ and ES even if the fills were no better. I find
the electronic market much more transparent and easier to work with.
I don't have to worry about pit boys playing games with me. It's a
much more open and level playing field.
> sure they rip you in the big contract, they rip you in the
> small contract. your perception of what rip may not be a refined
> yet as it concerns the mini's. but whether you have gained this
> knowledge or not yet is not the question. the question is that
> if you need the money that you have been ripped to make a
> profit then something is wrong.
I don't believe I ever said I NEED the better fill to make a profit.
It just makes me MORE profit, and it does it better and faster with
less aggravation. What's not to like?
The only thing that bugs me about the electronic market is that it's
risky to use regular stops. Sometimes you hit air pockets of
liquidity and the market spikes more than it would in the pit. But
if you're aware of that, it's not that hard to work around.
Gary
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