077: Dennis Dick – How to be a Profitable Short-Term Trader in a High Frequency World
Chat With Traders
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How Scalping Has Changed in the Equity Markets
In 1999, 80 or 90% of your order flow went through on the New York stocks. Now there's 15 or 20% only going through that and 11 other venues where you know, these trades can transact. So really by me sitting out there with my 2450 bid, trying to make a market, I'm not getting the reward of getting the execution. The only time I get filled is when the offer blows through me at 2440. Not going to give my quote to lean on because they're using it against me. It's what I've done in my trading strategies - this is one thing I've done to survive in this world. And if I talk it too fast,
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