Trend trading your spot on
"Playing against a computer is a lose/lose game. You may find that you are the only human trader out there and the market depth is all fiction created by a computer program"
Hence my sometimes annoyance with this forum deal with it find another trade move on to something that if you have to hold you wont care holding for 6-12 months, playing small caps in this market is frankly stupid & of course the bots will pick up anything becuase the company the finaciers will not want it to go below a certain level hence stopping your losses for the ST than they take their profits on recovery than more sideways for the pleb that held for 3-12 months.
Factor, "I have to admit i'm waaay out of my depth, the proof is in the pudding (read as massive continuous losses) You can read all the books you like about elliot waves, fibocani, gann, etc etc"
Dont give up you seem passionate about the whole thing just forget about the ease TA followers/educators want you to believe the market exists on.
Find FA sound companies (research FA ratios) hold them buy or top up in down turn, this down turn just proves TA is rubbish & you should have a large list of fundamentally underpriced stocks that pay Divs in Sept ready to scoop up
Have you got one ??? or to busy looking at candles or gann & hoping they will work again those indicators you mentioned work better on large caps i have found they are pointless on small caps.
Trend trading "Super funds are the gravy that supports all this rorting"
to elaborate a bit more as someone mentioned naked short selling super funds & managed funds are usually buy & hold check your funds good luck working out what they do, but they lend stock they hold so companies can short they just have to give stock back at a certain date like NOW after the down turn. Read up get a SMSF min start up if your smart 50K
Hippo "Naked short selling is already banned in Australia. This is why CommSec stopped offering "day short selling" as it is naked."
yeah use CFDS Market maker been short on stocks & indices for weeks so i have been naked short seeling
Hippo "Funny, the ATO says super funds (certianly DIY) are not supposed to be traded frequently, I wonder how many big super funds do algo trading with their members' money"
ALL of them dont kid yourself all they gains of the year will be a loss come your statement in july.
Also I have a SMSF i can legally trade CFDS through it (I dont YET) also i can legally day trade week trade month trade etc etc No limits you just have to prove you are capable & you are following a plan playing with small caps is gambling 10% so be it
Good luck algo worriers
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