Quote: (12-09-2012 01:42 PM)BIGINJAPAN Wrote:
HFT isn't a big concern unless you are holding a stock that they happen to crash. Hasn't happened to me. I was out of the country when the computers dropped the DOW a 1000 points.
HFT is used to scalp points. Doesn't affect me because I set my limit orders and don't go with market orders. Using a limit order I get the price I want on a given security.
I fully expect one day for HFT to fuck me over on a certain position but I know that going in, plus I have no more than 5% of my account in any one position. I also keep most of it in cash.
Just wanted to add that since HFT is for scalps, options traders are not really affected too much because we don't day trade or scalp.
Blog: Options Trading