By Jea Yu
Praise for Way of the alternate + on-line Video Course
"Jea Yu's Way of the Trade deals critical investors a entire and compelling method of temporary buying and selling. Jea writes in a reader-friendly type, connecting marketplace realities with sound buying and selling strategies and threat administration thoughts. while you're devoted to succeeding within the buying and selling global, Way of the Trade belongs in your bookshelf."
—Toni Turner, President, TrendStar buying and selling crew, Inc.; writer of A Beginner's consultant to Day buying and selling Online and Invest to Win: Earn and hold earnings in Bull and endure Markets with the GainsMaster Approach
"In his new publication, Way of the Trade, Jea Yu does an excellent task explaining marketplace truths and offering the instruments useful for ecocnomic buying and selling. there's quite a bit invaluable details during this e-book, however the part on 'The five legislation of undefined' on my own is well worth the expense of this publication. A must-read for the intense trader!"
—Bennett A. McDowell, President, TradersCoach.com, and writer of The artwork® of buying and selling, A Trader's cash administration System, and Survival consultant for Traders
"Jea Yu's robust new ebook deals quite a lot of instruments, ideas, and insights to aid investors in any respect adventure degrees. Combining his targeted marketplace method with high-powered tape analyzing thoughts, Yu's well-written narrative provides serious-minded readers with a close street map to temporary profits."
—Alan Farley, Editor/Publisher, Hard correct Edge"Jea is just like the Kevin Smith of buying and selling. His wisdom and ancient standpoint are rivaled in simple terms by means of his ardour for the enterprise. From X-Men comics to Bloomberg inventory pickers, Jea takes you on a trip during the tradition and brain of a Wall road trader."
—Jeremy Frommer, CEO, Jerrick Ventures; former CEO of Carlin monetary crew; former Head of world major providers, Royal financial institution of Canada
"Jea Yu's newest masterpiece, Way of the Trade, illuminates a course of buying and selling luck applicable for brand spanking new hopeful investors and veterans alike. Way of the Trade encapsulates the strategic knowledge of sunlight Tzu with the fashionable road smarts of a industry grasp. Skillful use of buying and selling examples, besides classes of people who beat doubtless impregnable odds, make Way of the Trade quite tough to place down and very unlikely to not study from."
—Robert Weinstein, TheStreet.com contributor, founding father of Paid2Trade.com, and full-time dealer
Read Online or Download Way of the Trade: Tactical Applications of Underground Trading Methods for Traders and Investors PDF
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Additional resources for Way of the Trade: Tactical Applications of Underground Trading Methods for Traders and Investors
Example text
HFTs stuff the bids to knee-jerk buyers drumming up volume. 80 on no news or macro market movement. m. 90s as volume comes back down as HFTs walk away. The latecomers in the 29s pretty much got the rug pulled into the HFT riptide. This is what frustrates traders. Shorts got squeezed and late trend players got the rug pulled. So what is good about HFTs you might ask? How do you game the HFTs? 3 shows how we played GMCR’s perfect storm breakout. We were able to scale out into tremendous liquidity at higher prices all due to the magnifying impact of the HFTs.
True liquidity will absorb. This is why ECNs like ISLD and ARCA offer a rebate fee for those who buy on the inside bid and sell thereby providing liquidity. HFTs can swipe that liquidity in milliseconds or flash tons of inside bid/asks and never get hit since they can pull their orders faster than anyone can get filled. 18 Way of the Trade They have the speed (milliseconds), access (direct connect to exchange servers and dark pools), and capital to leapfrog regular orders and kidnap liquidity at blazing speeds, forcing buyers to bid up and chase entries or panic out on evaporating bids on exits.
This hollow core cracked during the Flash Crash of 2010 as the HFTs actually stepped away from the market, removing thousands of bids that never had any intention of buying. The crash was triggered by a fat‐fingered 75,000 contract S&P 500 futures sell order that actually spooked HFT programs to step out of the market and pull their bids, leaving only the stub bids priced way out of the market to get filled. 01! The Dow plunged over 1,000 points in four minutes! Their abuses were arrogant and reckless without restraint, and that violates the law of reciprocity.