Flash Boys HFT Conspiracy Fueled By Forbes And CNBC
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Flash Boys and Author Michael Lewis Are Back in The News
It's been a year since we were heartbroken by an article in Forbes proclaiming the Retail Trader was dead. Oddly, we're still here and frankly, trading has never been better. Now it may have something to do with the way the world defines a Professional Trader. Google > "Define Professional Trader" and you'll see our take on the matter is somewhat unique.
So even though we were proclaimed dead, everyone sang Danny Boy and much Irish Whiskey (Special Reserve) was put away that dreadful and dreary day. Turns out the worst part of it all was the hangover. We were supposed to be corpus delecti and yet we woke up, stumbled into the office and proceeded to trade and train our Partners just as we had a thousand times before.
How CFRN Emini Method® Profits From Flash Boys
Not only did we survive the news of our demise, I was motivated to pen an article - How CFRN Emini Method Profits From Flash Boys. I broke it down in plain english, no doubt saving Wall Street, Main Street and the Universe at large. Truth has that kind of power.
Certainly Michael Lewis made a pretty penny from the book. The folks that Co-Locate the Servers and sell the Fiber Optic did well also. Forbes actually sold a few magazines for a change and on the 1 year anniversary of the book's release (today), CNBC couldn't find anything else to talk about. Slow news day.
Where Are The Flash Boys Now
Last December I got curious and issued a B.O.L.A. on the Flash Boys. It was creatively called "Where are the Flash Boys Now?". I never got an answer. It was all part of this existential, rhetorical life I lead atop my ivory tower behind the fortified walls of the CFRN Compound.
Wherever they are, let us not forget the man who penned the original op-ed in Forbes. John Wasik said:
"Short-term trading is a loser’s game for most individuals. How can you compete against robots and ultra-fast fiber optics? You can’t. So forget about day trading. It’s a sucker’s game; even if you think you have the best information and insights in the world, you are not going to get a fair price. You can’t beat the machines."
I'm sure glad we didn't fall for that. I refuse to discuss his clever self plug at the bottom since I myself am a shameless hussy who self-promotes every opportunity I get. However, had we bought Mr. Wasik's tale of woe, none of these trade from today would have been possible.
CFRN Concierge Trade Alerts
Emaled to CFRN Partners and Clients as stated below:
Sunday Night Globex Open 03/22/15 10:45pm EDT ESM5 - long above 2104 or short below 2097 YMM5 - long above 18160 or short below 18045 RLMM5 - long above 1264 or short below 1260 Crude - Roll Forward to GCLK5 GCLK5 long above 46.30 or short below 45.50 6EM5 - long above 1.0910 or short below 1.0750 GGCJ5 - long above 1184 or short below 1176 ZBM5 - long above 164.14 or short below 163.23 ZSK5 - long above 9.86 or short below 9.66 |
S&P 500 Emini Futures 03/23/15
YM Emini Futures 03/23/15
Crude Futures 03/23/15
Russell Futures 03/23/15
Questions?
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