High Frequency and algorithmic trading systems have changed the behavior of the markets,
making them much more volatile and more easily subject to manipulation. While the longer term direction of markets has not been affected, for traders there is no question that trading has become more challenging.
Knowledge of these systems and how they affect trading during the day is information that active traders need. HFT Alert software and chat rooms monitor the levels of algorithmic activity during the day via proprietary programs created by founder Steve Hammer.
While many searching for online trading solutions hope that HFT Alert will provide them with "red light/green light" signals, real traders know any service promising that information isn't worth a dime.
Longterm trading success comes from having an edge that no one else has. Our community members have found that edge every day by using HFT Alert software and chat rooms to determine things like when and which direction to trade, key characteristics of the current market environment, and what other market participants are doing.
I began my career in the securities industry in 1980 as a stock broker for several firms in Boulder and Denver, Colorado. During these years, I participated in investment banking, venture funding, wholesale market making and of course trading.
In 1990 I started an investment advisory firm here in Santa Barbara, Ca. focusing on growth investing. I started a pure technology fund during the bear market of 1994 believing that technology would be the driving force in our economy. CyberFund was one of the first crossover funds that invested both in public and private technology companies. I retired from the money management industry in 2003.
I have always been fascinated by price behavior and technical analysis. I designed all of the computer based analytical systems my firm used to manage over $250 million in our client portfolios. While we either added or removed core positions based upon the company's fundamentals, our software was responsible for telling us when to be buyers and sellers.
What makes my software so different is that it is not price based--no moving averages, no channels, no candlesticks and no trend lines or charts with lines moving out in all directions. My software is designed to identify reversals in price which lead to larger profits.
Based upon my experience in market making and as portfolio manager/trader, I designed software that could identify certain characteristics that appear in the tape. As market makers, we typically saw both sides of the trade, and as portfolio managers, we certainly knew which trades were ours. This information is there on the tape if you know what to look for. I designed the Accumulator in 1998 to read the tape in these ways and it has been working for me ever since, even more so now as HFT and algorithmic trading systems have turned the tape into a torrent of information.
In 2009 I started offering my software on a subscription basis to individual investors and traders. I began writing the Delineator Journal during the day to help my users learn how to use my software, its disciplines and provide insights into the market I've learned over 37 years.
My software takes time to learn and I am dedicated, as my users will tell you, to helping them be successful. If you're looking for a black box that spits out money, when you find it, please let me know. Being consistent is hard work and the only black box that does work is the one between your ears.
I have a diverse group of users, but we all share a common goal: Consistent profits. My Delineator and Accumulator programs have proven their worth to me since 1998, through all types of markets.
Chat Handle: @Sharkfin
I’ve been an HFTAlert power user since 2011-2012. I didn't follow what one would consider a traditional path to a career in the markets. I have been fascinated by them since a young age, and started actively trading when I was 18. In retrospect, the success I had then was pure luck...I had no idea what I was actually doing but somehow traded successfully for a 2 year period.
When I was 20, I took what I had made in the markets, moved to San Diego and started to build the life I thought I wanted. I got involved in real estate and within a few years found myself teaming up with one of the founders of Prudential California Realty in La Jolla. She had just recently sold the company to Berkshire Hathaway's Home Services. She kept her boutique office after the sale and it’s here where I really built my network and myself. Over the next 7 years real estate in La Jolla became my life, and as great as it was and as much as I learned over this time, I found myself becoming increasingly bored. The challenge was gone. I wanted to get back into the markets so I hounded my network of clients until I found a retired fund manager from New York who was willing to teach me.
The markets are a broad place, there are many different paths one can take to find success. For 2 years I learned how to raise capital for small companies and was involved in mergers and acquisitions. While this was new, exciting and challenging it wasn't quite what I was looking for. I wanted to trade.
I found HFTAlert on Twitter and knew instinctively that this is what I needed to align myself with and master if I wanted to make a career out of trading. It took 4 months of following before I picked up the phone and called Steve. We spoke for 2 hours. That day began my process of learning how to use the software.
This journey has been long, and at times difficult. Every time I got knocked down, I would tell myself "nothing good in life comes easy" and kept moving forward. I developed a strategy of trading long only options and had great success with it...until I didn't. From day one, Steve drilled into my head the key to long term success and consistency in the market is through bunts and singles. It took me 3 years of being stubborn and blowing up accounts to finally incorporate this into my trading, build discipline, and develop a true strategy.
I’ve been lucky in life to be able to position and surround myself with very successful people and learn from them. My path in trading has been no different. The markets are an amazing resource once you learn how to navigate them. I have learned more about myself through trading than any other thing I have done in life. It has shed light to my greatest strengths and my greatest weaknesses, and it’s this process that has gotten me to a point of what we're all looking for in the markets: consistent profits.