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- Joined
- Jun 25, 2005
- Messages
- 10,252
So the Fed raised rates, but as we can see now that was priced into the market ahead of time and so far only a slight whimper of volatility showed up.
I made some transactions in order to improve the tax efficiency of my portfolio, but did not change the asset allocation at all. I did feel like a high frequency trader though scalping a couple cents here and there.
For instance, I placed two orders at different brokers simultaneously: Sell VSS at one and buy VSS at the other. These are free trades for me at both. I used limit orders and placed the sell at 2 cents higher than the buy limit. And my orders were filled almost right away. I felt like I should just sell back and forth to myself with the same 2 cent "spread" all day long making a few bucks on every round trip. Or maybe I should have tried a 4 cent or 8 cent difference?
I wonder if this is legal, but I was providing liquidity as they say. The exact times of executions were different by tens of seconds, so I don't think I was actually selling/buying to/from myself.
But once again with no special news nor announcements on the horizon, I think the markets will just slowly churn along with a slight downward bias for a little while.
I made some transactions in order to improve the tax efficiency of my portfolio, but did not change the asset allocation at all. I did feel like a high frequency trader though scalping a couple cents here and there.
For instance, I placed two orders at different brokers simultaneously: Sell VSS at one and buy VSS at the other. These are free trades for me at both. I used limit orders and placed the sell at 2 cents higher than the buy limit. And my orders were filled almost right away. I felt like I should just sell back and forth to myself with the same 2 cent "spread" all day long making a few bucks on every round trip. Or maybe I should have tried a 4 cent or 8 cent difference?
I wonder if this is legal, but I was providing liquidity as they say. The exact times of executions were different by tens of seconds, so I don't think I was actually selling/buying to/from myself.
But once again with no special news nor announcements on the horizon, I think the markets will just slowly churn along with a slight downward bias for a little while.
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