Contributor at Return of Kings. I got banned from twatter, which is run by little bitches and weaklings. You can follow me on Gab.
Be sure to check out the easiest mining program around, FreedomXMR.
Quote: (04-04-2014 12:23 PM)berserk Wrote:
The real crime is actually not in the act itself but the concerted effort to mislead the public.
Quote: (04-04-2014 02:10 PM)Giovonny Wrote:
Quote: (04-04-2014 12:23 PM)berserk Wrote:
The real crime is actually not in the act itself but the concerted effort to mislead the public.
The public should be well informed.
I remember a savings and loan scandal in the 1980s
Some guy was selling junk bonds in the 1990s (Micheal Milken?)
Bernie Madoff, Enron, etc., etc,
The bank fraud of 2008.
Goldman Sachs has been exposed many times in the media.
I don't even follow this stuff and I could figure it out.
The general public is stupid. That's the bottom line. Wall Street takes advantage of stupid, uneducated, uniformed people.
Quote: (04-04-2014 02:58 PM)Lou pai Wrote:
Samseau, you can trade more than 3 or 4 times a day as an individual if you have more than 25k in your account. It's called the pattern day trading rule.
HFT spend millions of dollars on technology but you think you should be able to log on to an etrade account and compete with them.
Also HFT firms do lose, a lot of them have gone out of my business in the past few years
Quote: (04-04-2014 02:58 PM)Lou pai Wrote:
Samseau, you can trade more than 3 or 4 times a day as an individual if you have more than 25k in your account. It's called the pattern day trading rule.
HFT spend millions of dollars on technology but you think you should be able to log on to an etrade account and compete with them.
Also HFT firms do lose, a lot of them have gone out of my business in the past few years
Quote: (04-06-2014 04:05 AM)ElBorrachoInfamoso Wrote:
The HFT haters are just following the old "my pussy hurts" pattern that haters follow whenever someone comes along with a new and better method of doing something.
The finance types who were doing better under the old system are just throwing shit at HFT because anti-HFT (i.e. protectionist) policies would benefit them. They're like horse and buggy dealers hating on the new, unfair automobile.
The rest are just garden variety haters that pop up whenever someone makes a fair dollar off of their own ingenuity.
Quote: (04-06-2014 04:05 AM)ElBorrachoInfamoso Wrote:
The HFT haters are just following the old "my pussy hurts" pattern that haters follow whenever someone comes along with a new and better method of doing something.
The finance types who were doing better under the old system are just throwing shit at HFT because anti-HFT (i.e. protectionist) policies would benefit them. They're like horse and buggy dealers hating on the new, unfair automobile.
The rest are just garden variety haters that pop up whenever someone makes a fair dollar off of their own ingenuity.
Quote: (04-06-2014 11:19 AM)Cattle Rustler Wrote:
HFT guys are red pill, they have no qualms about crushing the weak and making the most they can in this capitalistic society. If I had an advantage, I would use it too and y'all would too.
Giving everyone an equal change sounds pretty feminist.....not to mention your average joe will think he's George Soros and burn his account through a day trying to game the system.
There's no need to hate on the rich, guns are to be used for defense....not killing our job creators.
Quote: (04-06-2014 11:19 AM)Cattle Rustler Wrote:
HFT guys are red pill, they have no qualms about crushing the weak and making the most they can in this capitalistic society. If I had an advantage, I would use it too and y'all would too.
Giving everyone an equal change sounds pretty feminist.....not to mention your average joe will think he's George Soros and burn his account through a day trying to game the system.
There's no need to hate on the rich, guns are to be used for defense....not killing our job creators.
Quote:Quote:
There's no need to hate on the rich, guns are to be used for defense....not killing our job creators.
Quote: (04-06-2014 11:25 AM)scorpion Wrote:
Quote: (04-06-2014 11:19 AM)Cattle Rustler Wrote:
HFT guys are red pill, they have no qualms about crushing the weak and making the most they can in this capitalistic society. If I had an advantage, I would use it too and y'all would too.
Giving everyone an equal change sounds pretty feminist.....not to mention your average joe will think he's George Soros and burn his account through a day trying to game the system.
There's no need to hate on the rich, guns are to be used for defense....not killing our job creators.
Here's my new business idea: every time you deposit a check at the bank, my automated software takes 1% of it and deposits it into my account.
If I can secure this advantage for myself, it's my prerogative to use it, regardless of how you feel about it.
Fuck yeah, job creation!
Quote:Quote:
A few nights ago, CBS's "60 Minutes" provided a forum for author Michael Lewis to announce that Wall Street is "rigged" and for the sponsors of a new trading venue called IEX to promise to unrig it. The focus of the TV segment was high-frequency trading, or HFT, an innovation now over 20 years old.
The stock market isn't rigged and IEX hasn't yet generated a lot of interest. In our profession, what we saw on "60 Minutes" is called "talking your book"—in Mr. Lewis's case, literally.
The onslaught against high-frequency trading seems to have started about five years ago when a blogger made a wildly exaggerated claim about one firm's HFT profits. Nowadays after any notable market event, and again last Sunday for no reason other than a book launch, the world gets bombarded with arcane details and hyperbolic assertions about HFT strategies. If you find the discussion overwhelming, we have some good news: The debate can be understood without knowing how equity orders are routed, matched or canceled.
Quote:Quote:
Our firm, AQR Capital Management, is an institutional investor, primarily managing long-term investment strategies. We do not engage in high-frequency trading strategies. Here is where our interest lies: What is good for us is lower trading costs because it translates into better investment performance and happier clients, which makes our business slightly more valuable.
How do we feel about high-frequency trading? We think it helps us. It seems to have reduced our costs and may enable us to manage more investment dollars.
Quote:Quote:
Much of what HFTs do is "make markets"—that is, be willing to buy or sell stock anytime for the cost of a fraction of the bid-offer spread. They make money selling at the offer and buying at the bid more often than they have to do it the other way around. That is, they do it the same way that market makers have done it since they were making markets in Pompeii before Mount Vesuvius halted trading one day. High-frequency traders tend to do it best because their computers are much cheaper than expensive Wall Street traders, and competition forces them to pass most of the savings on to us investors. That also explains why many old-school Wall Street traders hate them.
Quote:Quote:
Some of the loudest complaints about high-frequency trading come from the slower traders who used to win the races.
Quote:Quote:
How HFT has changed the allocation of the pie between various market professionals is hard to say. But there has been one unambiguous winner, the retail investors who trade for themselves. Their small orders are a perfect match for today's narrow bid-offer spread, small average-trade-size market. For the first time in history, Main Street might have it rigged against Wall Street.
Quote: (04-06-2014 11:48 AM)ElBorrachoInfamoso Wrote:
The onslaught against high-frequency trading seems to have started about five years ago when a blogger made a wildly exaggerated claim about one firm's HFT profits.
Quote:Quote:
How do we feel about high-frequency trading? We think it helps us. It seems to have reduced our costs and may enable us to manage more investment dollars.
Quote:Quote:
Much of what HFTs do is "make markets"—that is, be willing to buy or sell stock anytime for the cost of a fraction of the bid-offer spread. They make money selling at the offer and buying at the bid more often than they have to do it the other way around. That is, they do it the same way that market makers have done it since they were making markets in Pompeii before Mount Vesuvius halted trading one day. High-frequency traders tend to do it best because their computers are much cheaper than expensive Wall Street traders, and competition forces them to pass most of the savings on to us investors. That also explains why many old-school Wall Street traders hate them.
Quote:Quote:
Some of the loudest complaints about high-frequency trading come from the slower traders who used to win the races.
Quote:Quote:
How HFT has changed the allocation of the pie between various market professionals is hard to say. But there has been one unambiguous winner, the retail investors who trade for themselves. Their small orders are a perfect match for today's narrow bid-offer spread, small average-trade-size market. For the first time in history, Main Street might have it rigged against Wall Street.
Quote: (04-06-2014 11:47 AM)Cattle Rustler Wrote:
Quote: (04-06-2014 11:25 AM)scorpion Wrote:
Quote: (04-06-2014 11:19 AM)Cattle Rustler Wrote:
HFT guys are red pill, they have no qualms about crushing the weak and making the most they can in this capitalistic society. If I had an advantage, I would use it too and y'all would too.
Giving everyone an equal change sounds pretty feminist.....not to mention your average joe will think he's George Soros and burn his account through a day trying to game the system.
There's no need to hate on the rich, guns are to be used for defense....not killing our job creators.
Here's my new business idea: every time you deposit a check at the bank, my automated software takes 1% of it and deposits it into my account.
If I can secure this advantage for myself, it's my prerogative to use it, regardless of how you feel about it.
Fuck yeah, job creation!
Go ahead, do it. I'll be a dumbass if I use a bank with your software....but if I do, then I deserve to get played by the game.