Stock Market is rigged! (fund, investor, cost, money)
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(Sigh.) If I had a dollar for every time someone whined about HFT on a forum...
Unless you're attempting to trade the very same SCALPS that they are, HFT should be about the LAST thing you should be worried about as a trader, and certainly as an investor. Other than increasing volatility at times--which can work for you as well as against you and all evens out--HFT generally affects US very little.
Worry instead about the things YOU do that hold you back as a trader/investor and stop blaming HFT, the market makers, the plunge protection team, Ben Bernanke, Barack Obama, and your bad hair day.
(Sigh.) If I had a dollar for every time someone whined about HFT on a forum...
Unless you're attempting to trade the very same SCALPS that they are, HFT should be about the LAST thing you should be worried about as a trader, and certainly as an investor. Other than increasing volatility at times--which can work for you as well as against you and all evens out--HFT generally affects US very little.
Worry instead about the things YOU do that hold you back as a trader/investor and stop blaming HFT, the market makers, the plunge protection team, Ben Bernanke, Barack Obama, and your bad hair day.
Well, he got his 15 minutes of fame, probably earns big deal of money as a result, but the general public got was anger. lol
Complainers keep on complaining, the money makers adapt, and keep on make money quietly. The difference between successful and non successful people.
If you spend all the time complaining and actually do something with it, such as work around it and learn, you will come ahead of all the other complainers who accomplish very little..
Remember the wall street protesters? what changes have we made?
Well I for one think it's nice to see that the market is rigged. Now I know every time I lost money it wasn't my fault. I'm an investing genius! It's just that the market is rigged.
HFT only 'works' because the exchanges have encouraged it., Take away the rebates which they pay, and the profitability of HFT disappears.
And by the way, as long as I am harping, what did the HFT 'problem' cost Mutual Finds last year? A few hundred million? Maybe a billion? That is peanuts compared to the underperformance of the majority of investment funds. You can't explain lagging the market by several hundred basis points by the few blips that HFT'ers are scalping off of their orders.
Don't forget, this is something which the investment managers wanted: direct market access. (look up Harold Bradley and American Century Funds--the 'Street' was ripping him off and he wanted to access the markets without an intermediary). They got it. Now, they don't like it so much.
Well, he got his 15 minutes of fame, probably earns big deal of money as a result, but the general public got was anger. lol
Complainers keep on complaining, the money makers adapt, and keep on make money quietly. The difference between successful and non successful people.
If you spend all the time complaining and actually do something with it, such as work around it and learn, you will come ahead of all the other complainers who accomplish very little..
Remember the wall street protesters? what changes have we made?
Fifteen minutes? LOL
Try 25 years.
Are you really that unfamiliar with who Michael Lewis is?
No wonder the normal joe isn't in the market like he was in the 1990's. It's like a dog trying to compete with a wolf to catch some prey.
Oh good grief, if someone trying to sell a book on TV is going to keep you out of the market you should probably be sticking with mutual funds anyway. A year ago today a "normal joe" could have bought DPZ on the open market, as much as they wanted all day long for around 50 bucks, could sell it today for around 79. A year ago today any "normal joe" could have bought FB on the open market, as much as they wanted all day long for around 25 bucks, sell it today for 64 bucks etc.etc. Normal Joe has nothing to worry about with HFT. Still plenty of quality investment opportunities for normal joe. No need to blame others for failures.
There only a few big players, privileged to have the higher speed to the trade.
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