big problem Monday without floor traders on stock exchange??

Discussion in 'Wall St. News' started by NY_HOOD, Mar 20, 2020.

  1. NY_HOOD

    NY_HOOD

    monday will be the first day without any floor traders. Will the lack of floor traders cause selling to be worse?
    Im a bit concerned about this.
     
    murray t turtle likes this.
  2. Nah.
     
    murray t turtle likes this.
  3. We don't need floor traders. They are just an anachronism.
     
    KCalhoun likes this.
  4. Sig

    Sig

    I hate it when they send my SPX options to the floor, it's the kiss of death to the order and I have to kill it and resubmit it in smaller batches. Good riddance!
     
    FSU likes this.
  5. %%
    I guess, because of NYSE+ Nasdaq...past performance, it will be fine, liquid ETFs/liquid stocks.
    I took a profit on SRTY/semi liquid, wow bid/ask spread got wide past week LOL/true

    I have no idea on NYSE/low volume small caps
     
  6. KCalhoun

    KCalhoun

    Expect more cb 15minute halts, dead cat bounce monday, short squeeze tue, chop wed red th fri type of mkt

    halts are main pita since I set up many buy-stop orders before the bell, have to cancel all during halt & reset, since gaps

    Expect wider atrs, trading ranges and whipsaw volatility
     
    murray t turtle likes this.
  7. All the trading happens at Mahwah NJ. The floor traders are just for publicity.
     
    murray t turtle likes this.
  8. jinxu

    jinxu

    You're like 50% of posters who's making new thread and all of them are asking dumb questions. How is it that you have been here since 2007 and still don't know how the stock market works? That's over 10 years.
    Now I have to remind myself to ignore posts when I see your name
     
  9. %%
    I'm looking @ SPY X2 inverse, this week ;
    i have all the longs i want as of FRI/LOL. Each week is a new week for me...................................................................................:caution::caution: :caution::caution::caution::caution::caution:
     
    KCalhoun likes this.
  10. NY_HOOD

    NY_HOOD

    Jinxu
    Instead of ignoring me, just dont pay attention to me.
     
    #10     Mar 21, 2020