here's an idea, genius. why don't you learn how to trade instead of bitching about the system, because i can sure as fuck guarantee your complaining isn't going to change the world, and you sure as fuck aren't going to become on of these "punk billionaires" by calling them names or whining about to all of us on this forum. we've got better things to do, like shorting the EUR. try trading forex, pin head, and get your ass handed to you by the big boys.
hey tricktrading, your days as an hft mobster are surely numbered. thus your overcompensating by attacking the messenger. make it fast, you're soon back to serving lattes to orange haired fan boys.
ok, jesus. sorry for taking the lord's name in vain. is this your 11th commandment? "thou shalt not trade to the fourth decimal point" ps. i'll have a half-caf, whipped soy latte with a vanilla shot. and don't forget the chocolate sprinkles or i won't leave 0.0025 in your tip jar, pretty boy.
daytraders are not cheaters and thieves. trading in .0001 to jump in front is pure bullshit, unless everyone can do it, no one should be able to do it. that any here would defend it , is proof they are scum. You know what we do with scum right?
Bullshit. Day-traders provide essential liquidity, offset risk, and ensure fairly priced markets. Thin markets dominated by a few large players are subject to cornering and gigantic, erratic moves. A CFTC study demonstrated high retail speculation associated with *decreased* market volatility/prices.
I did not read the whole thread... But the problem with HFT traders is that that by getting flash orders they get to front run the public and other institutions. Front running is not trading... under sound regulatory regimes it would be considered an illegal fraud on the market.