No more bullets per sec

Discussion in 'Order Execution' started by Turlo, Nov 18, 2003.

  1. No, when daytraders leave in droves, and thereby take their LONG AND SHORT positions with them, then liquidity will dry up. And the fact is, no daytrader can make a stock go where it wasn't gonna go anyhow. The company has fundamentals, and the institutions, funds, and specialist determine the direction. Daytraders just try to ride the wave. Nothing unreasonable about that. But now the sec will have lower revenue from taxing daytraders, which will mean they'll have to raise the sec fee as liquidity goes down. How rediculous. They just want to pretend as though they're doing something significant, since the sec didn't do a damn thing all this time on all the criminal accounting, reporting, late trading, and much more that's been right in front of their face.
    #11     Nov 18, 2003
  2. Can't believe how long it took those shmucks to close the loophole.
    #12     Nov 18, 2003
  3. Now, whats the penalty if you are caught, and how do they propose to catch someone using a conversion? Or is it the honor system?
    #13     Nov 18, 2003
  4. okwon


    What will happen to all the daytraders that step in front of market shorts? This was the main strategy at some of the prop shops I've seen.
    #14     Nov 18, 2003
  5. burnin


    no question this will seriously put crimp in this strategy,, also looks like the party is over for many news plays
    #15     Nov 18, 2003
  6. taodr


    Be warned they will fuck around with e-mini's next.
    #16     Nov 18, 2003
  7. not a good idea to try and "get away with it"'s a done deal...time to figure out how to trade without it.
    #17     Nov 18, 2003
  8. Magna

    Magna Administrator

    1. What exactly am I supposed to do with your warning, can I trade it. :)

    2. The SEC doesn't oversee or administrate the eminis.
    #18     Nov 18, 2003
  9. Look on the bright side, maybe a legitimate short at a decent price will be easier to get , now that you dont have the props porking the bid en masse. Then again, maybe not.
    #19     Nov 18, 2003
  10. taodr


    Margins are going to change considerably/ Will need $25,000 min to trade. Enough said.
    #20     Nov 18, 2003