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Here's an excerpt from the book: When it came to speed, the leading HFT firms invested hundreds of millions of dollars in computers, cable, and telecommunications equipment to ensure they could react first in what was often a winner-takes-all game. Exchanges charged tens of thousands of dollars...

TRADERS: The 'Flash Crash' arrest is a joke https://www.businessinsider.com/traders-think-arrest-is-a-joke-2015-4 Sarao's been charged on one count of wire fraud, 10 counts of commodities fraud, 10 counts of commodities manipulation, and one count of "spoofing". According to the complaint...

I'm not sure about that. I think we will go up to 3920 area tonight (last Thursday's high) and then retrace back down to 3900 or thereabout (where we're currently trading) before the market opens. So, in effect, ES will gap up about 30 points at the open. That will give further catalyst to push...

If Santa rally does materialize, we should go as high as 4040. The caveat is that we must first clear above 3920, and the sooner the better.

Man, you must have small balls. Sorry, couldn't resist. :D

Remember this was in 2010, only 2 years after 2008 crash. The market was still recovering and was very jittery. The daily trading volume for ES was pretty significant even then, which I was actively trading. There was no way a single individual could have essentially moved the market. This might...

Yup, I was there on the day of 9/11. I was there actively trading as the Lehman's downfall was announced on CNBC. I was even there on the day of Flash Crash (although I was luckily out of my position). I'm not suggesting that you're making this up. As I said, freak accidents do happen at times...

I'm sorry, but I don't buy it. I see spoofing still happening to this day, mostly by HFTs (from what I can tell). To say that a lone wolf trading from his mom's basement is solely responsible for the Flash Crash is little too much to stomach. Isn't that why CFTC decided to not press charges...

Oh, c'mon, there's no need to be a redneck. Hardison just lives in his own fantasy world, that's all. So let him enjoy his fantasy profit while it lasts.

I can't really comment, since I quit (day) trading stocks since the early 2000s. Back then, it was rather simple and straightforward. Now, with so many restrictions, short selling seems totally impractical. BTW they've introduced new rules and regulation to curb short selling after each bear...

You could have just said "It ain't what you can make. It's how much you can lose, stupid!" :)

Well, of course, but most (if not all) platforms that I've used so far had a "reverse" button to simply reverse position on the fly. Imagine sending two separate orders just to reverse in a chaotic market? That would be a nightmare. Edit: on second thought, I speak as a futures trader. So what...

Seriously, it took 25 minutes to close out your "market" order? :rolleyes: Kinda hard to believe but weird things do happen in the market.

You don't even need to do that. Why create two separate orders? Just enter one sell order for 20 shares at $110. (Well, cancel the child order first.)

LOL :D :D

How come Musk never hitched a ride up into space while both Bezos and Branson went up? Don't tell me he's scared like a little boy! :sneaky:

While that might be true, I don't think Gates trades independently using Robin Hood. He's employing some of the brightest minds in the industry, who probably are more privy to inside information (legal or not is beside the point). They don't need to time the market.

Why is he so damn concerned about what others are doing when HE himself is selling his own shares????????? :banghead: :banghead: :banghead:

Yeah, I'm a degenerate for sure :sneaky: but after looking at today's crazy price action, I changed my mind. It's this friggin' market that's the degenerate.