Could Daytraders ever replace market makers?

T

The Kin

I donno why the SEC tries to make it so hard for Daytraders - we provide liquidity! I wonder how the market would if daytraders were given the same powers and privileges as market makers however able to keep the current flexibility. (no forced bids/asks)
 
will daytraders ever replace market-makers?
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no. they don't understand markets from a market-making perspective -- they're more like market predators. no commitment to market integrity or depth -- only to picking it off.
 
Quote from aPismoClam:

...they're more like market predators. no commitment to market integrity or depth -- only to picking it off.
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I'm confused. Are you referring to day traders or market makers?
:D
 
Quote from Thunderdog:

I'm confused. Are you referring to day traders or market makers?
:D
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daytraders live to pick off marketmakers. no marketmakers, nothing for daytraders to pick off.
 
Hard to imagine that a group which almost always wins (Market Makers) could be replaced with a group which almost always loses (Day Traders).
 
Its funny to me, daytraders think they are providing a service, when they are just clogging up the market. Institutions on both sides would really like to see them gone. Do they really serve a purpose?
 
Quote from areyoukidding?:

Its funny to me, daytraders think they are providing a service, when they are just clogging up the market. Institutions on both sides would really like to see them gone. Do they really serve a purpose?
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Who among us in the market serves *any* purpose. Daytraders just add to the noise... which without them, there would still be plenty.
 
The way I see it, people making money contribute to the efficiency of the markets, people losing money pay the winners to keep it up. So yes, we all serve a purpose :)
 
Quote from kubilai:

The way I see it, people making money contribute to the efficiency of the markets, people losing money pay the winners to keep it up. So yes, we all serve a purpose :)
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What you discribe is "function"... which is different from purpose.
 
Quote from gnome:

Hard to imagine that a group which almost always wins (Market Makers) could be replaced with a group which almost always loses (Day Traders).
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:D :D :D

'nuff said.
 
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