Could Daytraders ever replace market makers?

Quote from gnome:

What you discribe is "function"... which is different from purpose.
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nice distinction, there.

depth of participation is a factor. will daytraders be there in the tough times? not-a-chance. they're not market makers, they're market opportunists.
 
what happened to your "positiveness" from the other thread( 10% of traders make big bucks)?


this is for areyou kidding poster?
 
Quote from aPismoClam:

nice distinction, there.

depth of participation is a factor. will daytraders be there in the tough times? not-a-chance. they're not market makers, they're market opportunists.
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considering those posters who gripe about the $25000 minimum for patterned day traders you are right.

it also depends what you mean by tough times. for some posters it mean being down a couple of hundred.

in truely tough times specialists and market makers are no different. they back away usually claiming that communication lines are down
 
Quote from 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)
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do you know the" powers and privileges" that market makets have. can you list them. i doubt it. do you know the capital requirements of market makers. are you familiar with the regulatroy oversight which exist for marketmakers.

believe me i am no fan of market makers who would generally sell their mothers for a teenie when there were fractions and now for a penny or less.
 
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