hey HFT scum, yeah, you. Watch this

Quote from leerees:

I don't know why any human traders care about HFT, surely HFT's are only competing with other HFT's for minuscule arbitrage opportunities that the majority of us wouldn't be interested in???

fundamental traders blame swing traders, swing traders blame day traders and day traders now blame HFT, what's next HFT's blaming the laws of physics?!

The fact of the matter is there is no magical robot that sabotages your trades, think like a human and you've already out smarted HFT.
More...


A donkey is never able to catch the dangling carrot.
 
Brief read of the FC report indicates 'tards programming a sell bot was the prime culprit.

How many 'tards are out there as we speak?
 
*DJ Fear Of Canceled Trades Made Some Withdraw From Market During Flash Crash - Report
.

lol, no sh*t sherlock


thats prob the reason why they had such a wide band of no bust trades, to reward those that didn't hide under the covers.
 
Quote from stock777:

notice that as the evidence pours in and the heat gets turned up......

tj gets scarce.
More...

I figured he was just enjoying his weekend. Why are you here, you get Waddell and Reed'ed?
 
read it and weep tj, I hear hot dog stands aren't a bad biz, and low barrier to entry.

This “hot potato” volume is also very similar to what is known as “circular trading”. Circular trading is rampant in India and their regulators have been grappling with it for years. Circular trades happen when a closely knit set of market participants, mainly brokers, buy and sell shares frequently among themselves to effect a security price. These trades do not represent a change in ownership of the security. They are simply being passed back and forth to create the illusion of price movement and volume. “Hot potato” volume is not something that should be just overlooked as harmless since it is only HFT’s trading with each other. Their volume drives institutional decisions, albeit less so going forward, we hope. Most damaging though, is that hot potato volume lulls everyone into an illusion of healthy markets possessing liquidity, when in fact the markets have become shelled out and hollow.
 
Quote from stock777:

read it and weep tj, I hear hot dog stands aren't a bad biz, and low barrier to entry.

This “hot potato” volume is also very similar to what is known as “circular trading”. Circular trading is rampant in India and their regulators have been grappling with it for years. Circular trades happen when a closely knit set of market participants, mainly brokers, buy and sell shares frequently among themselves to effect a security price. These trades do not represent a change in ownership of the security. They are simply being passed back and forth to create the illusion of price movement and volume. “Hot potato” volume is not something that should be just overlooked as harmless since it is only HFT’s trading with each other. Their volume drives institutional decisions, albeit less so going forward, we hope. Most damaging though, is that hot potato volume lulls everyone into an illusion of healthy markets possessing liquidity, when in fact the markets have become shelled out and hollow.
More...


I have suspected this happens alot. A hedge fund with say 100 sub accounts using multiple strategies could trade with each other. I have no faith that regulators could stop this and see these fraudulent trades. I remember one day trading bidu I saw multiple offers and bids for 20,000 shares getting taken out back and forth. The stock barely moved 3 cents but about 160,000 shares of activity printed. I have been trading as a tape reader for a long time and some of the things I see lately seem shady.
 
You must log in or register to reply here.
Back
Top