Mark Cuban breaks one of tradings golden rules

Quote from LVMises:

He preserved his fortune on the backs of market makers and traders who provided him liquidity on his Yahoo collar, then proceeds to speak out against them.
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Your winning trades are facilitated on the backs of market makers or other traders providing you liquidity. And you are also entitled to speak out against whoever may be on the other side of your trade, whether it be true statements or unfounded ad hominem.
 
Quote from LVMises:

http://investmentxyz.blogspot.com/2006/05/cubans-collar-anatomy-of-famous-trade.html

Cuban is one of the biggest hypocrites out there. He preserved his fortune on the backs of market makers and traders who provided him liquidity on his Yahoo collar, then proceeds to speak out against them.

http://blogs.wsj.com/deals/2010/08/24/why-mark-cuban-hates-the-stock-market/


Why this guy doesn't get called out on tv is beyond me. His rhetoric makes me sick
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Yup, he also wants a FTT to "tame" the market. LOL, if there was an FTT with his yahoo deal, I guarantee he would not have the same valuation or liquidity to short against his yahoo stock and liquidate it all.
 
I thought it was telling that he went on national TV and said "I was wrong and got out" or something to that effect. How many traders will admit that they are wrong let alone be willing to do it on national TV?

I would be curious if he had a predefined stop or just got out when his pain got too great...

I don't agree with his HFT comments though...
 
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