No, when daytraders leave in droves, and thereby take their LONG AND SHORT positions with them, then liquidity will dry up. And the fact is, no daytrader can make a stock go where it wasn't gonna go anyhow. The company has fundamentals, and the institutions, funds, and specialist determine the direction. Daytraders just try to ride the wave. Nothing unreasonable about that. But now the sec will have lower revenue from taxing daytraders, which will mean they'll have to raise the sec fee as liquidity goes down. How rediculous. They just want to pretend as though they're doing something significant, since the sec didn't do a damn thing all this time on all the criminal accounting, reporting, late trading, and much more that's been right in front of their face.
No more bullets per sec
- Thread starter Turlo
- Start date
No, when daytraders leave in droves, and thereby take their LONG AND SHORT positions with them, then liquidity will dry up. And the fact is, no daytrader can make a stock go where it wasn't gonna go anyhow. The company has fundamentals, and the institutions, funds, and specialist determine the direction. Daytraders just try to ride the wave. Nothing unreasonable about that. But now the sec will have lower revenue from taxing daytraders, which will mean they'll have to raise the sec fee as liquidity goes down. How rediculous. They just want to pretend as though they're doing something significant, since the sec didn't do a damn thing all this time on all the criminal accounting, reporting, late trading, and much more that's been right in front of their face.
not a good idea to try and "get away with it"....it's a done deal...time to figure out how to trade without it.
