I agree 99% with the ZH article. There is no stock "market" out there anymore. They've left "price discovery" on individual stocks out to dry with the hft's while the futures arbs settle the rest on 0 tape. The 5 daytrading "techniques" outlined in the article were marked for death years ago anyways, the easy stuff never stays around long.
Whatever odds were stacked against the newbie trader in say 2007, it's probably 50 times worse now. Zero sum. That being said, no matter how frustrating and bs-like this market has devolved into -- I love it, it's right up my alley. Then again, I don't know anyone else who trades the way I do. But the pool keeps on shrinking.
All we can do is pray that POMO keeps going full tilt and pushes the dow to like 20K. Maybe some new-fangled technology (biotech?) to get the nasdaq flying on 100+ pe's again. Then and then only will public greed finally win over fear and we get some real liquidity back in the markets; the more players in the casino, the more dealers, pit bosses get hired, etc. I have confidence that the stock market of old will return -- it might just take a whole generation before the public forgets what they saw when the market's skirts were lifted in the debacle of the past few years.
