Quote from HoundDogOne:
100% disagree with this.
All the "market manipulation" scams are being shut down one by one.
Pseudo-"front-running" shorts was never a way to make an "honest dollar" anyway...
But you guys are gonna have an exhibit in the Specialist Museum.
As for actual Quants scalping ** market inefficiencies **...
They have been unaffected for the most part.
The impact of changes over the last 2 years on my trading has been ZERO...
And may even become positive in 2007 as the Leaches fade away.
Evolve... or die.
Hey, don't blame me. That's what I and hundreds of other prop traders were TAUGHT to do. And it worked whether it was "honest dollar" or not. In fact, I don't even know if there is an honest way to make money in the markets. My "front running" short sellers with a lousy 400 share lot for a mere 10 cent gain is not as bad as the countless fake bids/offers, continuous bid/offer refreshing, and the radical up and down spreading by the specialist.
Anyway, my point is that all the tiny edges that the little guy had is being removed one by one. ie. price improvement, nx limits (I could barely get a piece of the size anymore since now some big shot can get up to a million shares at one shot), and now the elimination of the short rules will not only take our so-called "front running" edge away, but now big short sellers can just pound away at market with their orders and you'll never know that there is a short seller in the stock that you are long.
It's crystal clear that everything that is being done is for the benefit of the big players.
You bet I will adapt.
