Trader accused of high-speed trading to make millions in 'illicit profits'

[loyek590]

if you believe in the integrity of the stock market you know that's where you must go, unless you just want to trade for the rest of your life.

Trading is fun and it is a good business, but it gets old. And you need to put those profits somewhere for your old age. And that is why so many of us old mom and pops are such strong hands. We are not going any place else, we have already been there.

We are use to dealing with the fed and market makers and now hft and laugh when you become outraged like it is some new thing.

 

[i960]

This isn't directly about skimmers - it's about asymmetric prosecution and the regulators not doing their job on a scale that matters.

 

[alsherm]

This is the same guy..
http://elitetrader.com/et/index.php...ring-my-funds-from-globus-trading-llc.250725/

 

[syswizard]

This isn't directly about skimmers - it's about asymmetric prosecution and the regulators not doing their job on a scale that matters.

The reason for this: The regulators are in bed with the likes of CME Group's Duffy and others.
This is such B.S. They are going after the "small frys".

 

[Chuck Rost]

If this is just another guy that possibly did all of this while living at home in his parents basement and illegally making millions (almost 600k per trading day)...

Something doesn't add up.

The feds always overestimate this type of stuff to get headlines.

 

[Chuck Rost]

Most investors are indexed. I tend to believe the feds will use these convictions to regulate The futures markets to the point you won't be able to trade them anymore.

 

[oraclewizard77]

I trade too slow too. LOL. Once I see a trade setup, I need to use a buy stop or sell stop order and never ever trade off the DOM, just pure chart trades.

 

[Visaria]

I'm getting very old and decrepit, and it takes me about an hour after I get filled to figure out what just happened and what I should put on next. I think they should require all hft to wait an hour like I do just to make things fair for people like me.

I hope they don't go after us LFT* guys.

*Low Frequency Traders

New headline:

"Trader accused of low speed trading to make millions in illicit profits"

 

[Moko11]

He should have tried that in Forex

 

[zdreg]

if you believe in the integrity of the stock market you know that's where you must go, unless you just want to trade for the rest of your life.

Trading is fun and it is a good business, but it gets old. And you need to put those profits somewhere for your old age. And that is why so many of us old mom and pops are such strong hands. We are not going any place else, we have already been there.

We are use to dealing with the fed and market makers and now hft and laugh when you become outraged like it is some new thing.

be alert. the market makers are making a comeback off your pocket. http://www.elitetrader.com/et/index...000-smallcap-stocks-starting-may-2016.291356/