Whitehouse.gov petition to ban HFT

vicirek said:
At the core of capital markets is accumulation af capital in a process that would be otherwise called robbery. It is allowed because participation is voluntary and based on risk taking and greed. More efficient in this process accumulates more capital.

Do not confuse capital markets with entitlement program.

Remember somebody's win is other trader loss. It is zero sum game.

And if you were smart it would take just to roll back ET threads back by few years and all the posts regarding bad MM as Specialists are exact copy of current posts using HFT terminology. People are simply trying to have their grievances fixated on somebody forgetting underlying market principle and why we are all there - to make money at the expense of others.

Remember trading is when you participate in markets buying and selling regardless of holding period. Investing is when you collect dividend or income from capital property. Once you come to market to dispose this property you become trader at this moment.
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Junkies buy heroine regardless, so you might as well profit from it, eh?
 
In the world somewhere beyond the pearly gates the altruist would would enjoy a market where skill and ability determined outcomes.

Wall Street has never had much to do with this heavenly world, instead, since the days under the button wood tree, it's been about lying, cheating, and stealing. The cover story for these attributes has been nearly perfected, though once in a while someone takes note and says, "Hey, wait a minute here! You guys are stealing from me!" But protestations don't last. Everyone keeps a straight face and swears on a stack of bibles that it's all a legitimate business aimed at supporting the American Businessman and helping mom and pop prepare for their golden years, or as Mr. Blankfein famously said, "were just doing God's business." Understandably, there is not much enthusiasm on Wall Street for killing the goose that lays the golden eggs.

Should you wake some morning to discover your broker has become your friend and the playing field is level, you will know you have passed through the pearly gates.
 
piezoe said:
In the world somewhere beyond the pearly gates the altruist would would enjoy a market where skill and ability determined outcomes.

Wall Street has never had much to do with this heavenly world, instead, since the days under the button wood tree, it's been about lying, cheating, and stealing. The cover story for these attributes has been nearly perfected, though once in a while someone takes note and says, "Hey, wait a minute here! You guys are stealing from me!" But protestations don't last. Everyone keeps a straight face and swears on a stack of bibles that it's all a legitimate business aimed at supporting the American Businessman and helping mom and pop prepare for their golden years, or as Mr. Blankfein famously said, "were just doing God's business." Understandably, there is not much enthusiasm on Wall Street for killing the goose that lays the golden eggs.

Should you wake some morning to discover your broker has become your friend and the playing field is level, you will know you have passed through the pearly gates.
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So you failed at trading just as badly as you did at writing C-grade novels?
 
jsp326 said:
So you failed at trading just as badly as you did at writing C-grade novels?
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On the contrary, what I posted is educational. If don't learn those basic facts you will never be a successful trader!
 
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