The NYSE will cancel certain trades in the following stocks following the snafu with Knight Capital (KCG -27.5%) this morning, reports Bloomberg: WZE, CO, EJ, ARC, and KWK. [View news story]
Investors estimate that Knight Capital lost several HUNDRED MILLION DOLLAR today. As a result, the counterparties of Knight Capital MADE a shitload of money today. Who? Retail investors, for example. Or sharp market participants like you, with 4000 posts on SeekingAlpha.
Yet you want them to lose their license? I do not understand your reasoning.
Profiting From High Frequency Trading - Buy Large Caps With High Liquidity [View article]
horrible, horrible advice. If you buy SPY and put in a stop-loss order, you would become a VICTIM of the flash crash. Because if some computers go crazy and start selling at ridiculous prices, you would actually JOIN them in doing so. You would sell at rock-bottom prices while if you just hadn't done anything, prices had recovered in a week and you couldn't care less.
In fact, you should try to have some limit orders in the market at 5% to try and BUY from the crazy computers who drive down the market, instead of joining the stampede. That way you could actually MAKE money instead.
Never use market orders.
The VIX notes piss away money due to the curve in the volatility futures. If you look them up at this site you would have seen that they have decreased in value from $400 to $25 in a few years. Besides that you have a nice counterparty risk. Nice hedge ..
On top of that most of your "claims" about HFT are backed by no evidence and are just 'your opinion' (at least you clearly admit that).
The NYSE will cancel certain trades in the following stocks following the snafu with Knight Capital (KCG -27.5%) this morning, reports Bloomberg: WZE, CO, EJ, ARC, and KWK. [View news story]
Yet you want them to lose their license? I do not understand your reasoning.
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Profiting From High Frequency Trading - Buy Large Caps With High Liquidity [View article]
In fact, you should try to have some limit orders in the market at 5% to try and BUY from the crazy computers who drive down the market, instead of joining the stampede. That way you could actually MAKE money instead.
Never use market orders.
The VIX notes piss away money due to the curve in the volatility futures. If you look them up at this site you would have seen that they have decreased in value from $400 to $25 in a few years. Besides that you have a nice counterparty risk. Nice hedge ..
On top of that most of your "claims" about HFT are backed by no evidence and are just 'your opinion' (at least you clearly admit that).
I wonder if this is a gimmick account.
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