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Those days are gone, sonny. Now the market is pretty much completely rigged.
by x5n1 11y ago
Those days are gone, sonny. Now the market is pretty much completely rigged.
- tobylane 11y agoBy rigged do you mean most potential for profit is taken by robots in milliseconds, or rigged like a mass conspiracy to defraud the world?
- x5n1 11y agoThe former, though the latter isn't that far fetched either.
- melling 11y agoYeah, but aren't you talking about pennies a share? How does this affect an trade that I'm going to hold for weeks or months?
- x5n1 11y ago"The answer I give them is that our markets are not rigged but are run/controlled/dominated by the flash boys/HFTs/machines that do not have the ability to think rationally but just trade on their algos and as a result you get absolute mayhem on days like today." http://www.forbes.com/sites/jaysomaney/2015/08/24/is-our-stock-market-rigged/ http://www.forbes.com/sites/jaysomaney/2015/08/24/is-our-sto...
- melling 11y agoYes, always use a limit order. It looks like you can make some money on those big dips on crazy days.
- tedunangst 11y agoAnd, uh, not to repeat the question or anything, but how does that affect a position held for weeks?
- zhte415 11y agoIEX is an interesting option created by some pretty morally outraged characters.
- hardwaresofton 11y agoYeah I don't think I agree with this. ETFs still net you quite a bit over a regular CD (or storing your money in your mattress), and are considered relatively predictable/safe