3 ms·
I like your approach but a 95% tax rate is insane and would cause the market to be incredibly illiquid. Something like 50% to 0% seems a lot more appropriate.
by a13n 10y ago
I like your approach but a 95% tax rate is insane and would cause the market to be incredibly illiquid. Something like 50% to 0% seems a lot more appropriate.
- toss1 10y agoI see why it seems nuts, but then holding a position for less than a minute seems nuts also. That kind of trading is not primarily providing liquidity, its primarily skimming and front-running. IMO, it should probably be banned. However, I think that providing a 95% tax rate is a lighter touch, and allows people to do it if they can find sufficient profit. I also mentioned being open to tuning the amounts. What rate would you think would be good for such short term trading?