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Stripping away everything else, imagine you had a way to make a stock go up or down based on what you said. Do you think you should be able to trade? Do you thi

Stripping away everything else, imagine you had a way to make a stock go up or down based on what you said. Do you think you should be able to trade? Do you think you should be able to talk? These are kind of preposterous questions but really, with so many gullible people out there, and with the market the way it is (a nebulous machine where reaction wins out), I wonder what the point of any of it is if someone like Gill can just fuck around with it by posting on Reddit.

baby 2y ago
Things should work by design, if you have to set the line somewhere it’s going to be a mess and a waste of resources
teo_zero 2y ago
> imagine you had a way to make a stock go up or down based on what you said Please add "and you are a normal citizen, not a hedge fund, not a bank", because the latter subjects are allowed to and routinely do trade and influence the market.
friend_and_foe 2y ago
OK, so imagine a world where traders don't just trade based on news and words, but based on price signals. They have bots sitting there waiting for some criteria only in the price of the target asset, and they're going to trade on that. Let's say you know about this and you know how to give them the signals they need to make their trades, so you do things to give those signals so you can profit on their activity. This world is real and you live in it. Does giving a price signal to the market count as making a stock go up or down based on what you said? Taken to it's natural conclusion, every decision every market participant makes affects the market, and every speculative participant uses these impacts as criteria for their decisions. To some degree, every single market participant, whether they want to or not, is doing both 1) impacting the market in some way, and 2) trying to find actions other people are taking that will impact the market that they can enter and benefit from. It's a big positive feedback loop. What you're talking about, taken to it's natural conclusion, is just banning trading.
slowmovintarget 2y ago
This is the real world, not Path of Exile where pseudo-random numbers rule the day. Trading is about interacting, and yes a stock can (and often should) move based on reputation, and someone talking about it can affect that reputation. Insider trading is the line. You can't trade based on your knowledge from within the company. As others point out, hedge funds can mess with it just by applying enough "capital" to make a stock do what they want. They're in the market to, and this time they got played.

baby 2y ago

Things should work by design, if you have to set the line somewhere it’s going to be a mess and a waste of resources

teo_zero 2y ago

> imagine you had a way to make a stock go up or down based on what you said Please add "and you are a normal citizen, not a hedge fund, not a bank", because the latter subjects are allowed to and routinely do trade and influence the market.

friend_and_foe 2y ago

OK, so imagine a world where traders don't just trade based on news and words, but based on price signals. They have bots sitting there waiting for some criteria only in the price of the target asset, and they're going to trade on that. Let's say you know about this and you know how to give them the signals they need to make their trades, so you do things to give those signals so you can profit on their activity. This world is real and you live in it. Does giving a price signal to the market count as making a stock go up or down based on what you said? Taken to it's natural conclusion, every decision every market participant makes affects the market, and every speculative participant uses these impacts as criteria for their decisions. To some degree, every single market participant, whether they want to or not, is doing both 1) impacting the market in some way, and 2) trying to find actions other people are taking that will impact the market that they can enter and benefit from. It's a big positive feedback loop. What you're talking about, taken to it's natural conclusion, is just banning trading.

slowmovintarget 2y ago

This is the real world, not Path of Exile where pseudo-random numbers rule the day. Trading is about interacting, and yes a stock can (and often should) move based on reputation, and someone talking about it can affect that reputation. Insider trading is the line. You can't trade based on your knowledge from within the company. As others point out, hedge funds can mess with it just by applying enough "capital" to make a stock do what they want. They're in the market to, and this time they got played.