4 ms·
This is something people miss entirely in this argument, the fact that lots of investors have trailing stop trades in and in a flash crash, those people get the
by scotch_drinker 14y ago
This is something people miss entirely in this argument, the fact that lots of investors have trailing stop trades in and in a flash crash, those people get their asses handed to them. Then we immediately start having a credibility problem. Once you have a credibility problem, the end game is getting close. When you combine that with things like the MF Global bankruptcy where client accounts were stolen from, you start to think maybe the game is rigged. Or at least I do.
- steve8918 14y agoExactly. $1.6 billion lost from customer accounts that were not supposed to be touched, and no one is arrested? It just evaporated into thin air? The entire thing is disgusting, and I pulled out most of my money from my futures trading account exactly because of this, because I didn't have confidence that I would see my money again. Hedging through futures is something that many commodities producers do in order to have predictable revenues, and they just lost their shirts because of criminal fraud, and nothing is going to be done.
- getsat 14y agoHaha, I hope you don't have a 401(k).
- nradov 14y agoHello? The game has always been rigged. That doesn't necessarily mean you shouldn't play, but you have to go into it with you eyes open. Where are the customers' yachts?