>"I personally don't care that my trade happens in a second or a minute because I'm a long-term investor" Long-term investor or not, you want liquidity to ensu

>"I personally don't care that my trade happens in a second or a minute because I'm a long-term investor" Long-term investor or not, you want liquidity to ensure you are getting in and getting out at the price you want. That's the big difference between investing in a liquid stock versus, say, your house. The reason you can get in and out as a long-term investor is because of the liquidity provided by traders.