maest

40 ms·

601.
by maest 6y ago
From https://www.bloomberg.com/opinion/articles/2021-01-29/reddit... This is not stuff most people worry about most of the time. Generally if you buy a stock on Monday you still want it on Wednesday; even if
602.
by maest 6y ago
That's consistent with them being worried about collateral requirements.
603.
by maest 6y ago
Nit: RH is self clearing, most other retail brokerages use Apex. Both Apex and RH had the same collateral issues though.
604.
by maest 6y ago
They did it to avoid going out of business due to DTCC collateral calls. Stop spreading FUD.
605.
by maest 6y ago
> This has the veneer of a crowd sticking it to someone they felt exploited by, but in the end, they're just being exploited by someone else. You are 100% right and that's what's going on. However, the pump-and-dump kinda
606.
by maest 6y ago
I like how this is a meta conspiracy theory. We're way beyond the land of the falsifiable at this point.
607.
by maest 6y ago
HFT hold no overnight positions (with rare exceptions) so don't have to worry about settling.
608.
by maest 6y ago
Trading stocks is not a zero-sum game, at least not in the way implied here.
609.
by maest 6y ago
Conflating sell-siders (e.g. Goldman) with buy-siders (Melvin) betrays a lack of understanding of the financial markets.
610.
by maest 6y ago
Eh, I'm not sure there's clear moral responsibility when talking your own book. However, he does come off as someone who doesn't understand what he's talking about: * comparing WSB "research" with proper fundam
611.
by maest 6y ago
No. Naked shorting is when you sell the underlying stock without borrowing it first. You have 2-3 days from transaction to settlement (depending on the market), so you can enter a transaction at T and then only locate borrow at T+2. Obvious
612.
by maest 6y ago
I was shocked to see ads at gas stations and in cabs in the US. Truly dystopian.
613.
by maest 6y ago
Btw, this is considered more or less canonical k style. (with q being a slighty more readable version of this) It takes some time getting used to it, but, once you get the hang of it, going back to e.g. Python/Pandas is painful.
614.
by maest 6y ago
Great, now I have 3 problems.
615.
by maest 6y ago
You still have the issue that r/canada is the default place to go if you're new and want to talk about Canada. To make matters worse, r/canadapolitics isn't advertised on r/canada, so how are new users supposed to f
616.
by maest 6y ago
> Reddit conversations are generally assumed to be authentic. r/hailcorporate would disagree, but, sadly, their corporate marketing detectors are too sensitive and they can come off as tin-foiled kooks. Still, more content than you
617.
by maest 6y ago
> The world is better off with a currency that can't be manipulated and printed on a whim. Honest question, how come? You can maybe argue something bout inflation, but it's not a very strong argument since a. the effects of ext
618.
by maest 6y ago
You should have a look at q/kdb. Once you get comfortable with the language, you can write some very complex code very quickly - part of the reason is the compactness of the language, but also due to the functional, loop-free style whi
619.
by maest 6y ago
This is a submarine story if I've ever seen one.
620.
by maest 6y ago
What is a low-residue diet, if I may ask?
621.
by maest 6y ago
This may dissapoint you but, with very few exceptions, most of the time nobody knows why a stock is going one way or another on any given day. Unless there's some significant news or M&A deal that you can tie to price action (and e
622.
by maest 6y ago
I agree with most of your post, but I don't think you can safely attribute broker commissions going to 0 to HFTs.
623.
by maest 6y ago
Both yes and no. For most exchanges: HF traders are big data consumers and they _have_ to have all the orderbook daa, so they're big customers of exchanges. They also pay for stuff like colocation. Many exchanges also provide rebates f
624.
by maest 6y ago
How would a civil war actually happen? I know this idea gets thrown around, but, I don't see how this would happen. Usually, civil wars happen with the support of (at least part of) the military and there are 0 doubts about who the arm
625.
by maest 6y ago
In the business, we call this a "loaded complex question".
626.
by maest 6y ago
There are both right and left leaning subs on reddit and it works ok. Reddit occasionally bans subreddits for various reasons (see r/fatpeplehate and the predecessor to r/hydrohomies). True, r/thedonald was banned, but not be
627.
by maest 6y ago
> We all know what the real reason is. Is there a name for this sort of phrasing where the speaker pussyfoots around the point instead of clearly stating it?
628.
by maest 6y ago
Sure, but that's besides the point I was replying to.
629.
by maest 6y ago
Clearly I am not, and strawmanning me won't help the conversation. I'm going to give you the benefit of the doubt and assume you really did miss my point: Twitter controls access to a very large audience, only rivalled maybe by Fa
630.
by maest 6y ago
A more cynical viewer would see how Twitter's decision to become tougher on Trump's tweets only came after Trump lost the election.

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