OURS? a 60-second chump change gang in and out for enough to buy supper???? What is the overhead expense for the gang? or is it a loose operation in PJs from a dozen different kitchens?
ROTFL... what a pitiful way to HAVE TO SPEND EVERY DAY knowing that the HOUSE PMT can't be made, no food on the table, the leased benz goes back, etc. Oh yeah... and forget about the dental braces, debutante season, anything put into the kids' college funds IF you did not SEIZE THE MOMENT via an HFT!
How many in the gang taking a piece of the $48K at 24 cents per 200K traded. It was in and out, wasn't it? The trade was executed so precisely that you shorted at 6.64 and then instantly covered at the EXACT BOTTOM 6.40, right?
Surely you did not hold and get crushed when it rebounded 20 cents of that 24 cents that was but a fleeting moment gain!
If the FEDs HAVE TO PUT A BAN on HFT (because people with funds in retirement accounts are getting wise to the THIEVERY from them), that will really muck up the works, huh?
"I call investing the greatest business in the world because you never have to swing... All day you wait for the pitch you like,... The problem when you're a money manager is that your fans keep yelling, 'Swing. you bum!'"
W. Buffett
AI
