- Joined
- Apr 16, 2005
- Location
- Sharon, SC
Negative.
Traders have written very precise and complex algorithms to trigger trade activity on the Wall St floor. Historically you've seen the image of traders waving bid sheets and sell sheets in the air while screaming, today this is all done with clicks, well at least theoretically. In fact its all being done by script coding.
Well if you and I are both competing traders and we both want NC4x4 stock at 99.99 and its trending that way, the minute it hits 99.99 it has a certain volume of availability. So the race is to see whose computer gets the order in first.
The less trusting look at HUGE hedge and mutual funds and wonder why a particular stock is bought and sold dozens of times per day at varying quantities. Market movement the experts say. But if my machine can generate a sell and a buy that is 2 transactions the manager gets paid for without materially changing the composition of the fund at all.
This practice will create the next false floor run. It is coming. I just dont know when. Hence I dont invest long term in the market.
Traders have written very precise and complex algorithms to trigger trade activity on the Wall St floor. Historically you've seen the image of traders waving bid sheets and sell sheets in the air while screaming, today this is all done with clicks, well at least theoretically. In fact its all being done by script coding.
Well if you and I are both competing traders and we both want NC4x4 stock at 99.99 and its trending that way, the minute it hits 99.99 it has a certain volume of availability. So the race is to see whose computer gets the order in first.
The less trusting look at HUGE hedge and mutual funds and wonder why a particular stock is bought and sold dozens of times per day at varying quantities. Market movement the experts say. But if my machine can generate a sell and a buy that is 2 transactions the manager gets paid for without materially changing the composition of the fund at all.
This practice will create the next false floor run. It is coming. I just dont know when. Hence I dont invest long term in the market.