Nonc Hilaire wrote:Mr. P, it isn't about you. The public arguments against HFT and associated automated trading algorithms are persuasive and convincing,
They haven't even formed yet. You haven even formed a coherent argument yet. There is no evidence that you even know what HFT is and how it operates. In America you are innocent until proven guilty by due process, and so far, you have not even presented a case against hft, let alone one that convicts beyond reasonable doubt. Therefore, I have no obligation to defend myself since no You guys are asking me to make the case against hft and then defend it, because you have not made any case whatsoever against hft, you don't even understand what it is, let alone what floor trading is.
I don't make the case against hft because there is no case to be made. I'm creative guy and I cannot come up with a single bad thing to say against hft. I can't think of anything. So I cannot defend against charges that don't even exist.
and I am not familiar with a single voice in or out of the industry disputing this analysis.
You are not familiar with many voices then.
I was hoping you would make an understandable apologetic for the HFT automated trading crowd. I can see how skimming pennies off each trade helps the guy who owns the computer, but I don't see any benefit for the average investor. Online trading lowered costs and commissions a great deal, but I have not seen any appreciable benefit from HFT.
ONLINE TRADING HAS NOTHING TO DO WITH THE BID ASK SPREAD OR SPEED OF FILLS.
I've made the apologetic a dozen times. This why you guys are driving me bonkers these days, i explaine myself over and over and over and over and over and over and over over and over and over and over and over and over and over over and over and over and over and over and over and over again and what I say is ignored over and over and over and over and over and over and over over and over and over and over and over and over and over over and over and over and over and over and over and over again. That is my supporting arguments. What I say is often pored over more than any other poster but when I get into supporting things you guys turn your brains off. Then you complain that I don't do long soliloquies anymore. Why would I? You all just ignore it.
Look at Zack Morris. Look at all the writing he did. That takes a lot of time. You guys didn't read it. He spent a LOT of time writing stuff and frankl even thought there were mistakes which I allow him as an amateur, he settled the issue, if you just goog the stuff you don't understand.
And you didn't read it. I've done probably a dozen trading threads on these forums, and they fizzle right out. You guys just don't get it. I don't know why. I'm an durian, ask anyone and yet am a world leading expert on these topics. I dream of option positions in my sleep that no one has heard of before. And I a TEEEEAAAABBBAAAAAGGGEEEEERRR that votes REEEPPPUUBBBLICANNNN and I am orders of magnitude beyond where you guys are. How am I supposed to talk to you?
I've already said it a dozen times.
HFT results in faster fills and lower costs (*talking slowly* that is BID ASK SPREAD not your Ameritrade nick).
HFT results in faster fills and lower costs (*talking slowly* that is BID ASK SPREAD not your Ameritrade nick).
HFT results in faster fills and lower costs (*talking slowly* that is BID ASK SPREAD not your Ameritrade nick).
HFT results in faster fills and lower costs (*talking slowly* that is BID ASK SPREAD not your Ameritrade nick).
HFT results in faster fills and lower costs (*talking slowly* that is BID ASK SPREAD not your Ameritrade nick).
HFT results in faster fills and lower costs (*talking slowly* that is BID ASK SPREAD not your Ameritrade nick).
HFT results in faster fills and lower costs (*talking slowly* that is BID ASK SPREAD not your Ameritrade nick).
HFT results in faster fills and lower costs (*talking slowly* that is BID ASK SPREAD not your Ameritrade nick).
When you're moving thousands of shares then a 50 cent spread is a big deal vs a 5 cent spread. HFT produced the 5 cent spread BENEFITTING THE RETAIL INVESTOR. STOP TRYING TO HARM THE RETAIL INVESTOR WHY IN THE NAME OF EVERYTHING HOLY WOULD YOU WANT TO DO THAT.