Anybody that has looking into things like the voodoo of "doji candlestick strategy" etc realizes that the entire market is full of people reading tea leaves.
99% of the portfolio managers, investment professionals have no more luck in picking stock then HFT or these other strategies.
It's basically gambling in one form or another. The ony way to get ahead in that world is to cheat.
HFT by itself isnt; a problem. When juiced with regular insider information, front running your own clients etc it's a massively profitable biz.
The biggest crowd that hates HFT is the stock pickers, day traders (any left?) and others that work int he investment biz.
They have had a nice scam going for the last hundred years and you are ruining their party.
Haw can they go have cocktails at 4 pm every day when computer programmers are working hard all night long?
The other group of course are the luddites. Afraid of any advance in technology. Other favorite causes, "Kids and violent video games". "The 100 mile diet" "environmental anything".
99% of the portfolio managers, investment professionals have no more luck in picking stock then HFT or these other strategies.
It's basically gambling in one form or another. The ony way to get ahead in that world is to cheat.
HFT by itself isnt; a problem. When juiced with regular insider information, front running your own clients etc it's a massively profitable biz.
The biggest crowd that hates HFT is the stock pickers, day traders (any left?) and others that work int he investment biz.
They have had a nice scam going for the last hundred years and you are ruining their party.
Haw can they go have cocktails at 4 pm every day when computer programmers are working hard all night long?
The other group of course are the luddites. Afraid of any advance in technology. Other favorite causes, "Kids and violent video games". "The 100 mile diet" "environmental anything".