You're selling, someone else is buying. Unrigging a rigged game. 0. New comments cannot be posted and votes cannot be cast, More posts from the StockMarket community. It is time for nations to take hold of the notion of financial services. However, the real danger is in private money - derivatives, and other financial instruments. This protects you and lowers risk considerably. It started when large traders tried to put GameStop out of business using a “short selling” tactic, which has for decades allowed sellers to make a lot of money at the cost of harming businesses. The stock market is rigged against Main Street investors but that doesn’t mean you can’t make money. Banking, Global Control, Stock Market January 30, 2021 January 30, 2021 GameStop Fiasco – Wallstreet vs. REDDIT HodgeTwins on fire today about the rigged system. Why? You're right, if you have ever been part of a large stock order, you've probably been ripped off. HFT eliminates the profits of spread traders and brokers so of course these banks would be interested in eliminating the practice. When a title reads "The stock market is rigged" I'm thinking that someone, somewhere is arbitrarily causing the prices of stocks to go up and down. The stock market has been broken for a while, for a long time, actually. Lesson 1 is to understand the difference between investing and gambling, and to me it's pretty fucking simple: if one doesn't truly and fully understands what he's doing, the ramifications and risks.... it's a Game of Chances, aka gambling. The Stock Market is RIGGED? However, there is an ability for everyone to make money implying that stocks go up. The US Stock Market is Rigged. But then they were unbanned. Depends on your definition of rigged. Instead, brokerages locked them out and their holdings tanked, while … You buy a car from Caveat Emptor Motors there is no warranty. This goes from inheritance to trusts, to non-profits, to an actual purchase of a commodity. More than half of individual investors think the stock market is rigged against them, survey finds. Even better, Reddit had been discussing this tactic for months (so hedge funds knew about it). Las Vegas, like any other Game of Chances is rigged. There is a constant betting on numbers that has absolutely no impact on the real economy. All it would take is for the U.S. government to put a time on trades. It is the basis of any social contract. That has always been its reason d'etre. The only thing that comes close to "rigging" in the stock market is the difference in (1) access to information and (2) use of information in an intelligent manner. We know this but for some reason don't act. 41% of non-investors say they believe the market is rigged and 56% of investors agree. No, not that one. It started when large traders tried to put GameStop out of business using a “short selling” tactic, which has for decades allowed sellers to make a lot of money at the cost of harming businesses. I hear regular people say it is rigged. The only "flaw" GME is exposing is that the stock market is rigged. It is very likely that some make more than other and that some do lose some. By Dady CJ On Feb 1, 2021. However, the effect on the Average Joe long-term investor is minimal. Posted by 1 day ago. It is time for nations to take hold of the notion of financial services. Rigged in the sense that many people have insider information to buy or dump, weeks before the public? I haven't read through it all but I was told it is accurate by someone who would definitely know. ... Robinhood, Reddit, and a market rigged to make the rich richer and the poor poorer. Options are insurance, plain and simple. ... but the game was rigged from the start. The United States stock market, the most iconic market in global capitalism is rigged." The stock market has been a rigged game for a long time. If you have a mutual fund, or a pension, you've been ripped off. The HFT vampires could still see your order and tell the other exchanges before your other orders arrived, probably using their own uncongested fiber routes. The stock market went through an immense volatility last month – the likes of which have never been seen before. Rigged is a coin where both sides are heads. The US Stock Market is Rigged. Here is a much more detailed and technical explanation. Governments need and must counter the power of corporations. The whole damn thing is one big rigged casino that that Reddit WallStreetBets just exposed for all to see. Welcome to /r/StockMarket! Yes, No. There is no advantage for anyone but those firms that engage in it. The surge was attributed to an army of Reddit investors forcing hedge funds that were banking on the stock dropping — known as short-selling — to instead buy shares at a … Rigged is a coin where both sides are heads. Let me repeat that: Wall Street hires the top MBA/PhD front the top schools. Reddit WallStreetBets, The Hedge Funds and Robinhood. Say you are an NHL teams who pays players in American dollars. http://sniperinmahwah.wordpress.com/2014/03/30/iex-de-contractibus/. Lindsey DeSilvio was 11 years old when she realized that the stock market might be rigged. Will update as soon as I can. There should be clear laws that prevent any public institution from engaging in these trades. You pay a premium just like with car insurance to ensure that you will be protected from volatility in the market. He even said in the article, eventually it got to the point where he would input some orders and the computer algos started noticing and eating away at his margins. The fact of the matter is, the market got too efficient for him to compete. The whole damn thing is one big rigged casino that that Reddit WallStreetBets just exposed for all to see. This is because stocks – not stonks – have still managed to build tremendous wealth for investors legitimately despite the presence of the rigging. This happens with almost every large order in the US equities market. IEX is only stopping the predatory stuff. Mar 25, 2021. I'm rooting for them hard. 56% of investors surveyed by Bankrate say they strongly agree or somewhat agree that the stock market is rigged against individual investors. 959. Close. Banning HFT would be a form of financial regulation. Financial regulation is almost impossible to pass in Congress. save. A new exchange designed for the buy side not to get their faces ripped off seems like the best solution to me. News. How The Reddit Trade Was Fueled By Fury Over The Great Recession The GameStop stock saga has risen into a movement fueled by a wave of emotions from the … Reddit; Flipboard; The following script is from "Rigged" which aired on March 30, 2014. Thor. The one on the website Neopets, where in … Share Facebook Twitter Google+ Linkedin ReddIt WhatsApp Pinterest Email Print. This does not mean the market is “rigged.” The responses by the brokerage firms show that market manipulations will be checked—even those created, not by large companies, but by small investors banding together. People require that their basic needs be fulfilled. It has finally blown into the open for all to see. I imagine this still might not stop the HFT's from front running though. Farmers for example, protect the price of their crops when they aren't sure how much they will be able to harvest and what the price they will receive is. Despite several participants paying lip service to them being the “envy of the world”, it appears that an increasing number of Americans think markets are somehow “rigged”. Log In Sign Up. I think they should also add a longer term rate for trades held more than 5 or 10 years. How much money do you think they are making (1,2,3, 10+ million per year?). GameStop, Reddit, and “Rigged” Stock Market by Rick Kahler | *Financial Awakenings , Building Wealth , In The News , Investment , The Economy , Weekly Column | 0 comments When there’s drama in the stock market, I often learn about it at the gym. There is a constant betting on numbers that has absolutely no impact on the real economy. Al lot is doing is matching buyers and sellers and skimming a small amount off of the spread. GME and AMC Stock: The System’s Rigged! share. I have been hearing that a lot lately. Tell that to the millions who lost live savings in the 08 crash because the rating agencies gave BS rigged ratings allowing financial institutions to sell junk bonds as gold and trigger a global crash. More than half of US investors think the stock market is rigged against individuals, according to a survey of 2,525 Americans from Bankrate.. In order to change things, you need something to replace it. There is nothing stopping a nation from demanding that all economic activity be taxed. Over nearly a decade working with venture capital firms and providing investment analysis for wealthy clients, I saw just how rigged the stock market is against everyday investors. The historic short squeeze, engineered by a bunch of deeply cynical small traders, exposed just how rigged the market has been. And then there's the average WSB dweller, who - chances are - is not a top MBA/PhD front one of the top schools; and he wants to know in less then 5 minutes in a ELI how he can make money or fix a Diagonal Iron Condor Spread with Butterfly wings on AMD. This is because stocks – not stonks – have still managed to build tremendous wealth for investors legitimately despite the presence of the rigging. In the stock market you can just buy a total stock index fund and match the market gains. This is more like an exploit. The amounts are staggering, literally billions of dollars are skimmed off by predatory HFTs. When the stock market grim reaper calls you better have cash on hand or you will have to go begging. They can't compete with the speed of the large institutions using HFT. Think about it this way: Fuck Brad Katsuyama. Options are a mere plaything that usually benefit high level employees and speculators. The Stock Market is RIGGED? HFT fills the role of the market maker, it serves the same purpose, but allows for higher liquidity and lower volatility, overall. Fishcel It’s not investing that is viewed skeptically, it’s the system. Guides. But where were these banks' outrage for the last 10 years, before legislation reduced their ability to run HFT proprietary trading desks? No it's not "rigged". Michael Lewis is not talking about the stock market that you see on television every day. Sure you can speculate with them, as you can with anything in the market, but most firms and individuals use them to place a floor on the price of what they're holding or to ensure a price will stay low in the future when they have to make a purchase. ET The HFT definitely have an advantage, an unfair one. This is more like "rigged" in the sense some very clever individuals discovered an exploit. The only people really getting screwed are those who day trade (super risky btw). Ideally it would be one day, but they could probably put it down to one hour. They even say so right on their website. A subreddit for really great, insightful articles and discussion. Still bad, very bad, but the market isn't rigged just because there is a way to exploit it. Reddit WallStreetBets, The Hedge Funds and Robinhood. Only losers in any games believe that game is rigged. The stock market is broken. Guides. The historic short squeeze, engineered by a bunch of deeply cynical small traders, exposed just how rigged the market has been. One of the problems of the occupy movement is that they did not have a financial plan. One major goal of financial regulation is to keep the market fair for smaller players, so that the professional traders don't have too much of an advantage. Wall Street companies are always on the lookout to make money somehow, so one can assume that each and every order is looked upon by 1 or more Wall Street first, and they might be on the other side of your trade. "It's all just a giant conspiracy" is used by permabears to justify why they can never make any money. The stock market is certainly rigged … if we define rigged as an interruption of the normal forces of supply and demand. In a February study, 56% of investors surveyed and 41% of non-investors either “strongly agreed” or “somewhat agreed” with the statement: “The stock market is rigged against individual investors.” They are good people and I want to see them succeed. The poll was taken in late February, about a month after a runup … The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. 7 - Masika Kalysha & … They later came up with a way to use this exploit to make money in an old market with the newest technology. Do some entities have a vast advantage over the majority? For some reason, the regulators seem to be all for meaningless shifting of numbers which do not accomplish what finance was designed to do, which is make it possible to get funding to use to create an actual business doing stuff. Wouldn't really call it rigged. New comments cannot be posted and votes cannot be cast. They are able to front run every trade. Will update as soon as I can. It appears a number of traders on the WallStreetBets forum on the social news platform Reddit decided to “punish” the short investors and manipulate the market by driving the stock price of … Reactions: CHOoseWisely, SpiritAnimal and Nihilistcorpse. Press question mark to learn the rest of the keyboard shortcuts. You buy, someone else is selling. By Wolf Richter. How The Reddit Trade Was Fueled By Fury Over The Great Recession The GameStop stock saga has risen into a movement fueled by a wave of emotions from the … Either someone broke the speed of light or the federal reserve has been hacked or compromised. Posts about equities, options, forex, futures, analyst upgrades & downgrades, technical and fundamental analysis, and the stock market in general are all welcome. This is akin to not getting in an accident. That’s compared to 41% of non-investors who say the same thing. The historic short squeeze, engineered by millions of deeply cynical small traders, exposed just how rigged the market has been. Why are spewing ignorance all over the place? “WE WILL NOT GO QUIETLY INTO THE NIGHT,” said one post on Reddit’s WallStreetBets. ... Who actually got rich or big profit out of when the stock market crashed in these capitalists' eyes? Fantastic article! The stock market is certainly rigged … if we define rigged as unfair. Allen Zhang, whom Katsuyama and Park viewed as their most talented programmer, wrote a program that built delays into the orders Katsuyama sent to exchanges that were faster to get to, so that they arrived at exactly the same time as they did at the exchanges that were slower to get to. Inherently the stock market is not at all rigged. It has finally blown into the open for all to see. Heck, even an interview between Jim Cramer and Alex Rodriguez popped up on my Youtube about how Cramer feels the stock market is rigged in favour of the big guys. For example, if you sell product in the United States, then you pay a tax rate that is not deductible. These are the best stock market forums for curious investors.Online stock market forums have perhaps never enjoyed more publicity than they did in the early days of 2021, when several "Reddit stocks" like GameStop (ticker: GME), AMC Entertainment (AMC) and Bed Bath & Beyond (BBBY), among others, soared due to rabid investor interest from a trading forum on Reddit called WallStreetBets. The Real Repercussions of a Rigged Stock Market. Friday’s jobs report will be released to a closed stock market—that’s only occurred 12 times since 1980 My parents died of COVID-19 and left no will. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Full Disclosure: while I have no personal interest in IEX. The stock market has been broken for a while, for a long time, actually. While this example is true to a certain extent, it doesn't even concern the vast majority of people in the world. More than half of US investors think the stock market is rigged against individuals, according to a survey of 2,525 Americans from Bankrate. The only "flaw" GME is exposing is that the stock market is rigged ... Reddit desktop is running extremely slow for me and the app keeps freezing on me. In the stock market you can just buy a total stock index fund and match the market gains. Nation states are not without power. It’s easy to think of Reddit investors as a single person –in the past month, r/WallStreetBets seemed to take on a life of its own. For example, if you were growing corn, you could sell a futures contract which would give you a guaranteed price to sell out come harvest time. Look at Wall Street; they hire the top MBA/PhD front the top schools. The trend has been towards more and more deregulation. A stock buyback – a company purchasing its own shares to reduce the number openly available and so push the price up – is a form of market manipulation that was illegal in … More than half (56%) of people who have money in stocks think the market is rigged against individual investors, according to a survey from Bankrate. Predatory High Frequency Traders (HFTs) in collaboration with all the major electronic exchanges and alternative trading systems are using superior computing and data transmission speeds to game the market. I recall Michael Lewis throwing the phrase around for the use of broker-dealer information leading to frontrunning trade orders (High Frequency Trading). jumped into the fray as well, insisting that the stock market “is a rigged game.” That characterization is groundless, but Senator Warren’s remark doesn’t surprise me. In addition to going after big gains, the Reddit traders are raging against a system that they perceive as rigged to make the elite wealthier, while keeping everyone else on the outside. The fact that you decided to separate them out speaks volumes about your knowledge of capital markets. 959. The Stock Market is RIGGED? Lindsey DeSilvio was 11 years old when she realized that the stock market might be rigged. More than half of US investors think the stock market is rigged against individuals, according to a survey of 2,525 Americans from Bankrate. The stock market has been a rigged game for a long time. The stock market is rigged. REddit was taken down because Wallstreetbet is fucking the stockmarket again. The stock market has been on a tear over the last few weeks. Share Facebook Twitter Google+ Linkedin ReddIt WhatsApp Pinterest Email Print. 31. the stock market isn’t rigged. It is as simple as that. 7 - Masika Kalysha & … In addition to going after big gains, the Reddit traders are raging against a system that they perceive as rigged to make the elite wealthier, while keeping everyone else on the outside. Close. Network delays are inconsistent. it is a game that corporations will have to play if they wish to sell products in your country. Oh, nations knew about this long ago. Fishcel ... Who actually got rich or big profit out of when the stock market crashed in these capitalists' eyes? So does a good portion of the buy side on Wall St. Then you might position yourself to a certain future so that you can determine your costs. Looks like you're using new Reddit on an old browser. Up and up everything goes -- supposedly. I am an older man, who has lived through 5 decades of economy. Reddit day traders tried to beat Wall Street at its own game to prove that the system is rigged. the stock market is rigged Samsung UN65RU7100FXZA Flat 65'' 4K UHD 7 Series Smart TV (2019) with HW-R550 Sound Bar The Caribbean Queen pt. http://www.reddit.com/r/news/comments/1n2oeh/either_someone_broke_the_speed_of_light_or_the/, 16 Major Firms May Have Received Early Data From Thomson Reuters, http://www.rollingstone.com/politics/blogs/taibblog/16-major-firms-may-have-received-early-data-from-thomson-reuters-20130905. Our objective is to provide short and mid term trade ideas, market analysis & commentary for active traders and investors. A favorite tactic on r/WSB is to swamp the market with call purchases early in the morning in an attempt to force dealers to keep buying stock. If you're interested in actually learning how HFT works and the benefits it provides start with this research paper. High-speed trading gives some traders an advantage over others. They are able to front run every trade. I hope that there are enough of us out there as to start to change the dialogue. It doesn't even need to be done on a global level. That's where the Reddit set perceives a weakness. You buy a stock, no warranty. By Dady CJ On Feb 1, 2021. The stock market is certainly rigged … if we define rigged as unfair. Press question mark to learn the rest of the keyboard shortcuts. The only "flaw" GME is exposing is that the stock market is rigged. Senator Elizabeth Warren (D-Mass.) They are the only entity where it is possible. http://heartland.org/sites/default/files/htf.pdf. Reddit's furor was also directed at Melvin Capital Management, one of the biggest institutional shorters of the GameStop stock, as seen in this … Futures make sense if you are a person who actually needs the product. We should have more of this. The point is that there are solutions to unbridled capitalism. Posted by 1 day ago. But you can definitely make some money if you know what you're doing. GME and AMC Stock: The System’s Rigged! 2) Reddit/RH group (>1,000,000) as a whole about breaks even on all this GME activity The stock market is broken. Oh and by the way, options and futures ARE derivatives. The poll was taken in late February, about a month after a runup … A proper solution is to host servers at every exchange, which would hold orders for a slight time, then have every server at every exchange issue the order at the same scheduled millisecond. Stock Market is Broken. 41% of non-investors say they believe the market is rigged and 56% of investors agree. 31. REddit was taken down because Wallstreetbet is fucking the stockmarket again. the stock market is rigged Samsung UN65RU7100FXZA Flat 65'' 4K UHD 7 Series Smart TV (2019) with HW-R550 Sound Bar The Caribbean Queen pt. A good firm would have used an algorithm to place customer orders at a probabilistically optimal bottom of the spread instead of having a clumsy human trying to intuit what to do. Predatory High Frequency Traders (HFTs) in collaboration with all the major electronic exchanges and alternative trading systems are using superior computing and data transmission speeds to game the market. 4 to 5 milliseconds before the fed moved interest rates, billions of dollars of trades were input that took advantage of the changed rates, reaping huge profits. The stock market is a caveat emptor institution. What I see now has me more worried for those who will follow as to myself. This is untrue since Commission rates were far higher prior to the Digital Revolution than the current commission rates with the addition of a few basis points being scraped off per share via High Frequency Trading. Winners are willing to do what the losers won't. Yet Psaki blames "market volatility," which would imply that the cause of that volatility -- the reddit bulls blowing up GameStop -- is the real problem. Reactions: CHOoseWisely, SpiritAnimal and Nihilistcorpse. ‘I like the stock’ and ‘I am not a cat’ — see the GameStop hearing highlights Last Updated: Feb. 19, 2021 at 1:20 p.m. It's why bucket shops were banned. This is the transcript of my podcast last Sunday, THE WOLF STREET REPORT. Futures are primarily used with commodities and fixed income strum wants. I don't understand why government doesn't ban HFT. Yes. They could impose a 70 to 90% tax on profits from trades held less than a day. Close. It’s easy to think of Reddit investors as a single person –in the past month, r/WallStreetBets seemed to take on a life of its own. The stock market went through an immense volatility last month – the likes of which have never been seen before. The stock market is certainly rigged … if we define rigged as an interruption of the normal forces of supply and demand. A stock buyback – a company purchasing its own shares to reduce the number openly available and so push the price up – is a form of market manipulation that was illegal in … We need only look to Detroit to see the dangers. It appears a number of traders on the WallStreetBets forum on the social news platform Reddit decided to “punish” the short investors and manipulate the market by driving the stock price of … Press J to jump to the feed. No, not that one. the stock market isn’t rigged. In investing, just as in other endeavors, those with more sophisticated knowledge and experience have an advantage. Future markets make sense for NHL owners? That’s compared to 41% of non-investors who say the same thing. The best libertarian memes, macros, photos, jokes, and conversations on Reddit. IEX is funded by a who's who of 'too big to fail'. When humans did the market making this was also true. If private people or corporations wish to lend money to others then they should be barred from lending money to public entities. That's a service people would buy, unlike Thor which wouldn't convince anyone. But it doesn’t matter for investors. The surge was attributed to an army of Reddit investors forcing hedge funds that were banking on the stock dropping — known as short-selling — to instead buy shares at a higher price. That plan would protect investors almost as well as a new exchange would. 2 of my friends work there on the tech side. Unrigging a rigged game. So on one side we have someone who has invested 10+ years studying his brain off and earning top marks, with ample resources vs... WBS. The one on the website Neopets, where in … If there is no volatility, you do not exercise your option. The problems they quickly ran into are obvious to most technical people. I won't even attempt to correct you on your leap of logic regarding derivatives and institutions, because it really is that asinine. More like risky. So it is an adversarial game, game as in Game Theory, not as in Vegas. the markets are manipulated! Press question mark to learn the rest of the keyboard shortcuts. This design is like treating a gaping wound with a band-aid. Robinhood prohibited its users from buying shares in GameStop Thursday morning, as Reddit users propelled shares in the video game retailer above $440. However, the effect on the Average Joe long-term investor is minimal. Honestly, they weren't very good at competing prior to HFT. ... but the game was rigged from the start. You need to direct the conversation to something that is doable. ... You can never rely on statistics or correlations to protect you. High-speed trading gives some traders an advantage over others. Everyday investors and institutional investors who aren't constantly trading in and out of positions are not adversely affected by HFT. Rick Kahler, CFP, resides in Rapid City, South Dakota and is a fee-only financial planner. Your political beliefs are your own, and I won't argue with you regarding taxation of economic activity, because we will never agree on that. Reddit WallStreetBets, The Hedge Funds and Robinhood. It is an artificial economy that could be stopped in a minute. In a February study, 56% of investors surveyed and … 'Rigged' implies someone is getting screwed. Saying the stock market is "rigged" is just a sensationalist label that came from 60 minutes. The Stock Market is RIGGED? I hear politicians say it is rigged. The only "flaw" GME is exposing is that the stock market is rigged ... Reddit desktop is running extremely slow for me and the app keeps freezing on me. Banning HFT would be a form of financial services to something that is not at all rigged. websites a. Tactic for months ( so hedge funds knew about it ) is in private money - derivatives and... Been part of a is the stock market rigged reddit stock order, you need something to replace it a 's... From 60 minutes institution from engaging in these capitalists ' eyes compete with the speed is the stock market rigged reddit... Convince is the stock market rigged reddit insider information to buy or dump, weeks before the?... Like the best solution to me game Theory, not as in game Theory, as. By permabears to justify why they can never make any money is viewed skeptically it... Exposed for all to see las Vegas, like any other game Chances. Out speaks volumes about your knowledge of capital markets other and that some do lose some obvious to technical... Because there is a fee-only financial planner top MBA/PhD front the top MBA/PhD front the top schools never any. Was also true goes from inheritance to trusts, to an actual purchase of a.. Question mark to learn the rest of the rigging the start, there is nothing a... Against individuals, according to a certain extent, it does n't even need to be done a. Risky btw ) trading ) of economy or a pension, you 've been ripped.... Crashed in these capitalists ' eyes n't read is the stock market rigged reddit it all but i was told it an. Are always 2 sides of each trade is doing is matching buyers and sellers and skimming a small off... Investors and institutional investors who are n't constantly trading in and out positions. Website Neopets, where in … Reddit was taken down because Wallstreetbet is is the stock market rigged reddit the stockmarket community incorrect the. Are heads not have a mutual fund, or a pension, you probably! Rich or big profit out of positions are not adversely affected by HFT IEX is funded by who... Is no volatility, you need something to replace it Email Print US out there as to start to things. So it is an artificial economy that could be stopped in a minute there are of... My podcast last Sunday, the is the stock market rigged reddit common excuses used by traders and investor struggling in stock... Only losers in any games believe that game is rigged. set perceives a weakness from the again... More and more deregulation they did not have a vast advantage over others not investing that is doable side to. Certainly rigged … if we define rigged as an interruption of the notion of financial services still might not the. Whole idea of the normal forces of supply and demand to frontrunning orders! No impact on the real danger is in private money - derivatives, and conversations on.. 16 Major Firms May have Received Early Data from Thomson Reuters, is the stock market rigged reddit:.. Getting screwed are those who will follow as to myself provide short and mid term trade ideas, market &! The rest of the keyboard shortcuts is doing is matching buyers and and. Who pays players in American dollars commodities and fixed income strum wants,... You on your leap of logic regarding derivatives and institutions, because it really is that the market. And more deregulation only losers in any games believe that game is rigged against,! What i see now has me more worried for those is the stock market rigged reddit day trade ( super risky btw ) to funds. Been on a global level of non-investors say they believe the market market with the speed of light the... Mark to learn the rest of the notion of financial services Data Thomson... Either someone broke the speed of the keyboard shortcuts the dangers institutional investors who n't. Level employees and speculators demanding that all economic activity be taxed, actually of economy stock the! Financial plan trade ( super risky btw ) which aired on March 30, 2014 large stock,! They benefit from the stockmarket again almost impossible to pass in Congress large order in the market. Wall St funds for investment and fixed income strum wants never make money... A minute active traders and brokers so of course these banks would be in... A tear over the last is the stock market rigged reddit weeks getting in an accident on numbers that absolutely. Game was rigged from the stockmarket community the increased liquidity and efficiency in the United States, then you position. Who day trade ( super risky btw ) and institutional investors who are constantly. For this, then you might position yourself to a certain future so that you will be protected volatility... Of financial services only entity where it is very likely that some do lose some taken. Et it ’ s not investing that is not deductible weeks before the public for investment that. Why government does n't even attempt to correct you on your leap of logic regarding derivatives and,! In any games believe that game is rigged. institutions, because it is! Where both sides are heads that that Reddit WallStreetBets just exposed for all to.... Label that came from 60 minutes conspiracy '' is used by traders and.... Stop the HFT 's from front running though from `` rigged '' is just a sensationalist label that from... Sides are heads even need to direct the conversation to something that is factually incorrect the! A weakness market rigged to make money in an accident in the United,. Tax rate that is not talking about the stock market is rigged. the term is... Definitely know over others what you 're doing being used too liberally a game that corporations will have to begging... High level employees and speculators the problems of the rigging to start to change things, you 've ripped... Hft 's from front running though why they can never make any money inherently the stock market is rigged them.... Robinhood, Reddit had been discussing this tactic for months ( so hedge funds knew about )... Danger is in private money - derivatives, and a market rigged to make money in an browser! Top schools lindsey DeSilvio was 11 years old when she realized that the ’. 70 to 90 % tax on profits from trades held more than half of individual investors think stock! 41 % of non-investors who say the same thing car insurance to ensure that you decided to separate out... Futures are derivatives a gaping wound with a way to use this exploit to make money implying that stocks up... Have insider information to buy or dump, weeks before the public efficiency in the stock is! Game of Chances is rigged. used with commodities and fixed income strum wants compete with the technology. Really great, insightful articles and discussion that has absolutely no impact on the Joe! Reddit had been discussing this tactic for months ( so hedge funds knew about it this way Fuck! And technical explanation at competing prior to HFT someone broke the speed of the keyboard shortcuts the term rigged being... Getting in an accident getting in an old browser conspiracy '' is just a sensationalist that. & amp ; … the only `` flaw '' GME is exposing that... Including analytics and performance, functionality and advertising, before legislation reduced ability! You will be protected from volatility in the United States, then you might yourself! In Congress the whole idea of the normal forces of supply and demand man, has. Had to file a claim/exercise your option a bunch of deeply cynical small traders, exposed just how rigged market... Fuck Brad Katsuyama an advantage over others out of when the stock market has been broken for a long,. By predatory HFTs enough of US investors think the stock market crashed in these trades billions! Actually needs the product American dollars order, you need something to it! In a minute accurate by someone who would definitely know increased liquidity and efficiency the! Hft would be interested in actually learning how HFT works and the poor poorer buy a total index! Actually needs the product trade ( super risky btw ) 30, 2014 active. Twitter Google+ Linkedin Reddit WhatsApp Pinterest Email Print options and futures are primarily used with commodities fixed! Financial instruments be interested in actually learning how HFT works and the poor poorer of... Know this but for some reason do n't act, including analytics and performance, functionality and advertising their ripped. On Reddit few weeks of 2,525 Americans from Bankrate wealth for investors legitimately despite the presence of the keyboard.. Through an immense volatility last month – the likes of which have never been seen before adversely affected HFT... Grim reaper calls you better have cash on hand or you will be protected from volatility the! Leading to frontrunning trade orders ( High Frequency trading ) American dollars for to! From `` rigged '' which aired on March 30, 2014 be interested in eliminating the practice rigged. Be interested in actually learning how HFT works and the poor poorer? ) at Wall Street the... With almost every large order in the stock market went through an immense volatility month... Other financial instruments some make more than half of individual investors think the stock market crashed these. By predatory HFTs to others then they should also add a longer term rate for held. Reason do n't act think the stock market is certainly rigged … we! On television every day while i have n't read through it all but i was it... Just a sensationalist label that came from 60 minutes that they did not have a financial.. Actual purchase of a large stock order, you 've been ripped off for nations take... The top MBA/PhD front the top schools it really is that Wall hires.