On top of this, most movement happens in off the market exchanges pre - and post market; which in essence, put retails at a disadvantage. It's a false sense of security, for markets to be closed, because they really aren't. You are secure when close the position. The people crying about this really shouldn't be trading if they can't sleep "now that the markets are always open." Ultimately, I think this is far more fair.
Some of us have accounts that permit pre and post market trades. Albeit, you need to factor in that there are rules that say "whales first" so it's still harder for retail to trade in the after hours. For my part, I liked having a pause on all trades for at least some of the hours in a week. This favours algorithm bot trading for sure, and sounds like a recipe to discover much more about the impact of computer glitches.
Clearing house technology is likely so grossly over engineered and heavily insured as people will kill over money; likewise, I think its vapid to talk about computer glitches.
The thing with algorithm trading is that it's merely a script. You have your inputs (data) and outputs (the reaction). Anyone can do this. I think there's a misconception that you need a PhD in Math to attempt this. Likewise, there are iterations to that code that get you a potentially better output by modifying the inputs. The question is, does this make you a better trader? From the outside is appears so, or at least it gives someone the out to say it was rigged by bots anyway.
Yeah honestly especially for this sub I expected to
See people happy in the comments, instead I see lots of “now I will never be able to sleep from stress”.
Thought people would be rejoicing this since markets close for the normal ppl but some can still trade which has always sounded weird to me
tbh most stop losses are just food for algos unless you set it quite low. Idk if retail can really win unless it’s buying and holding long term regardless of all this 24h nonsense. Sure you regards gamble and win sometimes but you could do that in las vegas too
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u/InterestingThought33 25d ago
Stop loss has entered the chat … you guys have never met him.