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.
8
u/alice2wonderland 25d ago
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.