Comments by "N Marbletoe" (@nmarbletoe8210) on "The Wild $50M Ride of the Flash Crash Trader" video.

  1. Seems like every story has to have a hero and a villain. But in this story there is no hero, so people are pretending that he is a hero. we are a very creative bunch.
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  2.  @willygrags4367  yeah probably true. Justice applied unequally is unjust.
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  3. Or he's the guy who makes your purchase cost more and your sales net less.
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  4.  @jwonz2054  That sounds correct, no expert here. His spoofing sounds like a problem. That said, it probably was all the other major HFT algorithms that actually tanked the market, not one dude with a few million dollars.
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  5. Yeah looks like she doesn't want to say something
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  6. that's the trillion dollar question. so he spoofed a bunch of trades worth some millions... how in the world does that crash the world's largest market worth literally a million times his money
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  7. I agree. I think the guy is guilty of shady trading, but that doesnt' come close to explaining how it crashed Wall Street. A mosquito could crash a train, it really could happen. But to believe it we kinda need to know the actual details.
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  8. yes. we should have a fraction of a cent transaction tax... not to make $ from it but to buffer the high frequency trading
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  9.  @aaa1820-g4g  So many people confuse "manipulate" for "influence." The two things are similar in every day speech, but very different in markets. It's fine to influence the market. If you buy stock, it influences the stock to go up. That is normal. But trying to influence the market by lies or fraud would be manipulation. That is not fair, so it might be illegal.
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  10.  @btrasbt  That's "influence" but "manipulation" ? I think that has a more specific meaning, such as influencing a market by means of false information.
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  11.  @btrasbt  Sure there is also massive fraud by big players. But people are defending this guy like he is the last Buffalo Chicken Wing. He was a millionaire who (in effect) stole money from pensions using lies. That said, this video makes him a scapegoat for the flash crash, which is laughable. Can it be that Bloomberg is trying to hide something?
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  12. 100 million people make money in the market. very few of them spoof large volume trades.
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  13. fake orders
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  14. regular people get hurt financially when big shots play those games
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