655 upvotes, 4 direct replies (showing 4)
Stockmarket laws do seem deliberately written so that it's ok to manipulate the market so you can make a profit but that others aren't allowed to manipulate it to stop you.
Says alot about our society that, so long as a profit is made that's all that matters.
Comment by MookyOne at 27/01/2021 at 04:06 UTC
74 upvotes, 0 direct replies
Over the past 3 days I've learned about short ladder attacks and man are they scummy.
Comment by lilspaghettiboi at 27/01/2021 at 02:43 UTC
269 upvotes, 5 direct replies
nah. SEC actually has pretty strict rules about acceptable manipulation, and it's very limited. Even from an incredibly cynical point of view, it makes sense - The primary people in the markets are very very rich, and do not want people to think it's ok to cheat or steal from them.
Comment by npsimons at 27/01/2021 at 16:57 UTC
1 upvotes, 0 direct replies
so long as a profit is made that's all that matters.
So long as the **rich** make a profit, that is all that matters. Us filthy plebs aren't allowed to get rich, then who would work the bullshit jobs for less pay than we're worth?
Comment by Neato at 27/01/2021 at 04:31 UTC
-3 upvotes, 1 direct replies
Indeed. Day trading, hedge funds, etc should probably be illegal. The whole point of the stock market: to invest in companies publicly that you believe will grow in valuation, is inherently a middle to long term investment. Trading back and forth daily or hourly seems more like gambling and/or taking advantage of by-the-minute information to hedge out normal traders.
Or maybe just institute a trading tax on every transaction. Then it would get prohibitively expensive to trade without intent to cash out for a significant profit.