Trade was working. I closed it with a small profit.
Here's Why:
HFT's ruined this trade. High Frequency Traders stepped in and stole this from me. They trade like locusts, eating away any thought of momentum out of the movement of price. They eat profits by killing momentum and widening the spread due to the volatility they cause. Whenever you see the bid/ask line start jumping around and the spread widening on NO NEWS and maybe above average volume, take your profits or cut your losses. They will steal price movement and inject their fakery. They literally steal billions from the markets. It should be illegal to trade thousands of times a second. It increases volatility and when there is a flash crash, you know who caused it. Thats' right, HFTs are there to steal your MOMO, but provide ZERO liquidity to the market. NO STABILITY! They are not legetimate buyers and sellers. Not even speculators. They are thieves. They steal from you, me and everyone. They absolutely help no one, especially the Market. They hurt it. They cause real traders to walk away and they trade against themselves, buying and selling air and cancelling their trades before they are executed. It is WRONG. Make it illegal.
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Here's Why:
HFT's ruined this trade. High Frequency Traders stepped in and stole this from me. They trade like locusts, eating away any thought of momentum out of the movement of price. They eat profits by killing momentum and widening the spread due to the volatility they cause. Whenever you see the bid/ask line start jumping around and the spread widening on NO NEWS and maybe above average volume, take your profits or cut your losses. They will steal price movement and inject their fakery. They literally steal billions from the markets. It should be illegal to trade thousands of times a second. It increases volatility and when there is a flash crash, you know who caused it. Thats' right, HFTs are there to steal your MOMO, but provide ZERO liquidity to the market. NO STABILITY! They are not legetimate buyers and sellers. Not even speculators. They are thieves. They steal from you, me and everyone. They absolutely help no one, especially the Market. They hurt it. They cause real traders to walk away and they trade against themselves, buying and selling air and cancelling their trades before they are executed. It is WRONG. Make it illegal.