SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Georgia Bard's Corner
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lola who wrote (7729)11/27/1999 8:09:00 AM
From: ChrisJP  Read Replies (1) of 9440
 
Hi Lola, it's very difficult to explain the difference between front running and momentum trading because there is such a fine line, thereby making it very easy to rationalize. I tried to explain it to someone in simple terms once. I'm pretty sure she understood what I was saying, but I don't think I was 100% convincing.

Here's some way they rationalize their involvement:

1. Institutions trade on inside information and rumors all the time. They know the good news before the general public does and they know the bad news before the public does. A tough one to refute, even with laws against trading on insider information.

2. Nobody forces anybody to "pull the trigger". If you go to a casino not knowing the odds favor the house, who's to blame when you lose money ? The counter to this one is that typically, the person standing next to you making bets and suggesting what to bet on doesn't work for "the house" ?

3. The money comes from a faceless entity of the electronic trading system. You buy, you sell, you make or lose money. You never interact directly with the other players so it's easy to pretend that you haven't done the equivalent of telling them to "look over there" and then pick their pockets. It's easy to feel there's no victim because you never see them and because of point number 2.

The response I love the most is when they stop by to brag about how much money they made. Kind of like a gambler bragging about winning with marked cards !!!!!! LOL ! When they do that, they show their true colors.

Regards,
Chris
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News