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Yes, these criminal masterminds found a way to swindle honest hard-working themselves out of 440 million dollars and "get away with" a cool extra -12 million.
by notaddicted 13y ago
Yes, these criminal masterminds found a way to swindle honest hard-working themselves out of 440 million dollars and "get away with" a cool extra -12 million.
- mcphilip 13y agoThey also amassed over $3 billion net short positions spread across 75 stocks during those 45 minutes causing significant losses to investors with stop loss positions triggered that would not have happened without Knight's erroneous trades. They didn't just harm themselves...
- notaddicted 13y agoYeah, actually now that I'm reading the SEC report it appears pretty seriously reckless, also their lack of capital thresholds.
- lmm 13y agoStop loss orders amplify market instability. People with them deserved what they got.
- sfbsfbsfb 13y agoYou obviously have never traded stocks and I would strongly advise against it.
- kevinpet 13y agoAnyone using stop loss orders harmed themselves. It's like saying that you wouldn't have gotten hurt rolling down the steepest hill in town on a skateboard with no helmet if someone hadn't parked in a red zone.