Hacker Newsnew | past | comments | ask | show | jobs | submit | hchz's commentslogin

Right, sure, and that game is not lifting the market, generally speaking.


Other market makers are often moving away from something they've seen but you haven't yet. When whatever that is hits you, the fills you got from the other market maker will look really bad.


Sure, but those short-term active strategies have little impact next to what big paper will lift in major macro markets.


Not sure exactly what you're trying to say but let me tell you, fills from other HFT firms are highly toxic.


Not aware of a market maker that also doesn't take liquidity as well. In fact, it probably would impossible to market make without also taking (you wouldn't be able to provide liquidity if your quotes were in cross with the market).

That said market makers do a lot more making than taking.


The author only said they took classes in nuclear engineering.

I think it’s unreasonable to classify someone as an expert because they took a few courses in the curriculum for a related discipline.


Sylvia Plath was publishing complex poetry at 8 and was already showing the intense and dark themes she's become an icon for at 14.

If you haven't dealt with what Plath or this woman has, or are some credentialed authority on early childhood development of exceptional children (or poetry), I can't understand why your speculation on this is worth listening to.


8 and 14 are not 5, and I'm also skeptical, but also not an expert in any of these areas.

For comparison, here is the "complex poetry" Plath had published at age 8 (titled simply, "Poem"):

"Hear the crickets chirping

In the dewy grass.

Bright little fireflies

Twinkle as they pass."


Another perspective - the ETF tracking shipping indices (BDRY) is outperforming every other US ETF for 2021 YTD at 177%, including leveraged index ETFs.

https://etfdb.com/compare/highest-ytd-returns/


Tempting, but good God, that expense ratio. The highest I've ever seen on an ETF.


An even better reason might be that the operator has been fined more than the market cap of this fund.

https://www.investmentnews.com/etf-managers-group-nasdaq-fin...


You're not joking:

> Expense Ratio 3.32%

https://etfdb.com/etf/BDRY/#etf-ticker-profile


This is a myopic take on both Levine's writing and the external impact that stupidity can have on other market participants, positioned in entirely different assets.


snakedoctor, you have borderline traits and should try to work with a therapist to gain insight into the dissonance between how you see yourself and how others see you. It is not realistic for you to achieve your goals without working on your mental health first.


Sure, it's regulated, but which regulation states they have a fiduciary duty to you?

Given they are currently arguing in court they have no such duty, but only to act in their customers best interest, perhaps this isn't sufficiently clear to them.


Most of this is misdirection intended to confuse the case around his recent pumping.

Perhaps Chamath had reflected on why a celebrity shouldn't be pumping a derivatives trade on Twitter.


A MM expects to make pennies for selling an option.

If there is a sufficient squeeze, and GME doesn't issue new shares, each of those options (especially those purchased earlier) will result in tens or hundreds of dollars of profit to the holder.

What's your math for asserting that Citadel is making "the most money" "by a huge margin"?



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: