Continuing from the perspective of buying a car: If I put a sell order on the ma... | Hacker News

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Retric on Oct 9, 2015 | parent | context | favorite | on: Why Do High-Frequency Traders Cancel So Many Order...

Continuing from the perspective of buying a car:

If I put a sell order on the market at 12:00 the only impact is the sales price. If it executes at 1PM or 2PM it makes zero difference to me as I can only access money at the end of the day. So, I only gain liquidity if I would have been otherwise unable to sell by the end of the day. Therefore, I don't gain liquidity from HFT.

yummyfajitas on Oct 9, 2015 [–]

If you don't want liquidity don't buy it. No one is forcing you.

https://www.chrisstucchio.com/blog/2014/how_to_not_get_rippe...

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