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What A Novel Idea! (sarcasm)www.zerohedge.com/markets/americas-first-24-hour-stock-exchange-gets-operational-approval
274 sats \ 4 comments \ @siggy47 1 Dec Stacker_Stocks
Emerging from the stone age.
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43 sats \ 0 replies \ @BlokchainB 1 Dec
Allowing overnight trading subjects retail investors to new risks, he said. “Retail investors trading during an overnight session will be trading in a market where there are few buyers and sellers, and where prices will be more volatile and less favorable than during normal hours.”
😂 this logic is so dumb. If people are long term investors then this is moot
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43 sats \ 1 reply \ @SimpleStacker 1 Dec
They're just catching up to bitcoin
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0 sats \ 0 replies \ @siggy47 OP 1 Dec
Exactly, but very slowly.
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43 sats \ 0 replies \ @Rothbardian_fanatic 1 Dec
Allowing overnight trading subjects retail investors to new risks, he said. “Retail investors trading during an overnight session will be trading in a market where there are few buyers and sellers, and where prices will be more volatile and less favorable than during normal hours.”
“This means that, during overnight sessions, retail investors will only get the best prices in a bad market, thereby losing money if they had traded during normal business hours,” he said.
What a crock of sh*t. The markets are open 24/7/365 right now, if you will use online brokers and online connections to the automated, computerized exchanges. I have traded at night, myself, and had at the market orders placed “at the market”. As for the whinging about risk, it is all risky all the time, so complaints about risk should fall on deaf ears. Liquidity complaints are also unnecessary because there are times when the main exchanges are “illiquid” and selling stocks are not possible. Ever hear of limit up or limit down? They halt trading for a period of time in that stock. So, there are no really valid reasons not to trade on a 24/7/365 basis.
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