The Superstar Effect
Apr 10th, 2010 | By Bella | Category: Mike Bellafiore's (Bella's) Blogs
High Frequency Trading (HFT) is supposed to be the new superstar on the Street. I wonder if this will be the case in ten years. More importantly, are we ignoring excellent trading opportunities because we perceive HFTs as the superstar?
The NASDAQ Day Trader used to be king. Tech and then Internet stocks rained money on then this new breed of trader- the intraday trader. The Floor Specialist used to be the man. And then technology sadly ended the careers of many decade plus, seven figure and legendary floor traders. Brian Hunter was the most brilliant natural gas trader in the business and then one day he almost took down a multibillion dollar fund, Amaranth. A writer friend of mine told Read more [...]





