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by prodigal_erik 3596 days ago
We're paying entirely too much for liquidity that value investors don't need. If my holding period was less than a day, that's a buyer and seller who would have found each other without my "help", and I didn't contribute any insight about the company's value, just about flaws in the marketplace.
2 comments

Feel free to place a limit order for the price you want instead of taking the liquidity from the HFT.
Thank you for demonstrating my point!