[meltedcapacitor]

Beauty is in the eye of the beholder.

- Frontrunning and market manipulations are as many opportunities: the game for small players is to detect occurrences and free ride them. In clear markets there's no opportunity left in fast trading for anyone without access to institutional fee structures.

- Exchanges doing a runner: diversification and gross (not net) leverage can mitigate that.

- Price crashing: be short-only or market neutral (long=short) if need be.