News for hackers. Stuff that matters.

A comment on Coinbase says buying and selling temporarily disabled amid price rout. Parent comment

Re:Coinbase says buying and selling temporarily disabled ami... by semi-extrinsic on Friday December 22, 2017 @12:30PM (#15989197)
At least in ordinary stock exchanges with HFT, stop loss orders are perfect devices for the HFTers when the price is approaching some psychological limit (say $100), they can push the price down momentarily and buy from all the average Joes whose stop loss orders just triggered, wait for the inevitable bounce and sell at a nice profit.
[ Parent | on HN ]
Re:Coinbase says buying and selling temporarily disabled ami... by chollida1 on Saturday December 23, 2017 @08:09AM (#15994026)
That isn't at all how HFT's operate.

We wouldn't generally touch an order type like stop loss, heck we wouldn't generally use stop loss limit order either:)

[ Parent | on HN ]
Re:Coinbase says buying and selling temporarily disabled ami... by semi-extrinsic on Monday December 25, 2017 @01:04PM (#16005053)
I didn't mean HFTers hold stop loss orders. I mean they look for others who hold stop loss orders to try and arb them.
[ Parent | on HN ]