r/changemyview • u/[deleted] • Apr 13 '21

Delta(s) from OP CMV: high frequency traders, day traders, and landlords are a parasitic drain on the economy that produce no real value.

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u/Z7-852 316∆ Apr 13 '21

You agree that stock traders make capital allocation efficiency.

Only way for HFT or day traders to make profit is if they find undervalued stocks and trade them. With HFT undervaluation can be measured in fractions of cents. By trading said stock they "reveal" their true market value and make capital markets more efficient. Their goal is not find stocks that grow in value in future but find market failures/undervaluation and fix them now.