本文发表在 rolia.net 枫下论坛Big guys make mistakes, too. They could get seriously hurt in this game. Of course, it is we individual investors or short-term traders who hurt them. It is other big guys who hurt them. Or they made some stupid bets by themselves.

We are just some parasites in the stock market. Don't assume that institutions will manipulate the market to slaughter us. Mutual funds dislike us, but hedge funds do not. The game is done among them. When they moved, we could pick up some craps to feed our mouth. Sometimes, we could also be crashed like to an ant if we are on their way.

This game is not designed for us small guys, or designed to protect us small guys. It is meaningless to talk fairness in the stock market. Trust me, big buys do not take it as fun torturing us small guys. Institutions are run by human beings. What they are doing is to protect their interest. Their enemies are their peers. Whenever they want to move, their peers may take their advantage. We small guys are looking at them, too. Sometimes, they have to buy up or pull down a stock, but it cannot be called manipulation. The crowd effet is there.

At Jesse Livermore's time, the US market was very simple, and there are a very limited number of players. Therefore, one could manipulate the stock. Even at that time, the manipulator paid big prices and often got broken.更多精彩文章及讨论，请光临枫下论坛 rolia.net