system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: If 70-75% of all stock trades are executed by lightning-fast, software-driven, algorithm-based High-Frequency Trading (HFT), what advantage is there to the remaining 25-30% of trades occurring at traditional human timescales (especially those occurring on trade floors)?
gpt
not everything needs to happen lightning fast,
the fast trading really counts when you are "day trading" and looking for stocks that move in that moment(for example you see it start to go up you buy it you then wait for 10 mins you see it start to go down and you sell it,you are trying to get a profit by the minute or sometimes second).
but there are still a lot of people who just want to buy a stock and just let it be, for example you save some money and want to invest it so you go and buy some stocks or bonds buying it in lightning fast speed or waiting a couple of minutes has no effect for you.