HFT :(

IMC's purchase of Goldman's NYSE unit does not bode well for day traders. High frequency trading has been a frequent topic of discussion since Michael Lewis' book Flash Boys came out. Basically high frequency traders rule -- they have all the money now, the rich get richer, and it is only going to be harder for the little guy to make it. With so much money and power, HFT will never go away. Anyone that trades professionally as a human will tell you that HFT is infuriating. It is pretty much impossible to get stock you want to own and get out of stock you want to sell at the prices you want at the time you want. The bids and offers you see are never real. That is why if you are a human without access to fast, expensive wall street research or a bloomberg terminal or some super awesome news aggregator (even then, it's really hard), using Jim Cramer's slow, methodical approach to investing is probably your best chance at success...