Finally, why shouldn't the stock market be glacially slow?
If Alice wants to buy and Bob wants to sell, and they've agreed on a price, what right do you have to demand they wait?
If I want to buy GOOG with a stop-loss under last week's low, you have no right (legal OR moral) to prevent me from doing that. You may call that an "undesirable short-term trade", but I'm not gaming the system, I'm limiting my losses.
If you get your way and trading becomes severely restricted, just watch how fast capital moves offshore to more user-friendly exchanges. That would not be good for the USA.
If Alice wants to buy and Bob wants to sell, and they've agreed on a price, what right do you have to demand they wait?
If I want to buy GOOG with a stop-loss under last week's low, you have no right (legal OR moral) to prevent me from doing that. You may call that an "undesirable short-term trade", but I'm not gaming the system, I'm limiting my losses.
If you get your way and trading becomes severely restricted, just watch how fast capital moves offshore to more user-friendly exchanges. That would not be good for the USA.