With firms like Citadel, Gecto, etc. employing high frequency trading tactics, has traditional day trading been forever impacted?
It definitely puts the small investor who chooses to pattern day trade / scalp at even further disadvantage.
My thoughts exactly. I just read Flash Boys by Michael Lewis, and although it seemed somewhat biased against HFT firms, it was eye-opening nonetheless. It seems that longer term investments may become the norm for individuals rather than day trading as more HFT firms emerge to provide liquidity to the market.