An Improvement To The Three Second Hold Rule
The rule that a broker has to hold a share for three (3) seconds, or one hundred shares for three hundred (300) seconds, can be improved. Brokers wishing to game the system will simply proliferate buy orders, and hold multiple buys of consolidated numbers of shares for three (3) seconds. To limit this, each broker could be limited to one buy per second. In this way, if he wishes to invest in 60 companies, he will have to use 60 seconds to put the buy orders in. If he wished to buy 1,000,000 shares, but only wishes to hold them for 1000 seconds ( 16.6 minutes,) he would be forced to put in 1000 buys of 1000 shares each. This process would force him to use 16.6 minutes in the buy process, after which each individual buy would be ready to sell in 50 minutes. Computer programs written to optimize time to hold v time to buy would be forced to keep track of all the buy orders. An alternative would be to attempt to consolidate all buy orders, but this is game-able by a round robin ...