When we can adjust to HFT, we can take advantage of it instead of being taken advantage of. Is the flash crash in 5/2010 caused by HFT or just an order entry error? They could drive the market to a temporary low and hence cause all the orders traded at lower prices.
I use market orders very infrequently and only for some good reasons. I seldom use stop loss that can be converted into market order that can be manipulated. I use stop limit to some small extend.
HFT will see their black swan and their fund managers will lose their shirts and out-of-work for good. For these folks, you may want to brush up your resumes and do not spend your loots as your days are numbered.
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