Posted by chartboy on 26th of Aug 2011 at 12:45 pm
They see every order on their books. In other words..if your
order was routed to them, they would see your order as well
everyone elses with similar orders.
If you placed your order using common text book criteria you can
be assured you and piles of other folks all had stops at the same
levels that were an easy target.
Once they get the stock up down enough to trigger all the
stops they can simply use the sell orders to jam the
stock down further, then"plug" the tail end of what are now
mostly all stops that triggered market orders...then fade
away and bid it up once they have filled them all at the lows.
taken out
Posted by mmunford on 26th of Aug 2011 at 12:39 pm
what do the traders see on their computers? I had a Stop on FAZ of 58.60 when it was trading at 59, took me out then ran up to 59.40 WOW
They see every order on
Posted by chartboy on 26th of Aug 2011 at 12:45 pm
They see every order on their books. In other words..if your order was routed to them, they would see your order as well everyone elses with similar orders.
If you placed your order using common text book criteria you can be assured you and piles of other folks all had stops at the same levels that were an easy target.
Once they get the stock up down enough to trigger all the stops they can simply use the sell orders to jam the stock down further, then"plug" the tail end of what are now mostly all stops that triggered market orders...then fade away and bid it up once they have filled them all at the lows.
thanks for the comment, my
Posted by mmunford on 26th of Aug 2011 at 12:54 pm
thanks for the comment, my gut was to just watch and not use the stop