lol
As a former MM, What are your thoughts on the below description of MM role in the process?
“What?! They get paid in commission for moving stock for a specific company.
Every market maker has inventory given to them by the company at one point to create liquidity. Then a ticker like IGPK comes around. It’s worthless, but the owners want a run and pay the market maker to create liquidity. The MM gets paid by how much inventory they sell. They don’t buy anything, they sell you stock and then steal it back if you’re stupid lol
Retail has not control
Buy the bid or buy the ask that’s alll there is
Market makers work with each other faking bids and faking asks.
Market makers do not buy stock off you and sell it higher for profit. lol
It’s quota that matters and how much the owners of the stock gets sold for them.
If it’s a rinse, then the maker moves it accordingly, especially with the otc. If there’s a rinse, that’s the agenda.
The chart is the only salvation and tells the story. Retail have no say here, the weekly has not formed to bullish.
If it sees price action in the .002 to .0023 like it’s seeing in this range and the chart backs it up. It becomes a different story.”
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