HFT'ers - High Frequency Traders are people or groups that have extremely fast internet connections and are usually set up in a building close to the market to ensure the fastest possible communication interceptions between markets and retail traders. They are the ones placing bids .0001 above or asks .0001 below retails traders, either trying to scalp those fractions of cents or trying to force you to splash the bid or lower your ask - all depends on their own goals. Once you see they are there you can use them as a buffer and run them up and down if you can figure out a pattern. Right now they look like they are just doing the usual scalping game, but if they get a trigger point on an algo, then they could buy a bunch or drop all remaining. They just have faster trading speeds and can affect the market faster than we can. Takes time to burn them down, if they decide to play stupid, but it cam be done. On Tuesday they rode my bids as far as I would test to see. Don't know if they were the ones that took it down from that beautiful staircase chart. That looked like a rather intentional game, and their algorithms and speed would give them the tools necessary to do get it done at the perfect time, with minimal risk.
