Shhh don't tell anyone.. but if I'm in a OTC stock that is thinly traded, I sometimes add a couple of extra MM's to either make the stock look weak.. or strong depending on which way I want it to go lol...
Amateur penny traders put to much emphasis on L2's.. a person with an ECN can route multiple MM's to give that "stack" appearance. L2's really are used for order execution.. your real time charts and T&S are the tools you use to determine buys/sells.. not L2's.
Ever seen that penny stock where the bid or ask melts away on tiny little 500 share blocks??? heheh That's an ECN trader playing mind games with the noobs.
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