"It's in the mm's hands."
Actually it is in the traders hands - just ask Er0ck!
More like in the hands of any trader with more than one account.
These posts are VERY educational about traders.
Er0ck
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Monday, November 14, 2011 5:42:00 PM
Re: fourkids_9pets post# 3267
Post # of 3289
Again you got a lot to learn buddy. If you see the ask "stacked" with
what looked like a wall, and then after it get's hit it "goes away"
right away, that again has nothing to do with the "market makers",
those are trigger trades. If I see someone get on the ask with a big
buy, I can jump right behind him at the same price with a large number
of shares to make it look like a wall, but I can set a trigger to
automatically remove my order once that price gets hit. It's as simple
as that bro, no "dirty Market Maker games" needed here.
I can also do "iceberg" sells on the ask where it only shows "X"
amount of shares, but every time someone slaps it more MMs keep
popping up once one gets knock out.
Like I said before, to the inexperienced this looks like the market
makers doing these "tricks" but in reality it's done by the traders.
If a market maker moves to a certain price, down ticks, up ticks, puts
up a fake wall, hides shares, stacks the ask, etc... etc... etc.. they
do it because a trader is routing their orders through and telling the
MM to do this at this price or that at this price, not because the MM
it self is doing it on it's own.
Your logic and theories are sound, they are how ever incorrect. Those
SEC and FINRA reports you are talking about have MUCH more to them
than what most people realize. What you see in the report is not
usually what you get, which is why you see the discrepancies that you
do. Just like most people see the "daily short list" and actually
think that is a list of just "short sells" in a stock. In reality that
list is made up of market maker trades as well, and market makers are
considered "short" if they give shares to a buyer before going out
into the market in buying the same amount of shares back. These also
get added to that list but you always see people on I hub quoting the
daily short list as if it actually showed the exact true numbers of
short sells during the day. In reality most of the trades listed on
that list are simply normal trades that get recorded as "short sells"
due to how they report the sells. So basically the data on that is
usually pretty useless when trying to find out how many true shorts
sells took place in a stock.
This is just one example of how you can be reading something, and
believing it's telling you one thing, but in reality its not what you
think.
Again, everything you have brought up about the "market makers" is
something that I can do with a few mouse clicks. The market makers
them selfs are not doing any of this, it's the traders. Please
understand this.
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Er0ck
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Monday, November 14, 2011 4:24:06 PM
Re: fourkids_9pets post# 3241
Post # of 3290
You got a lot to learn about Market Makers, no offense or anything,
but the "Market Makers" are not going out and buying shares and
holding the price down and bid wacking... The market makers are
controlled by who ever is using them... IE I could get on NITE or HDSN
my self and lower the ask to 1.25 or what ever, and stack a bunch of
shares on it. Or I could get on bid, and up tick it, etc. When you see
that happening thats not he "market makers" doing it, it's what ever
stock trader that is using that market maker doing it.
So please, don't blame the market makers, blame the traders who are
using them, as they are the ones controlling how this, and every other
stock trades. The market makers are simply "there".
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Er0ck
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Monday, November 14, 2011 4:47:21 PM
Re: fourkids_9pets post# 3253
Post # of 3292
What are you disagreeing with, do you want me to get on there tomorrow
and "control" the marketmakers while you watch on Level 2 to prove to
you how it actually works? I will tell you the exact market makers I
am about to use if you want as well, so you can watch them "move" up
and down.
I am trying to help you understand how this actually works, and make
you a better trader. If you want to ignore facts and continue to
believe incorrect things that is fine, go for it, but all I am trying
to do is cut down on a little bit of the ignorance that seems to be
all over ihub.
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Enjoy the day - over and out!
AI
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