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Alias Born 05/16/2012

Re: Duncan2 post# 12585

Wednesday, 05/16/2012 9:07:05 AM

Wednesday, May 16, 2012 9:07:05 AM

Post# of 120675
If a penny is traded very heavily, it most likely means that they are the ax.

Ax: The market maker who is most central to the price action of a specific security. The ax can be identified by spending several days studying level II quotes and noting which market maker seems to have the greatest effect on the security's price.

...

Identifying the ax is a common strategy among day traders, and trading in the same direction as this market maker can drastically increase a trader's odds of making successful trades. Any given stock can have several market makers, and the ax for any given security can change every day. It may take a trader several days to determine which market maker is primarily controlling the action of a certain stock.

Go hard or go home' GO UNQT 3 month .0800±
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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