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lucky, mydog

06/23/17 12:45 PM

#122409 RE: tedpeele #122408

mm's make there money on the spread. direction does not matter.
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elbiatcho1

06/23/17 1:17 PM

#122412 RE: tedpeele #122408

Are you simply sitting on the bid in a price gap?

Because that's what it sounds like.
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236T568

06/23/17 1:41 PM

#122414 RE: tedpeele #122408

has it ever occurred to you that there are other retail buyers that also want to buy the stock and put an offer to buy slightly above you at the high bid?


Why do they jump in front of me in line sometimes to buy what I want to buy - thus encouraging me to raise my buy price?


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janice shell

06/23/17 3:56 PM

#122458 RE: tedpeele #122408

how do you know? I keep getting responses like yours but nobody seems to be able to explain them.

It's been explained more than once. MMs profit on the spread. The higher the volume, the more profitable for them. They don't care what the price is.