Where values likely between .00010 - .00014 will show up as .0001 on our side of the market and values that show up as .00015 - .00024 will likely show up as .0002 on our side.
But there's something else I've noticed.
The MM's must be making a killing on us at some of those prices.
For example, the MM's may have a sell order for .00014 behind the market and we buy it for .0002 on the front end of the market.
The MM's made a profit of .00006, in this case, for every share we buy at .0002.
Don’t seem like much? then how about we multiply 1,000,000 shares by .00006, we'd get $60 profit for ever million block of shares we buy.
Still don’t seem like much? then how about we multiply $60 times every million blocks share sold through thousands of ticker symbols all over the stock market throughout one trading day. Then multiply that times an average of 20 trading days a month through 240 trading days in a year for decades.
(Kinda makes ya wonder where the hell is all that money been going.)
People I’ll tell ya, when I started trading I didn’t have a damn clue. I just dived right in. IPKL was my 1st stock purchase and was picked from throwing darts at a list of randomly picked tickers papered up on a dartboard. It was my very first stock purchase. I was a real happy and proud fool. (Fools and money are always departed)
But now, how much I’ve learned since then scares even me sometimes.