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With the algorithms, just a few is all that's needed nowadays.

Very correct & very well said! The same applies from the opening bell if let's say you open a trade for even just 1k shares on a low liquidity stock, in situationis where your counterparty is a MM or specialist, you can almost expect the stock price to "artificially" turn against you for a...

So anytime a retail trader starts getting elated about having learned a few ropes of the game & shares with others, he's written off as a loser? Some of you sound quite arrogant--just like the specialist firms that you are probably working for.

With each posting, you are becoming more & more concerned. It's all right; just close your eyes, & breathe slowly & deaply.

Funny, but definitely leads a person to the wrong conclusions!! A specialist is supposed to make (repeat after me) "a fair & orderly market", and that does not happen. Point 2: at least Scalper, kickboxer, myself, & a couple others on this thread have a good explanation why 90% of daytraders...

So you last 3 posts want traders to live in the illusion that the specialist doesn't care about his retail order? Would you also deny that the specialist likes to take out stop losses--albeit it's a known fact?? Well, at least it's quite clear to me there is not much difference between if they...

My impression is that part of the artificial intelligence is identifying the enemy & squeezing him out. E.g. while usually if a big bid is placed it can have an impact on the stock, but if the day trader already took up a position & is being squeezed puts in another big bid, it won't help him.

...unless you are placing a big enough trade to give reason for the specialist to do a reversal--noting he is usually your counterparty. EDIT: By the way, "big enough trade" momentarily can be pretty small (till the stocks course continues)

When you say "trained", do you mean through pattern recognition (i.e. of the trading activity) it makes educated guesses, or through gathering the blantant facts?

That's for the no-brainers; however, I'm sure they go on manual override as well, and could contact brokers quite easily (if that would be part of their procedure).

Is it commonplace for specialists to have "their connections" with individual brokerages (or perhaps with individual employees(s)), who may help them identify customers in tiight positions?

To be a successful trader you must know the rules of the game. You must also know if information about you is "leaking" to your likely counterparty (i.e. the specialist). I know the specialist is able to identify YOU as a retail trader and knows which broker you are trading with, and can...

Thank you.

Hello; anyone here use Elite Trader?

Can anyone explain what this is all about in layman's terms? Is this merely a way for the shorts to reshuffle their positions between accounts to cover outstanding short positions (between accounts) & to prepare them for the next phase of onslaughts? This is what I found, but I don't...

THank you. THis is an important posting.

Is it true that a specialist could do naked shorting without restriction for a certain limited period of time (3 days?? 14 days??)? Are they also able to get around the above restriction by selling from one account to the other, & then they can start again? If yes to the both above, what...

Hottpotat0, Thank you! Bogan, it seems with ALL your experience, knowledge & powers of critique, if there would ever be someone who could counter hottpotat0's posting, it would definitely be you...

My friend, I've been on this board longer than you, and have been an active trader about the whole time.

Anyone from IB?