I usually play GS with the market. I know a guy that play it day in and day out. He told me he get better fills when he's in bigger size (1000 shares). I can't imagine GS going hybrid, its pretty horrible the way it is. So yea, you don't really know where he's going to fill you most of the time, but ECNs are usually there when you need them. I don't touch GS when its thin...
Adapting to the Hybrid
- Thread starter JGTrader
- Start date
I usually play GS with the market. I know a guy that play it day in and day out. He told me he get better fills when he's in bigger size (1000 shares). I can't imagine GS going hybrid, its pretty horrible the way it is. So yea, you don't really know where he's going to fill you most of the time, but ECNs are usually there when you need them. I don't touch GS when its thin...
You need a nimble program that looks for 5 cent moves in a stock and then hits it on a sweep, or have trigger points already entered to take advantage of a sweep. Working pretty well according to my guys. Need to anticipate.
Don
These hybrid bots are out of control. Every time I place a limit order, they jump in front of me. Scalping is becoming increasingly difficult in the nyse... They front run my 200 shares!!!
Yeah, by having orders generated at the end of a sweep, or having bids/offers in place, they tend to fade the sweep. I've noticed that at times I may have a .66 bid on, with a .75 x .78 market, without changing the market, it goes "hybrid brown" and fills me, and then right back to normal pricing.
And, yes, the guys who always make money are still making money...although adapting once again.
Don