dirty specialist trick against scalpers

[howardy2k]

a scalping scenario:

say u just bought x number of shares and now ur trying to sell a few cents higher. how many times have u seen him lowering his ask with the same exact number of shares u have just bought? also notice how he will keep lowing his ask until the trade has gone against. once he realizes that u are about to cry uncle, he will change his bid size to match exactly the number of shares u have left. from my experience, i have found that he will get ur shares no matter what. the longer u hold the more pain ur going to feel.

i have seen it way too many times to think its just a coincidence.

am i paranoid?

 

[BOSS_HOG]

no you are not paranoid, its a conspiracy

 

[TMTrader]

you are not paranoid, they are REALLY after you.

 

[inandlong]

you might be paranoid and they are after you.... gotta cover all the bases here.

 

[WDGann]

If there's no edge don't trade it.

No, you are not paranoid... just delusionary...

 

[maggandre]

Quote from howardy2k:

a scalping scenario:

say u just bought x number of shares and now ur trying to sell a few cents higher. how many times have u seen him lowering his ask with the same exact number of shares u have just bought? also notice how he will keep lowing his ask until the trade has gone against. once he realizes that u are about to cry uncle, he will change his bid size to match exactly the number of shares u have left. from my experience, i have found that he will get ur shares no matter what. the longer u hold the more pain ur going to feel.

i have seen it way too many times to think its just a coincidence.

am i paranoid?

Are you trading a stock with an average daily volume under 5K? If so, you may be right.

:eek:

 

[solid]

happens all day long everyday, unless you are trading a liquid stock. specialists are scumbags, if i ever meet one i'm going to drop him.