HYBRID ....I can't see the difference...can you see the difference?
- Thread starter mcelitetrader
- Start date
It's a gold stock that is part of $XAU. Learn what the hell you trading, it's a stock moved by arbs & hedgies and the index. Specialist just pinches market orders in there and on occasion used to handle a real buyer/seller.
Now that there will be zero incentive to give any orders to the specialist, it might actually get better as there will be less guesswork where the liquidity is. What you see is what you get. Get used to the fragmented orders and dissapearing liquidity the second $XAU ticks once in a reverse direction.
They never provided liquidity at a risk, it was almost always at a profit. It really depends on order flow knowledge. And that's dissapearing from the floor.
Quote from JMartinez:
I can't help being accurate on the listed frontier vs. yourself being wrong, LOL Maybe go back and look at my prediction that I told you about last year or the year before. LOL!!!!!!
JM, among a few others, correctly predicted the trend. I did not doubt them, the signs for it started becoming apparent in 2004.
The funny part is how many very profitable & good traders simply refused to believe it. They just could not accept that tapereading NYSE was slowly becoming a thing of the past.
BTW, although I already started a thread on the topic. RDN this morning was pure Nazcrack action.
Well I watched some of the hybrid stocks pretty closely today and I must say it's quite abit like nasdaq. These things move fast just printing all over the place. The ecn's still bid and offer above and below the specialist but it seems much faster. Maybe Reg nms will stop some of this ecn crossing? Anyway just wondering if others are noticing the same thing?
-Guru
-Guru
I haven't noticed any slow ECN fills at all. None. The tape is looking like a back and forth algo, rather than the sort of wind up and pop that used to be nice to focus on, and I agree that the tape is less interesting now (though I do not believe tape reading will ever be useless until there are more marketplaces with real potential size in the mix). I feel more drawn to holding positions in longer swings. It's really hard to make it consistent, regular habit though. I wait more.