Identifying bid/ask of retail traders

O

Option Trader

Is it true that on level 2 there is a difference in the color?? when a bid is placed by a retail trader?
Is there some other way of identifying who is a retail trader (e.g. with IB? Thinkorswim?)
 
Quote from trom:

No.
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It seems quite obvious the MM's & specialists are able to identify retail traders, so it's surprising we can't identify each other.
After the trade is it possible?
 
Quote from Option Trader:

It seems quite obvious the MM's & specialists are able to identify retail traders, so it's surprising we can't identify each other.
After the trade is it possible?
More...

Obvious in what way?
 
Quote from Option Trader:

In other words??
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What? Institution investor chose smaller size and different route all the time; you just can NOT be sure which is retail/ or not. But sometime; people can "feel" the order are likely retail.

Stop wasting your time on it; Nothing is real except price action.

by the way; specialist are front runner; they don't counted as real traders.
 
Quote from number22:

What? sometime institution investor chose smaller size and different route all the time; you just can NOT be sure which is retail/ or not.

Stop wasting your time on it; Nothing is real except price action.
More...
When you think maybe someone "overbid", if it's a retail trader I would be more tempted to take it out.
 
Quote from Option Trader:

Among other factors, the MM knows which broker, the specialist somehow "knows" where are the "pressure points".
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If you are bidding/offering on a direct access platform, choosing what ECN to use, your order on BATS/ARCA/EDGX looks exactly like mine.

The specialist is a mindless computer program.
 
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