Leaning on large bids - a dangerous game

tripledtrader · Aug 27, 2012

Somebody bid a million shares of Citigroup at 29.80, and the bid suddenly got slammed out. Its a dangerous game to lean on these bids if you don' t have HFT speed.

http://premarketinfo.com/2012/08/27/leaning-on-large-bids-a-dangerous-game-for-human-traders/

Any traders get caught in this today?

athlonmank8 · Aug 27, 2012

So you just go around here advertising your site posting this useless info?

tripledtrader · Aug 27, 2012

It's not very often you see a million share order in anything anymore. I was curious to get some thoughts here. Wondering if any traders in here are still playing the leaning game, or particpated in this trade today?

Secondly, my site sells NOTHING....so what am I really advertising? If it's useless info to you...sorry to waste your time, don't click the link.

billyjoerob · Aug 27, 2012

I don't have anything to add to this, except to say that the link is very interesting. wondering if anyone could profit by setting a short order right under the bid.

andread · Sep 2, 2012

Quote from tripledtrader:
Secondly, my site sells NOTHING....so what am I really advertising? If it's useless info to you...sorry to waste your time, don't click the link.

http://premarketinfo.com/education/

We will be offering online trading webinars, and in-person trading seminars shortly.

So I shall assume this is for free? Especially the in-person trading seminars? That sounds really cool.

clearinghouse · Sep 2, 2012

Quote from tripledtrader:

It's not very often you see a million share order in anything anymore. I was curious to get some thoughts here. Wondering if any traders in here are still playing the leaning game, or particpated in this trade today?

Secondly, my site sells NOTHING....so what am I really advertising? If it's useless info to you...sorry to waste your time, don't click the link.

I like your site; I do not want the mods to flag your articles as spam or advertising. The content is very good. And although I am not a manual trader, I enjoy the manual-trader perspective spin you put on things. It's very beautifully written, illustrated.

Please dismiss the criticism from others. You do have some fans.

tripledtrader · Sep 2, 2012

Quote from clearinghouse:

I like your site; I do not want the mods to flag your articles as spam or advertising. The content is very good. And although I am not a manual trader, I enjoy the manual-trader perspective spin you put on things. It's very beautifully written, illustrated.

Please dismiss the criticism from others. You do have some fans.

Thanks clearinghouse, much appreciated.

I do apologize if my link came off as spam, wasn't intended that way.

tripledtrader · Sep 2, 2012

Quote from andread:

http://premarketinfo.com/education/

So I shall assume this is for free? Especially the in-person trading seminars? That sounds really cool.

Hi Andread. Call us stupid, but we have no plans to charge for anything at this time. We did a webinar on High Frequency Trading last month, and it was free as well.

andread · Sep 3, 2012

Quote from tripledtrader:

Hi Andread. Call us stupid, but we have no plans to charge for anything at this time. We did a webinar on High Frequency Trading last month, and it was free as well.

I can't call you stupid for that, because you obviously want to charge something later. Even if I wanted to believe that those webinars are for free, I definitely can't believe that the in person seminars are.
At least I appreciate the honesty.