PropTrading Question

He is scalping half and quarter ticks by picking up liquidity inside the spread. Are there any sterling users who can comment if the net is with or without fees, cause while anyone with the right orders can do this its just the commissions will eat any profit. Would be interesting to know.
 
For example there are orders on different price level,like

Buy long at 4.14 1000shares
Buy Long at 4.13 1000
and so on until 4.04 1000

What will happen if the price will go down very fast to 4.04?
In my understanding you endup with 10000 shares, and a loosing trade.

I noticed he used very thick stock, so this may not happen.

Also noticed The P/L was increasing by one dollar.Still interesting to know the excact
breakout.
 
He only has those orders out so he is near the front if the price does move. If it moves hard he will cancel those orders. He gets a fill and then puts out a ARCA midpoint match or other similar order which then fills inside the spread. You need access to those type of orders in order to do this.
 
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