Prove to me that Technical Analysis Works.
- Thread starter TazTheLaz
- Start date
I'm not sure what you're asking. I was trained and mentored by MMs and insiders, so not sure what your objective is. Mine is simply to help other traders achieve realistic, better outcomes by helping them understand how big money and stocks actually are manipulated and move.
Anyone who wants more knowledge and understanding, I'm happy to share. Anyone who's happy with what they're doing is welcome to do so with my blessing and good wishes.
Happy trading, all!
Anyone who wants more knowledge and understanding, I'm happy to share. Anyone who's happy with what they're doing is welcome to do so with my blessing and good wishes.
Happy trading, all!
I assume you worked in the industry? Can you give us a little history?
To learn if I should take you seriously. There are things about the way the market works that I still have to learn.
If you want to gain knowledge, I'm happy to help de-mystify the market for you.
You should decide whether to take anything I say seriously by asking am intelligent questions, then see if it holds up to scrutiny. Opinions, including mine, mean nothing, they're like a**holes, everybody has one, what matters are facts and outcomes. Here's a freebie...
Bait
Technicals are MM "bait." MMs can manipulate any price, up or down, at any time, simply by putting in massive buy or sell orders, to move the price in any direction. They can also create any level of volume they want in a moment, by selling large numbers of shares laterally to themselves along the way to lure in traders. These conditions pull in technicals traders.
These "bait" conditions are constantly monitored by MMs, then used to trigger technicals traders to buy/sell at just the right moment, in the direction that favors the MM. This goes on each and every day. It's the "Semi-Automated DMM's" who do this work. They are MMs who leave stocks on automated algos 90% of the time, then manually work the order flow 10% of the time when "bait conditions" have built up to a good threshold.
Summary
Believe, don't believe, whatever you want, throw away what you can't confirm. Emotion is the only reason traders lose money. I don't have emotion in my trading decisions, I tradev MM intention, not technicals, which treats me well.
Happy trading!
You should decide whether to take anything I say seriously by asking am intelligent questions, then see if it holds up to scrutiny. Opinions, including mine, mean nothing, they're like a**holes, everybody has one, what matters are facts and outcomes. Here's a freebie...
Bait
Technicals are MM "bait." MMs can manipulate any price, up or down, at any time, simply by putting in massive buy or sell orders, to move the price in any direction. They can also create any level of volume they want in a moment, by selling large numbers of shares laterally to themselves along the way to lure in traders. These conditions pull in technicals traders.
These "bait" conditions are constantly monitored by MMs, then used to trigger technicals traders to buy/sell at just the right moment, in the direction that favors the MM. This goes on each and every day. It's the "Semi-Automated DMM's" who do this work. They are MMs who leave stocks on automated algos 90% of the time, then manually work the order flow 10% of the time when "bait conditions" have built up to a good threshold.
Summary
Believe, don't believe, whatever you want, throw away what you can't confirm. Emotion is the only reason traders lose money. I don't have emotion in my trading decisions, I tradev MM intention, not technicals, which treats me well.
Happy trading!
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How do they do that? Can you walk me through the process of selling shares to yourself? Are you moving the price up or down? Where is the public and the institutions during this process?
What size of move are MMs able to create? What kind of time frame is involved? Daytrade, swing or longer?
They have dozens and dozens of accounts in the same brokerage. It's how hedge funds operate, trading stocks in both direction at the same time. Trading shares laterally is just an extension of that. Remember, as MMs, they control fills, so they instantly can simultaneously fill orders from one of their accounts to the other, without any exposure to the public in that moment, as they can sequentially set up the public fills to be a second or two behind the intra-broker trade fills.
Make sense?
After Hours
They also do a lot of trades among themselves in the after hours, but that's more to set up the next day's open, as Broker 1 may need shares to fill his overnight orders, so Broker 2 fills his orders so both have what they need for the next day's "meeting of the market" (the open).
Make sense?
After Hours
They also do a lot of trades among themselves in the after hours, but that's more to set up the next day's open, as Broker 1 may need shares to fill his overnight orders, so Broker 2 fills his orders so both have what they need for the next day's "meeting of the market" (the open).
Still confused how they bypass the public and institutions to move the price.
I can see it if everybody had market orders but a lot of traders have limit orders.
I was led to believe that the market was more open auction. Supply and demand.
Do the MM's have enough power to overcome institutions?