SEC Charges 18 Traders in $31 Million Stock Manipulation Scheme
- Thread starter ETJ
- Start date
Which stocks did they manipulate?
it is quite easy to trade such stocks actually.
Have a stock screener to detect those penny stocks that have strange increase in volume.
the manipulators might increase the volume over period of few days to few weeks.
Because the whole world is looking at stocks with unusual volume.
it is quite easy to trade such stocks actually.
Have a stock screener to detect those penny stocks that have strange increase in volume.
the manipulators might increase the volume over period of few days to few weeks.
Because the whole world is looking at stocks with unusual volume.
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I used to do the same, I used to run a screener then import end of day data into a database I wrote copy / paste page by damn page and look for volume increases and 21ema crosses and big movers and other things.
Full time job day trading stocks mind, too much prep work.
This is not manipulation, but obviously SEC thinks so. They are literally found the hole of other market makers/HFT, and make a profit on it. They are really market microstructure pros. If they can beat the algorithm, and the algorithm cannot detect the loop, it is the algorithms fail. Hmm, looks like they are the Robinhood, make MM/HFT life harder.
Opening hundreds of accounts under other people’s name an operating them is illegal on many fronts. They also seem to be layering and creating false markets which is also illegal. They gamed the system, got greedy and got caught.
