Sweeping bids/offers

[matador04]

From a trader's perspective, how do you protect yourself against a big firm sweeping all bids on a thinly traded stock? What's the strategy on the big firm's side? Do they sell against everyone then scoop it right back up or ...?

 

[NY0BScalper]

Quote from matador04:

From a trader's perspective, how do you protect yourself against a big firm sweeping all bids on a thinly traded stock? What's the strategy on the big firm's side? Do they sell against everyone then scoop it right back up or ...?

Don't leave out too many open orders.

 

[rosy2]

getting filled on those sweeps used to be easy money

 

[matador04]

Quote from rosy2:

getting filled on those sweeps used to be easy money

What do you mean? Who made the money and how was it made?

 

[Surdo]

Quote from matador04:

What do you mean? Who made the money and how was it made?

Are you really aksing dat question?

 

[matador04]

Quote from Surdo:

Are you really aksing dat question?

yes