RE:Price SpreadA few minutes prior to closing and the volume of 5.9 Million shares traded spread over 2,4017 trades. I would bet that approx that greater than 95% of the trades are of the robotic high frequency trading relying on algos to buy and sell.
Retail shmucks like us constitute such a small minority of trades that we are basically insignificant on days like today.
Whether we diplay our orders or not won't make any difference. Btw, the House normally relegate retail trades to the ATS, so our ability to partake in a transparent exchange is nullified!
This is riverboat gambling and the house
ALWAYS wins! (We ain't the house)
Greenday wrote: Once again the displayed bid/ask is often a 2 cent spread with lots of dark trading at the strike price.
Wondering if it's best for retail investors not to show their hands to the algo's by not posting and displaying their orders.
Any thoughts?