SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: 2MAR$ who wrote (82399)3/7/2000 7:29:00 PM
From: lightfoot  Read Replies (1) of 108040
 
<Knight's systems watch for investors who consistently make money trading against the firm. For such a customer, Knight may restrict or suspend the promise to automatically execute all trades at the best price posted anywhere.>

I have suspected that I have been targeted in this way by MyTRAC/HRZG/&NITE. Today was really difficult, I had picked up 500 shares of ASTM after hours last night around $8. This morning I get up and MYTRAC gives me an error #1 can't log in to my account. The stock opens up at $9 and promptly sells off. 45 minutes later I finally get through to MYTRAC Trading desk and the stock is still tanking. I finally get filled on the sell for 8 1/4. I checked with other traders in #DT and no one else reported the problems with Mytrack that I was having. No one at Mytrack could even tell me what error #1 was.

The front running of orders and selling of order flow and the obvious manipulation of market makers selling short has been eating my lunch lately. It is obvious to me that my daytrading pattern is just that, a pattern that their software has picked up on and trades against. I would love to talk off the record with some of the key programmers at these MM firms to learn just how sophisticated they have made their software.

It really makes one wonder.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext