In years past, yes, I saw the double count... my fill and also the "other side" of my fill. NOW though, I look at the inside bid.
I Place a limit buy order at that price, and I see a MM adding my quantity to his bid, or I see a MM coming in with my quantity on the Bid. They are NOT doing "the other side", and so I am puzzled how the MMs are making their money???
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I'm doing this with RAJA, a full service broker, and he gets $1,000 commission on a trade, so I'm not worried about him going broke, but when I use WSE they run it through a Wholesaler and I don't know what's in it for Herzog, Troster, etc.
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QUESTION for anyone: Based on the above I started yesterday buying at the bid on stocks that run a 1/2 to 3/4 spread (and that are showing a slight bullish trend). I got filled, at the bid, and I intend to sell at the Ask on Monday. Easy Money? Or am I gonna learn somethin' I don't know about yet? (g)
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Colin |
