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To: TFF who wrote (4460)6/16/1998 2:54:00 PM
From: steve goldman  Respond to of 12617
 
Irby , I would say that seeing institutional size is more watching the times/sales rather than level2. If you see prints of 20, 30k, its probably no mom and pop. Assume its more institutional biz. When you look at times and sales and you see 1k, 1k, 500, 1k , 1k, 2k, 400, 1k, that looks like day traders.

Someone had stated that they felt they look for great traders and emulate their good trades. I agree. But also feel that even more important is to look at bad trades and traders and dissect where they went wrong, where they could have minimized losses or protected profits, etc.

To that end, I put up a new thread From The Trading Desk Bloopers and Bluners...https://www.siliconinvestor.com/subject.aspx?subjectid=21576

Check it out if you are interested!
-Steve@yamner.com



To: TFF who wrote (4460)6/16/1998 4:13:00 PM
From: the options strategist  Respond to of 12617
 
Thanks Irby. Regarding spread mm manipulation, I saw this happen today, I think.

I bought with a 1/4 pt. spread and when I got ready to sell it had jumped to a 1/2 point spread. I suppose this means mm is manipulating.

I suppose there's nothing to be done about this once you're in it.
If there is a strategy, will you share?

Jen