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In short it means the pros aka The Market Makers control the market. What that means is they have the ability to see all of the price action which allows them t
by JakeAl 9y ago
In short it means the pros aka The Market Makers control the market. What that means is they have the ability to see all of the price action which allows them to manipulate the market. When prices go up or down, it's them deciding whether they go up or down or at least throttling the rate to maximizes their earnings. They are both buying and selling at all times. What makes Robinhood such a joke is that they are a middleman between you and a middleman. So instead of buying your drugs from a dealer, you're buying from the pusher on the corner who gets free drugs for every new customer.
- pgwhalen 9y agoI don't really have time to respond to and refute this post, but anyone reading it should know this person doesn't really have any idea what they're talking about, and worse, probably thinks they do. But my go-to resource on understanding market making at least a little bit is this Matt Levine column: https://www.bloomberg.com/view/articles/2015-10-08/why-do-high-frequency-traders-cancel-so-many-orders- https://www.bloomberg.com/view/articles/2015-10-08/why-do-hi...