Money Investing megathread extravaganza - Page 716

**DaFace** · 06:35 PM

A place to talk about investing stuff.

TwistedChief · 07-20-2021, 08:29 AM

Quote:

Originally Posted by MTG#10

This is how I know you don't know what you're talking about. The dark pool price manipulation has been proven and even reported by the media. Do some research before you criticize.

Yup, never read Flashboys. Never heard of dark pool manipulation. LOL.

I'm sure that's really what's driving the meme stocks you're trading.

**DaFace** · 07-20-2021, 08:48 AM

Quote:

Originally Posted by Hog's Gone Fishin

I wonder if DaFace has ever bought a lottery ticket ,ever?

Not often, but sure. But I didn't make a huge deal about how much money I was going to make on it and then watch idly as my gullible friend put his life savings down on it.

**lewdog** · 07-20-2021, 09:18 AM

Quote:

Originally Posted by TwistedChief

Yup, never read Flashboys. Never heard of dark pool manipulation. LOL.

I'm sure that's really what's driving the meme stocks you're trading.

I’m reading flashboys right now. Great book!

MTG#10 · 07-20-2021, 09:32 AM

Quote:

Originally Posted by TwistedChief

Yup, never read Flashboys. Never heard of dark pool manipulation. LOL.

I'm sure that's really what's driving the meme stocks you're trading.

Tapout acknowledged.

displacedinMN · 07-20-2021, 09:49 AM

Now up 500+ today. Ugh

**DaFace** · 07-20-2021, 09:59 AM

Quote:

Originally Posted by displacedinMN

Now up 500+ today. Ugh

Why "ugh"?

displacedinMN · 07-20-2021, 10:38 AM

I can't take the roller coaster
At least I am only down 4500 the last two.days

**Rain Man** · 07-20-2021, 10:40 AM

Quote:

Originally Posted by DaFace

Why "ugh"?

I was doing more of a "whoo!"

MTG#10 · 07-20-2021, 11:19 AM

Quote:

Originally Posted by MTG#10

AMC is gonna have a good day tomorrow, I can feel it in my loins.

My loins never fail me.

**Buehler445** · 07-20-2021, 12:08 PM

Quote:

Originally Posted by TwistedChief

Yup, never read Flashboys. Never heard of dark pool manipulation. LOL.

I'm sure that's really what's driving the meme stocks you're trading.

Flashboys was a truly fascinating book. I listened to it on the tractor. I had to keep backing it up and relistening to parts because I’d be like, “do what now? LOL”.

It’s like listening descriptions of ancient battles. Conceptually I know what’s happening , but I don’t know any of the names, formations, armpit weapons or context so it’s so foreign to me that it’s hard to visualize.

One of my favorite books.

And my broker was talking to me about similar weird shit happening on the minute charts in the grains. It’s no big thing for me but it’s hard for him to work in when it’s possible to get filled on these fishing exercises.

TwistedChief · 07-20-2021, 12:31 PM

Quote:

Originally Posted by Buehler445

Flashboys was a truly fascinating book. I listened to it on the tractor. I had to keep backing it up and relistening to parts because I’d be like, “do what now? LOL”.

It’s like listening descriptions of ancient battles. Conceptually I know what’s happening , but I don’t know any of the names, formations, armpit weapons or context so it’s so foreign to me that it’s hard to visualize.

One of my favorite books.

And my broker was talking to me about similar weird shit happening on the minute charts in the grains. It’s no big thing for me but it’s hard for him to work in when it’s possible to get filled on these fishing exercises.

Commodities markets are different in the way they’re structured, so you wouldn’t be subject to the same obviously bad behavior that the book chronicles in the equity market (which is pure thievery and pathetic in my view). But there absolutely are a lot of the same firms listed in that book (I happen work for one that touches tons of different things in financial markets and otherwise) who would be on the other side of a lot of your activity in grains by virtue of their role as market makers/liquidity providers. But I don’t think they’re taking advantage of you in such a brazen way.

Though I’ll give you an example of something that’s common to every futures market that can be thought of as a bit sketchy. If something is trading at 50.12/50.15 and there’s an average 10 on the bid and 10 on the offer and you have 100 to sell and offer them at 50.14, almost guaranteed the second you input your offer you’ll see a 50.13 offer show up right in front of you. If you cancel your order, that offer disappears. Put it back in and it populates again. And over and over again.

This is just the nature of ‘algos’ and how they operate in markets. It touches me as an institutional investor just as it would touch any retail investor.

And I focus primarily on interest rates so there was a fair bit in the book that was new to me as well. But the arms race for faster technology is something I’m well aware of and it’s absolutely fascinating.

**Buehler445** · 07-20-2021, 01:32 PM

Quote:

Originally Posted by TwistedChief

Commodities markets are different in the way they’re structured, so you wouldn’t be subject to the same obviously bad behavior that the book chronicles in the equity market (which is pure thievery and pathetic in my view). But there absolutely are a lot of the same firms listed in that book (I happen work for one that touches tons of different things in financial markets and otherwise) who would be on the other side of a lot of your activity in grains by virtue of their role as market makers/liquidity providers. But I don’t think they’re taking advantage of you in such a brazen way.

Though I’ll give you an example of something that’s common to every futures market that can be thought of as a bit sketchy. If something is trading at 50.12/50.15 and there’s an average 10 on the bid and 10 on the offer and you have 100 to sell and offer them at 50.14, almost guaranteed the second you input your offer you’ll see a 50.13 offer show up right in front of you. If you cancel your order, that offer disappears. Put it back in and it populates again. And over and over again.

This is just the nature of ‘algos’ and how they operate in markets. It touches me as an institutional investor just as it would touch any retail investor.

And I focus primarily on interest rates so there was a fair bit in the book that was new to me as well. But the arms race for faster technology is something I’m well aware of and it’s absolutely fascinating.

Yeah, it's worrisome. I sit on a board of a company that does autohedging of grain. I turned them onto it. I don't know what their risk is, but I wouldn't want to be autohedging with massive swings on the minute chart periodically. I'd be the guy that gets ****ed - EVERY TIME.

KChiefs1 · 07-20-2021, 02:30 PM

It’s a beautiful day in the neighborhood!

KChiefs1 · 07-20-2021, 02:34 PM

Quote:

Originally Posted by MTG#10

My loins never fail me.

Keep those loins happy!

**DaFace** · 07-20-2021, 05:13 PM

Glad you guys can step back from the brink a bit. (And, yes, I mean that sincerely.)

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $1766899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 51,964

07-20-2021, 09:49 AM	#10730
displacedinMN It was not a fair catch Join Date: Aug 2012 Location: Correcting papers Casino cash: $2682630	Now up 500+ today. Ugh __________________ #investigatecarlcheffers
Posts: 36,509

07-20-2021, 10:38 AM	#10732
displacedinMN It was not a fair catch Join Date: Aug 2012 Location: Correcting papers Casino cash: $2682630	I can't take the roller coaster At least I am only down 4500 the last two.days __________________ #investigatecarlcheffers
Posts: 36,509

07-20-2021, 02:30 PM	#10738
KChiefs1 I’m a Mahomo! Join Date: Aug 2004 Location: Mid-Missouri Casino cash: $6771021	It’s a beautiful day in the neighborhood! __________________
Posts: 54,038

07-20-2021, 05:13 PM	#10740
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $1766899	Glad you guys can step back from the brink a bit. (And, yes, I mean that sincerely.)
Posts: 51,964