This article was posted on Wednesday, 12:16, UTC.
I trade on Kraken, and I have noticed that the order book is increasingly controlled, it seems, by the trading bots. I imagine that is the case on most exchanges. There are a myriad of very small orders relatively close to the strike price, but the first significant order (to buy or sell) is usually a fair distance away. Then, after you execute a market order, before you have time to refresh the screen the small orders you just took out are replaced with new mini orders. Therefore, I know that if I place a market order the bots will…
// -- Discuss and ask questions in our community on Workplace
. Don't have an account? Send Jonas Borchgrevink an email -- //
Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.
Feedback or Requests?
Receive New Posts on Email:
Jim has an MBA from the University of Southern California. He has had a long career in both Corporate Finance and IT. Along the way he discovered that trading was a vehicle with great promise, but struggled for a long time without a mentor. After having been knocked down many times and having struggled to get back up, he had an epiphany and realized that geometry was a solution. He shares his experience here.
If you do well as a result of suggestions made here, feel free to say thank you :)
Follow him on Twitter (@jimfred1276) or email him at jimfred1276 at gmail.