/biz/ - Business & Finance

>>12519501

Oh, this is so tiresome. Why do you say something like this? I mean, it's hard to actually make sense of it, but in all possible ways to determine meaning here, it's either false or plainly ludicrous. Let's see...

>Most retail traders are taught the literal opposite of how institutional market makers distribute price into/out of consolidation.

What does that even mean? Retail traders by being taught TA are somehow tricked into applying TA-"techniques" (note: I do certainly not believe TA to be a mathematically sound method let alone something you could call an algorithm) so they would in a statistically relevant number of cases fall for market maker's 'strategy' to catch their limit orders? Is it that? Boy, oh boy, so things like Dow Theory, Gann Theory or Fibonacci's are somehow made up so especially market makers could take advantage of their trading approach? Why is it, that what market makers actually do is so seldomly understood correctly by most of you? (I was just explaining this the other day...) A market maker by being granted the desired role of a designated sponsor at the exchange for a specific (not necessarily singular) asset obligates itself to always (!) quote prices for sell and buy offers in this asset. He has some discretion as to how he can react to volatility, but he has to - under all circumstances (this goes at least for burgerland) - respect the NBBO (national best bid/offer). So he is not free in his way to 'design' spreads.

>Most conventional TA is shit because it’s supposed to be.

This is just so dumb a thing to say. I for one am a very critical person when it comes to TA, but TA for sure is not by intention misleading in any way. It may be - and I do believe this to be correct - statistically underachieving, but there is no conspiracy involved.

>>12164028

Legit question, legit endeavor. I do not know better than to refer you to some biz related reddits and forums like trade2win, elitetrader, futures.io.

>>11507535

Plz elaborate on

- zog trooper
- small businesses