Registered: Apr 2012
08-20-12 11:04 PM
Quote from RangeTrader:
Icebergs are tricky buggers.
Think about it this way... If price is oscillating upward and slowing in momentum and you want to iceberg the market... You estimate the market liquidity vs how big of a position you want to establish. Then you decide where to start iceberging the market.
If you have calculated out things correctly people knocking their heads against your brick wall of an iceberg should have filled most of your position by the time they give up trying to break through.
Once it starts to drift the other way and they panic then you can set a distribution alogo to stealthily get the best prices with nobody taking much notice.
I don't really care to run any markets... Some people still manage to find small stocks to run. Just follow the big boys around! Their rules are simple.
Some trader with a CME seat taught me about icebergs ages ago. That is what he called them.
A worried man goes to his doctor and explains: "Doctor thers a piece of lettuce hanging from my arse, is it serious?"
Doctor examines the man and replies: "I'm not sure, but it could be the tip of an iceberg"