Is ego driving order entry

Discussion in 'Trading' started by bdon, Jun 1, 2005.

  1. bdon


    Over the last two months or so I have seen an alarming rise in bad order entry with nyse listeds. Stocks that clearly have a trend with a floor buyer or seller seem to be stalling with folks that almost want to force the stock the the other way by placing multiple orders below the bid or above the offer no matter how the specialist is quoting the stock.

    Its almost if these people are getting off on pushing the stock the other way. Personally I am trying this buy low and sell high technique. I can't understand why so many people are trying to sell for less than the last print even when the spec shows u the floor is willing to pay up another 10 cents.