English is not my native language,but IMO TraDaToR's post is not an answer. it's a statement. i have exactly same experience . every single day. that's a fact(at least to me) now-if you know something about this issue or have anything else to add to this thread ,besides WTF-speak up..i'm all ears.
Was it a direct market order? Which ecn did you place the order on? Did you try routing to a different ecn after missing the fill the first time? The second time? Without these details you have provided little evidence of fake liquidity. By leaving out any mention of these details you have provided evidence of internalization / "smart" routing.
SSDD What Happened to Kraft Today? http://www.cnbc.com/id/49279166?__source=yahoo|headline|quote|text|&par=yahoo
traded bunch of stocks today . all of them around 20+ $,avg vol >400K. unable to exit with 100-200 shares lots without moving the stock price. unreal in fact-i lost about 25% of my PnL at exit. 25% on the middle of the f** day! if i have 100$ in PnL-i would have only 80-85$ after spreads and commissions. it's BS market. once they see your order coming-bamm..spreads are wider and same shit mentioned many times before. you try hit the bid-got 1-2-5 shares of it. bid gone,spread just got wider. now you stuck and have to pay double commish, specially if you start chasing the bid. comissions-doubles,triples and Pnl getting smaller and smaller
Greetings All, I was just looking over a few Journals from the past, and I was reading the "Geez Journal" (A 70K Bet....). If you remember in this Journal, Geez bet a friend that by using a simple methodology, he could make a 50% gain by the years end. And in the end, he more than surpassed that goal. Just as a general question for those of you who trade similar to this style. Do you still see that the "Geez" performance of 2009 is still doable today, or are you seeing that the market environment and dynamics have changed âthe gameâ too much since then? Does anyone know if Geez is still using that method today, or was it just a one time experiment? Thanks.
Muciacios: Here is the bad news: markets are about liquidity and there is none. Reason being that market capitalization is in trillions and most of it is sucked by bond market. For equity markets to work it had to be spread out between multiple market centers and liquidity had to be simulated. There is semi good news: HFT is simulated (virtual) liquidity so it appears that market is there when actually nobody is interested in buying or selling. This is what you dealing with and that is why there are problems when you want to cash out. Thanks to HFT you can still get some money back. Appreciate that.
And yet the bond market has no central market place.... trading takes place across dealers-customers, inter-dealer-brokers, request-for-quote electronics, some electronic order books, etc.... Oh wait, you are the guy who thinks CBs are behind HFT through some mysterious channel... got it.