“Nothing beats free & honest financial markets, right?!”
We learn yesterday from ZH, the link directly below, that Robinhood makes their
money by SELLING CUSTOMER ORDER FLOW information to outside third
parties, namely HFT’s like Citadel, to the tune of about $90 million bucks
… “gee, I wonder why somebody would pay big money for info on where all the
dopes have their buy/sell stops? … couldn’t be cuz they want to run them or
anything could it”?
Then we learn later in the day into this morning that Citadel has been fined
$700,000 for frontrunning customer orders … no worries, just 559 instances, so
no big deal … we also learn that the guy whom owns citadel, just spent
$100 MILLION on a painting … “Hoover Dam” it’s nice to be a gangsta!
Now transfer all this happy horseshit over into “offshore brokerage”, and do you
think these bucket shops like Turnkey don’t sell info on order flow? … as I said
yesterday, all that matters … ALL THAT MATTERS IS ORDER FLOW … in this age
of overt central bank manipulation of EVERYTHING, the scumbag LP banks know
& control everything, and you had better figure out how the retail spec order flow
is shaking out versus the banks if you want to make any money at all … cuz if not,
you’ll have better luck at a craps table in Las Vegas.
Only one algorithm trade today in GBPUSD … TURNKEY PAMM / MAM UP
SLIGHTLY.
The DAX30 & NDX100 a complete joke in terms of being a “market” … panic up
then panic down, rinse & repeat is all this is … and with terrible slippage, volumes
& liquidity being so low, it’s nothing more than a suckers trap for the unwary.
Cable today traded better than yesterday, but Europe disappoints with extremely
dull trading action until the scumbag prop traders for the scumbag LP banks hit
their screens around sunrise EST … then action picks up as the
“Robinhood dopes” make their way to bid anything NASDAQ higher.
Again, outta here early today … until tomorrow … Onward & Upward!!
-vegas
No comments:
Post a Comment