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Episode #68: Oliver Kell-2020 US investing Champion on his 941% year

Confessions Of A Market Maker

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Is That a Modern Day Bucket Shop?

I heard you describe that job when you first came out of college as like a modern day bucket shop. So the place that I worked at they taught us to trade against big bids and offers so you know let's say Visa was a stock we traded all the time. We would literally find a big better offer and just trade it. It might have been a reasonable way to trade because you could get a lot of size on with real real real tight stock. But if you're just playing against random bids and offers I mean it works but you know you're playing for like 10 20 cent gains.

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