076: Saul Knapp – Insight From a Former-Risk Manager of 120+ Prop Traders, and Spread Trading
Chat With Traders
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The Flipper
The flipper works best in slower moving markets than the bubble or the shats. He was big in bunders as well but he basically would be a price for a very large amount. If the average bid or offer price had 500 or 600 lots on it he would bid it for example 2000 lots. Anyone short would immediately pay the next price but he would slowly drink feed offers back in the price above where he was bid until he'd got enough people long and got himself short. So anyone who just paid the current offer before was now called long and had to sell into the price to prices lower.
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