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Smart Money: If you don't know who the patsy is, you're the patsy
Many Happy Returns
Market Spoofing
The idea from what I understand of it is that Robin Hood traders are trading in such small amounts compared to an institutional investor. If you're a market maker they're less likely to move the price massively against you just at the moment you trade with them. Whereas if you're trading with a big institution and mutual fund who you don't know is a mutual fund if it's on a public exchange everything looks the same then you'd rather know for sure this is just a tiny Robin Hood customer and I'm a big fish. Market spoofing is now illegal because one of the ways in which you could manipulate the market is to put in a very large order to buy which the market maker
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