223: Best of Day Trading, Pt. 1
Chat With Traders
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Using a Layering Algorithm, You Know?
The first soiteration of it was something us authorities would later call an alayering algorithm. But what it would do is place large blocks of orders, like you could specify the amount of er ticks, away from the current best bid. And there wouldbe very large orders, like, you know, 600 lots on each price point. The functionality that he designed and got someone else to create for him, was such that every time the price moved higher or lower, the this so of block of sell orders would move in lock step.
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