Top

@CTUCyberGroup Lesson: Fake Level III Orders

Cyber Trading UniversityArticles @CTUCyberGroup Lesson: Fake Level III Orders

@CTUCyberGroup Lesson: Fake Level III Orders

MGIfakeorders

We had an usually active Monday in the CyberGroup Live Trading Room. We started the day with a watch list of eleven stocks to keep an eye on, but as the students know we were able to narrow them down into some nice winners rather quickly. $PLUG started off the day rather exciting due to some extremely high volume before and after a conference call. Some other great winners were $SCSS $BTU $p and $CYTK.

As you can see in today’s title, I want to talk a little bit about fake level III orders. In almost every single speaking I do and sometimes even new students, the topic of fake orders coming up on total view is a predominant fallacy. If you take a look at the picture of my execution system, this shows us looking at the stock $MGI in today’s Phase III course. If you look on the bid you’ll see an order at 12.70 for 45,878 shares. If I were to ask in a speaking ”how many of you think that’s a fake order”, the abundance of hands that went up would be shocking. When this topic of fake orders is brought up, I respond the same every time “Go out there and execute him.” You’d be surprised the stunned looks I receive. There are no such thing as fake orders. Just like you, a market maker can change their mind and cancel an order; they cannot place fake ones. In my class, I teach you how to confirm if the order is being executed or not, but I repeat, there are no such thing as fake orders!

Cyber Trading University

Cyber Trading University was founded by Fausto Pugliese and has been providing training courses for over 20 years.

No Comments

Leave a Comment