Ive been trading stocks for decades and cant understand how anyone can profit, given commissions, from 100 share trades.
I use IB, and yeah, its cheap for me for day trades, even off of 100 shares.But yeah, it is definitely MM's doing what they want to do. Just silly.
MM's can. They trade between each other. I even saw some 34 shares being traded at a time. It's computer trading in today's world, flash trading. Computer algorithm programmed to accumulate and steal shares.
you are right -- i continue to see trades at fractions of a penny in APPY -- complete BS
commission on 100 shares is only $0.50 at interactive brokers...