Quote:
Originally Posted by Santo
I don't understand your point with (1). You try and make a bet at a price you're happy to accept, why wouldn't you want it to stay around til you cancel it? From their perspective, a fill or kill would make the markets look even emptier, so offers them no benefits...
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My Point is that once the market maker pulls his offer You become the High bid and will more than likely not get a fill and then the market maker baits his hook again knowing that you will more than likely pay higher. Why do I need to show anyone that I was trying to hit his offer at the previous price he had out there.