Interview with a High-Frequency Trading Expert

This not news to investors who understand order flow (and invest in volatile stocks), but is an instructive read.  For example, I've warned readers on the dangers of telegraphing stop losses.  Yet, most brokers advise clients to do so, "in order to protect profits."  Nonsense--it only encourages market makers to scalp unsuspecting long investors from their holdings.

Also, it goes into some details on the dangers of market orders.


http://www.caseyresearch.com/pdfs/crTcr20120726102306.pdf