I bought some more using Fidelity Active Trader Pro this morning so I could route through IEX. Except it kept immediately canceling my orders.
I was trying to do a market buy it should fill at the current market price, buying from the current lowest seller. There should be no way that this fails.
The thing about IEX is they go straight to the lit market. They don’t route to dark pools and with a market order routed through IEX the market manipulators don’t see it coming. It’s a SURPRISE! buy order that they don’t get to fuck around with.
But it kept getting immediately canceled? How? That suggests to me that the lowest seller wasn’t actually legit. The lowest sell orders must be from a dark pool and they aren’t actually willing to part with their money. They just want a small amount of sell orders to sit on the market completely unfillable, with the goal of pushing the price down. Then as buy orders react and go lower and lower, they open more sell orders that sit in dark pools and are completely unfillable.
I wanted shares so I finally did a limit order with a buy price higher than the current market price. It did go through. But the thing about limit orders is that the whole market can see them. This gives whatever supercomputer the hedge funds are running time to see the buy order open, and then in microseconds they can print out fake shares and fill the order so it gets taken off the market. Then they keep opening fake unfillable sell orders to manipulate the price lower.
At least that’s what I’m thinking. I’m attaching my order history for today so you can see the canceled market orders. Every one of them was routed through IEX.
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The more I think about it, the more I think that’s how it’s working.
When retail buys they don’t take their fake sell orders off the market. They print us more fake shares.
When the highest buy orders get filled, they open lower sell orders that are also completely unfillable. Anyone who tries to buy gets fake shares they don’t actually close out these sell orders. They just sit there for the sole purpose of market manipulation.
This is why IEX market orders aren’t working for GME.
It’s truly a market of deception and lies. Prison time is needed for thousands upon thousands of Wall Street networkians.
I recently figured out how to use IEX with fidelity. Hopefully whatever was happening was just transient.
It would be cool if you could run a test with a market order to see if you get the same issues. Science bitch! 💜
The next time I have some money to burn I can try it again. But it probably won’t be for a few months. I just found out I need a new water heater.
Zero pressure mate! Do what you gotta do 💜
Lemmy is broken and awful and gives me an error every time I try to upload an image. Here is a link to it on Imgbb:
I mentioned the image upload not working to the admins. They’re looking into it timing out.
For me on Fidelity Active Trader Pro, when I bought GME via IEX in 2021 and 2022, I always had to use limit buy. When the IEX orders went through, I could see my transactions appear on the level 2 data.
But I rarely bought more than 100 shares at a time. I think only 100+ share count orders can affect the price? I believe other redditors have posted that they’ve seen their 100 share orders get broken up into like 98 and 2 shares as another way to not affect price.
Image upload problem has been resolved. Thanks @apes_on_parade@lemmy.whynotdrs.org !
