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by PublicEnemy111
3890 days ago
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This was a common strategy among pit traders in the 80's to place orders to entice other traders to follow, while a partner would take a large position in the opposite direction. Paul Tudor Jones was infamous for it and even laughed about it on the documentary, "Trader". It is ethically questionable, but shouldn't be illegal. You shouldn't be managing money if your strategy is to follow bigger fish. |
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