i’ve come across the term “jobber” quite a few time in trading articles/blogs/forums but have no idea as to what it means. and from what i discovered,these jobbers work closely with brokers maybe for increased leverage, reduced brokerage etc
my idea of the concept of jobbing is: arbitraging(finding out pricing discrepancies: between nse,bse,mcx-sx; spot and futures differences etc etc). it can also involve no arbitraging at all i.e. the security is bought and sold in rapid succession for few paise profit/loss(a kind of very aggressive scalping)
also let me know what the cons of trying to trade this way are. does it always lead to guaranteed profits?