Under the option of disclosed quantity one hide the actual number of share and show only 10 % of real value. Poor retail investor watches the market depth and takes decision believing his analysis and seeing the market depth. Little he know that people are hiding and manipulating the real sell/buy qty and fooling in him to get into the trap. Can’t u raise a voice against it @nithin so that people have the real information?
Dnt waste ur time move on
Firstly looking at bid and ask total quantity and deciding to buy or sell a stock based on this is an extremely amateur way to trade. It is the easiest strategy to learn as it is intuitive to think more buys means price will go up and vice versa. But, I can guarantee that such a strategy doesn’t make money. Most professional traders are typically executing around the market price, so you would never see them on the bid/ask quantity. Also there are so many execution algorithms used by institutions to avoid showing up in the bid/ask fields to avoid people being able to figure that there is a big order being executed. So even if there was no concept of disclosed quantity, you will never be able to figure what is really the total bid/asks.
So as a trader, you have to do what is right. Trading based on what is total bid and ask isn’t.
Ok, Thanks for reply
Dear Mr. Nithin, are there any software/platform/service to log and view all the trades happening in any stock? Professional trades must be using some sort of tools to scan all the trades happening and gauge the direction depending on all the trades.
I was just watching the snap-quote of a share, at all the trades happening and I could see a pattern… it had algo deployed for concealing the trades but you could easily gauge what was happening, a particular set no of shares were bought at the ask and instantly just 1 share was sold at the bid, this continued on for most part of trading session and in-between there were the small/big orders in both sides of the bid/ask but one could easily gauge which was automated and which was natural. Not to mention most of these trades were not shown in the snap-quote as it shows heavily filtered version of the trades, I bet those algos would have bought a considerable portion of the stock (over 25% of the day’s volume) and yeah that day that stock rallied over 20%. Professionals/co-located traders/firms must be using this data to take directional or counter trades but are there any services/methods available to take a peek at these trades during the day for the retailers?
I use it to find the liquidity of the stock , thats it.
Liquidity can be easily perceived by volume, what I am interested in what the smart money or big funds are doing in the day. They do place bulk/market orders but on most normal days they just start buying sequentially in small quantities, more like in nanoseconds and as I explained earlier they place just one counter sell order at the lower end to manipulated how the LPT is shown to the end user. One might brush it off as inconsequential but thousands of these trades going on within seconds, a bulk order in K’s at the upper end and a single counter sell order in the lower end going on for hours, just imagine the kind of position these people build up without really affecting the volume instantly in a one minute candle which is the case with large bulk market orders.
@vishnux Can it be programmed to log in all the incoming executed orders, with the quantity and price they were executed at?
Also the Quantity and at which price it was executed is not shown in kite, is it the case while working with kite api as well? (Quantity and price at which it was trade at is shown only in the snap-quote of Pi)
Can this be done or one needs to exclusively subscribe to dedicated data feeds and find a method to log all the incoming data which would be a very costly procedure.