I'm pretty sure some of the more sophisticated day trading guys have a bot programmed to remove buy side orders a fraction of a second before any sell order can take them out.
So even if you tried to sell into a fake order, it will either vanish before you can execute, or only allow a tiny fraction to be sold into before the rest disappears.
I don't know exactly how it operates in terms of software but I've seen it happen by watch the depth closely before.
LRS General Discussion, page-6320
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Last
18.8¢ |
Change
-0.008(3.85%) |
Mkt cap ! $517.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.8¢ | 18.0¢ | $1.984M | 10.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 1444330 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 1184198 | 38 |
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| Last trade - 14.37pm 19/06/2024 (20 minute delay) ? |
| LRS (ASX) Chart |