Bots are always in play - they are not bogey men retail punters get too caught up in bots and shorters - The aim of an automated program is simple - that is to either be a net buyer or a net seller at the lowest or highest VWAP price over a given period of time.
Posters like 8horse often post daily broker data that show the churn of each broker, many have thousands of buys and sells on the same day - its the net position that is important are there more net buyers or more net sellers in the market ?
Having said that it clearly isnt fair because retail punters cant trade in unmarketable parcel sizes and have to pay minimum brokerage per trade - the BEOT pay a % on total turn over
NUH - Charts, page-1191
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