"According to my obsevation, the BOT is not used by someone to accumulate or slowly selling. As in my previous post, it is used to test which direction the trading is likely to take in the next couple of hours and/or minutes. The BOT is day trader tool."
Since a BOT is just a computer program it can be used for any number of purposes (accumulation, divesting, "testing" the market price... ie. market manipulation etc.).
While BOTs can be used for short term trading (and obviously given the sheer speed of a computer this is where they excel) I doubt there are any *retail* Day Traders that have the option to use BOTs. My understanding is that BOTs are the exclusively the domain of brokers and Market Makers (ie. businesses). But if I'm wrong can someone please enlighten me as to what broker/platform accepts BOT trades from a retail trader?
On a similar subject I came across this video the other day which I thought a few people here might find helpful.
www.youtube.com/watch?v=BIYk8v_l_VM
SDL Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held
