1) they do stop hunting;
2) they do price shading (raise ask when rising, lower bid when falling);
3) they fade away from market when news come out;
4) worst of all, they trade against new and naive customers.
2) they do price shading (raise ask when rising, lower bid when falling);
3) they fade away from market when news come out;
4) worst of all, they trade against new and naive customers.