The Lab likes Phoenix tonight inthe WNBA.
I have orders into a crowded book.
Was hoping to catch a little extra drop in the market here but there was some pressure on the Pho moneyline.
I'm set up to execute, but may have to go to market. There are still two hours to hit these numbers.
With both plays the market moved up a penny away from me and in both plays I moved my order up a penny to again stay a penny below the market and in both plays the market came back to my number to fill the limit orders.
Saved some commission on both plays and as the market ticks back up I generate some EV.
So the same thing happened with both trades.
I mentioned the crowded book. The market for -3.5 was at .53 cents. I put in at .52, but there were more than 20k orders in front of me. I mention I would go to market, and pay .53, but of course limit orders are better.
Then it ticked up to .54 so I QUICKLY moved up to .53 and now I'm on top of the pile, near first in line.
It swept and I got .53, but as a limit order.
Same with the ml but it was at .62, I was under a pile at .61 then it popped to .63 and again I QUICKLY moved ot .62 to be near the front of the line.
That's how I worked the order book today.