Who is on the other side of your trade?
Describe market makers, index funds and other traders, why each trades, and what a time-and-sales print can and cannot tell you.
Module 3 of 26, Trends, order fills and a famous day-trading setup. Lesson 6 of 6, about 14 minutes.
The takeaway
Every time you trade, you are trading with someone who had their own reason to take the other side. Market makers want the spread, index funds follow rules, and a tape print shows a trade that happened, not one that is coming.
This page is a public summary. The full lesson has the worked examples, an interactive exercise and a short quiz, and sits in the course. Lessons 1 and 2 of Module 1 are free and the rest need a pass.
Open this lesson in the course
General information only. It doesn't consider your objectives, finances or needs. Tickfloor holds no financial services licence and never places trades.