Many traders and their trading accounts have succumb to the antics of these individuals. As a day trader, keep one thing in mind.
Day trading is war.
It is a never ending battle against some of the biggest trading houses in the world. With the advent of Level II systems, and the further development of ECNs, the playing field is becoming more leveled for the amateur trader. Later in this manual, we will provide more direct discussion about the games of the market makers. Just keep one thing in mind while day trading. Market makers want your money, and will stop at nothing to do to whatever it takes to influence you into making buy and sell decisions.