Nang clarifies why retail traders are largely invisible to the market, how institutions profit from order-flow, and why the rise of meme stocks changed the dynamics slightly.
View full episode →“Retail orders are internalised and rarely hit the exchange, giving brokers and market‑makers the profit”
“Institutions value retail participation because it generates fee revenue (PFOF) and keeps markets liquid”
“Repeated support‑level sweeps are emergent, not evidence of a single controlling algorithm”