'Citadel Knows More Than You Do,' But Is There A Profitable Trade On Unity And Carvana?
ModernIR’s Founder and CEO, Tim Quast, shared his views on the dynamics of momentum trading during a Monday appearance on Benzinga’s "PreMarket Prep," emphasizing a key point for traders to bear in mind: modest, repeated returns on each trade, rather than large one-time profits, are the secret to wealth accumulation.
"Citadel knows more than you do," Quast said, referring to Citadel Securities, the market-making division of Citadel. The leading global market maker is responsible for executing more than 33% of individual investors orders, "so the only way that you can use the presence of Citadel to your advantage, is to know where the supply and demand imbalances are."
Quast identified