Filtering by Tag: trading

Nasdaq FINALLY Responds to Obvious Market Manipulation

Added on May 11, 2026 by C. Maoxian.

Once again the criminal manipulators sent a stock (ENSC this time) up 4,000%+ in seconds this morning… this form of manipulation creates systemic risk and needs to be vigorously policed. The same plot was hatched in CIIT and PLYX earlier this year, and the Nasdaq did nothing about those.

We can only suspect that someone with serious “pull” was hurt this time around, which caused the Nasdaq to act and finally protect investors’ interests by cancelling all trades that occurred above $0.5846 that were executed between 5:47:00.000 and 5:48:00.000 ET.

Regulatory Messages

Time Market Status 09:13:06 ET

NASDAQ
NTX
PSX

Pursuant to Rule 11890(b) Nasdaq, on its own motion, in conjunction with NYSE Arca, CBOE Equities, FINRA and MEMX has determined to cancel all trades in security Ensysce Biosciences, Inc. (ENSC) at and above $0.5846 that were executed on Nasdaq between 5:47:00.000 and 5:48:00.000 ET. This decision cannot be appealed. Nasdaq will be canceling trades on the participants behalf.

07:40:03 ET

NASDAQ
NTX
PSX

NASDAQ MarketWatch is investigating potentially erroneous transactions involving the security Ensysce Biosciences, Inc. (ENSC) executed between 05:47:00 and 05:48:00 ET today. MarketWatch will advise with details as soon as available. Participants should review their trading activity for potentially erroneous trades and request adjudication through the Clearly Erroneous process within the applicable timeframe for filing pursuant to the rule.

SEC Rule 606 Reports for All Day Trading Brokers

Added on May 5, 2026 by C. Maoxian.

“Securities and Exchange Commission Rule 606 of Regulation NMS requires all broker-dealers to make publicly available a quarterly report with regard to their order routing practices for non-directed orders. The Rule excludes from the quarterly report those orders that are directed by a customer to a particular exchange or market for execution.”

“Certain venues that brokerage firms route orders to, such as exchanges, charge execution fees or provide rebates based upon whether routed orders take liquidity from, or provide liquidity to, the venue. In addition, certain venues, including exchanges, have various volume-based tiered pricing/payment schedules pursuant to which brokerage firms may receive incremental pricing benefits based upon the aggregate trading volume routed to the venue (including volume not associated with customer orders).”

Centerpoint Securities: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Cobra Trading: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Guardian Trading: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Lightspeed: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Opal Securities: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Sage Trader: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
SpeedTrader: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Success Trader: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Think Alpha: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
TradeZero: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information

FINRA Rule 6151 – Centralization of SEC Rule 606(a) Reports

Disclosure of Order Handling Information (pdf)

Worst Adverse Excursions in March 2026

Added on April 1, 2026 by C. Maoxian.

March was an amazing month for the blind shorts, with next to no outlier losses and hundreds and hundreds of winning trades.

Don’t forget to look at the outlier moves in October 2025 (23), November 2025 (5), December 2025 (6), January 2026 (10), and February 2026 (9)

ARTL, 3/27:

CIIT (Hong Kong), 3/9:

EEIQ, 3/26:

MOBX, 3/3:

SWMR, 3/17:

TMDE, 3/2:

UCAR (China), 3/17:

UGRO, 3/25:

VCIG (Malaysia), 3/4:

WNW (China), 3/16:

Stock Brokers Available at TradingView

Added on March 22, 2026 by C. Maoxian.

As of March 22, 2026, name, number of accounts:

Interactive Brokers, 334,400
WeBull, 265,200
TradeStation, 130,000
moomoo, 77,400
Alpaca, 19,800
tastytrade, 17,400
Tradier Brokerage, 4,900
TradeZero, 3,600
Cobra Trading, 17

Dollar Volume By Exchange in CIIT Short Squeeze

Added on March 9, 2026 by C. Maoxian.

They launched another 6,500% squeeze this morning … scary.

$1,272,986, NYSE Arca, Inc.
$892,657, FINRA Alternative Display Facility
$493,940, Members Exchange
$403,410, Cboe EDGX
$351,515, Nasdaq
$281,490, MIAX Pearl
$10,833, NYSE National, Inc.
$8,935, Cboe BZX
$7,172, New York Stock Exchange
$2,890, Cboe BYX
$1,941, Cboe EDGA
$1,000, 24X National Exchange LLC
$920, Nasdaq Philadelphia Exchange LLC
$576, NYSE American, LLC
$262, Investors Exchange
$86, Nasdaq OMX BX, Inc.

Worst Adverse Excursions in February 2026

Added on February 28, 2026 by C. Maoxian.

February was an amazing month for the blind shorts, with next to no outlier losses and hundreds and hundreds of winning trades. There was one extreme outlier, PLYX, that we’ll look closer at below.

Don’t forget to look at the outlier moves in October 2025 (23), November 2025 (5), December 2025 (6), and January 2026 (10).

February 2: ROMA (Hong Kong) … note lucky number $8.88 high … the scammers know that they can act with impunity under the current US administration, so they have some fun manipulating to precise prices.

February 3: NPT (China)

February 11: NCI (Hong Kong)

February 13: RIME (USA)

February 17: OLB (USA), OBAI (USA), PLYX (USA)

PLYX hit a pre-market high of $66 after “dinging” at $3 or $4. The ~1,500% move took ten seconds. This was a disaster for anyone whose bot employs aggressive chase logic to exit in the pre-market.

Below is the one second price chart for PLYX. Unfortunately I was at the screens when this happened and saw it squeeze in real time, which was not good for my pulmonary pig valve. PLYX closed the day at $4.02.

February 26: AEHL (China)

Broad Concerns about Confidence in Our Securities Markets and Market Integrity

Added on February 12, 2026 by C. Maoxian.

Jeffrey Starr of Charles Schwab wrote a good comment letter to the SEC which you should read in its entirety. I’ve excerpted some key parts below:

“Large reverse splits tend to be clear indicators of potential fraud, yet Nasdaq has not been vigilant in policing this type of behavior … Many of these microcap securities are nexuses for major fraud – pump and dump schemes often orchestrated by company insiders. Many of the microcap securities in question are for shell companies from the Cayman Islands and British Virgin Islands orchestrated by fraudsters often, but not always, located in China.”

“Exchanges such as Nasdaq are not properly policing existing listing standards and have overly lenient rules that allow fraudulent firms to stay listed for much too long, allowing the fraud to snowball.”

I’ve been saying this for years, but I guess I should have contacted the SEC directly instead of tweeting into the void.

Worst Adverse Excursions in January 2026

Added on February 1, 2026 by C. Maoxian.

January started out very sweetly with a full week of large gains, but then everything changed starting on Monday, January 12. I once again grew too cocky and arrogant and even pulled my stop in EVTV as it ran up. This is the cardinal sin, and the market gods will punish you mightily if you EVER do this.

I believed that I had such a great “read” on the price action in EVTV that I could get away with pulling my stop, but of course it went much higher and I ended up puking out the full (and oversized) position after hours at the top tick, losing significantly more money than I had planned.

This began a sort of spiral as I took outsized losses in ROLR, SPHL and VERO that same week. Needless to say, I lost money day trading this month, and I got lucky to more or less miss the terrible Chinese-driven squeezes at the end of the month in TCGL, ELPW, and PHOE. Pulling one’s stop in any of those would have led to ruin.

Take your time and #shtudy last month’s example outlier moves below. Click to enlarge any of the charts. And don’t forget to look at the outlier moves in October 2025 (23), November 2025 (5), and December 2025 (6).

January 12: EVTV (USA)

January 14: ROLR (USA, scAMEX-listed),

January 15: SPHL (Singapore), CJMB

January 16: VERO (Canada)

January 21: PAVM (USA)

January 22: SXTP (USA)

January 29: TCGL (Singapore)

January 30: ELPW (China), PHOE (Hong Kong)

Worst Adverse Excursions in December 2025

Added on January 1, 2026 by C. Maoxian.

December 2025 was another outstanding month for dingbats. There were only a handful of massive outlier moves during the month, which I’ve detailed below. You have to prevent yourself from tilting on these days, and reviewing old outlier moves is one way to inoculate yourself from tilt. Good luck!

Don’t forget to review the Worst Adverse Excursions in November 2025 (5) and the Worst Adverse Excursions in October 2025 (23!).

Click on the charts to enlarge them.

December 1: AHMA, FLYE

December 9: AFJK, OCG

December 10: BBGI

December 15: RADX

Worst Adverse Excursions in November 2025

Added on November 29, 2025 by C. Maoxian.

There were significantly fewer terrible adverse excursions in November 2025 (5) compared with October 2025 (23). As long as you didn’t monkey with the system, November was an extremely profitable month for shorting dings given the tiny number of max losses offset by hundreds of winning trades.

November 5: MTC (China)

November 11: LFS (Japan)

November 12: LPTX (ticker symbol later changed to CYPH) (USA)

November 18: OLMA (USA)

November 19: WSHP (UK)