| ▲ | jwpapi 15 hours ago | |
The examples didn’t look like they’ve completely emptied the orderbook | ||
| ▲ | 0x3f 6 hours ago | parent [-] | |
Because there's always some uncertainty and capital limits. But the uncertainty about the outcome is itself inside info, and that's compounded with your own uncertainty about the insider as a copy trader. So the insider will empty out certain price levels only, and your certainty is strictly less than theirs, meaning you have even fewer viable levels to buy. | ||