Price Discovery, a term that you’ve probably heard us toss around a time or two, is actually an integral part of the trading process. The, where he is ready to be the counterparty to our trade. If we are willing to transact at his prices, we can be filled immediately on these orders. However, we could also attempt to , and sell above the bid, buy below the ask, or anchor somewhere around the midpoint between the two. Mike (from Everyday Trader) joins us in the studio and brings with him the perfect example to illustrate the important role that plays in this process.