ZTrader Macro & AI Notes

ZTrader Macro & AI Notes

Deep Quant Flow Series 02 Retail Flow: The Cheapest Signal in Modern Markets

Dorian's avatar
Dorian
May 01, 2026
∙ Paid

Why free trading was never free, and why your order is worth more than your opinion

Most retail traders believe they are trading the market.

They are not.

They are entering a routing system.

Before their order becomes a print, it becomes something else first: a signal, a probability object, a spread-capture opportunity, a hedging input, a toxicity score, a …

User's avatar

Continue reading this post for free, courtesy of Dorian.

Or purchase a paid subscription.
© 2026 Liao Wunkai · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture