True. That's a short/long squeeze, but beside the point.
I question the practice of creating liquidity against yourself. A stop loss order creates liquidity against your position. It may encourage the price to move against you.
Lately I've been hesitant to put stop orders in against my positions, and I'm curious as to what you think of my reasoning.
Example: Imagine being long on Nasdaq:MU for 10000 shares, BOT at $18.71. A GTC stop order is entered at $18.50.
What I really dislike is that you have created liquidity...
Thx Robert. How about under "normal" circumstances; a case where the market is happily bubbling along, and then violently upspikes, gaining 10% or more in a day?
Heya Peeps,
Lately I've been noodling on market crashes. Some that immediately come to my mind are:
The crash in 2008
The "flash crash" in 2010
The great market crash in 1929
In your knowledge, has there ever been a massive market upspike? I'm at a lack of words to describe this.. imagine...
The Dow, S&P, Russel 2K, and Nasdaq have all set record highs under The Don!!!
Financials on a tear, energy up 2%... numbers don't lie!
Mess with the Bull, you get the horns!
https://www.cnbc.com/amp/2016/11/21/us-markets.html
As a day-trader/speculator, how do you peeps answer this question?
Telling someone that you're a day-trader or speculator, conjures images of either a "self-employed" person stumbling to their desk at 9:30 in their pajamas, or a fabulously wealthy individual with properties scattered across...
I think that a total repeal is probably not realistic, but pieces of it may be pulled back.
Seems that Trump is planning to kill it off.
Methinks this the cause of the recent financial pop...
I'm trying to get my head around this move.
Apparently they banned these bills because peeps were hoarding them and not paying taxes
http://money.cnn.com/2016/11/14/news/india/india-rupee-currency-anger/
http://www.bbc.co.uk/news/amp/37970965
What would I do if I were in their shoes? Imagine...
The problem with swing trading is that if the market moves against you in that loooong time between market close and open the next day (or even longer if you hold over the weekend), grab your ankles!
You can try limit orders during after-hours to save some, but with any kind of spike... get in...
Before you start fiddling with settings, do a cold restart.
Specifically, do not hibernate, sleep, suspend, or even reboot.
Close everything down, shut down, wait a minute or two, and then start your machine back up.
A rally is one thing, but a 1500% increase??!
http://seekingalpha.com/instablog/379412-darren-mccammon/4933713-floating-dead-shorted-diana-containerships-dcix-today