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AMEX is crooked..
- Thread starter aaronk321
- Start date
Quote from whitster:
every time a specialist brings a stock down to hit a stop, that means you could have had a limit order to ENTER long at that point, and other people may.
so, imo, it all evens out
one persons shake or stop run is anothers perfect sweetspot entry
if its so predictable that they will do this stuff, then set your ENTRIES where they will shake it to
From experience, I can tell you that if there are enough big buy orders down there they won't even attempt running the stops. That's the only thing I know of that will prevent it.
Cause they aren't actual companies so they don't go on the NYSE or Nasdaq
Quote from stock_trad3r:
Cause they aren't actual companies so they don't go on the NYSE or Nasdaq
true - and now in retrospect i'm sure nasdaq and nyse regret not going after the ETF business as efts nowadays easily must trade 500 million shares a day. without the etfs amex would probably would be nothing volume wise.
"From experience, I can tell you that if there are enough big buy orders down there they won't even attempt running the stops. That's the only thing I know of that will prevent it."
my buy orders hardly qualify as "big".
i also think that IN GENERAL, people put way too much importance on their orders/size such that they believe whomever is running their stops.
cmon
but again - my point is that no matter which way the specialists run a stock it provides good entry (or exit) opp's if you can see what they are doing.
spec's know how retail traders think, and where they are likely to feel pain, etc.
don't trade like retail.
my buy orders hardly qualify as "big".
i also think that IN GENERAL, people put way too much importance on their orders/size such that they believe whomever is running their stops.
cmon
but again - my point is that no matter which way the specialists run a stock it provides good entry (or exit) opp's if you can see what they are doing.
spec's know how retail traders think, and where they are likely to feel pain, etc.
don't trade like retail.