Oh well in that case, trade it tomorrow, you should make bank. Good luck figuring out what to do when he trades with 1.00-1.50 spreads.
Har
- Thread starter ssternlight
- Start date
Oh well in that case, trade it tomorrow, you should make bank. Good luck figuring out what to do when he trades with 1.00-1.50 spreads.
i never trade HAR anymore after i got jacked for $1K a few months ago when their 1Q earnings came out.
i tried to bounce an 8-point drop (on the second cleanup mind you) with 700 shares off ECN's and then I marketed out 200 shares right away in case there was only 1 retracement print.
the specialist then spread the stock 50 cents UP so i marketed out my remaining 500 shares so i could get the print after the first print.
instead of printing up 50 cents like most rational humans would expect since the bid/ask spread went up 50 cents, the next print was down 1 point (lost $200 bucks on 200 shares) and then the print after that was down 1.5 points from my entry (lost $750 on 500 shares).
in less than 20 seconds, i lost about $1K on 700 shares. my ass was bleeding for days after that trade.
consequently, HAR went down another 3 points after my failed trade and if i would have held the position in my face until the close, i would have made over 7 points instead of getting jacked.
i tried to bounce an 8-point drop (on the second cleanup mind you) with 700 shares off ECN's and then I marketed out 200 shares right away in case there was only 1 retracement print.
the specialist then spread the stock 50 cents UP so i marketed out my remaining 500 shares so i could get the print after the first print.
instead of printing up 50 cents like most rational humans would expect since the bid/ask spread went up 50 cents, the next print was down 1 point (lost $200 bucks on 200 shares) and then the print after that was down 1.5 points from my entry (lost $750 on 500 shares).
in less than 20 seconds, i lost about $1K on 700 shares. my ass was bleeding for days after that trade.
consequently, HAR went down another 3 points after my failed trade and if i would have held the position in my face until the close, i would have made over 7 points instead of getting jacked.
Ohh I remember that day very clearly. I actually caught two 1 point shorts with a few shares, in & out on ECNs and then toward the end of the run up, I bought 500 shares and limited out a point away knowing he will do one of his multi point spreads and some fool on the ECNs will take my offer. HAR saved my day that time. But just looking at that chart made me wonder just how many traders & investors simply got robbed. Down 8 points then up 12, smth was definitely fishy.
HAR specialist is definitely a character. Whatever nonsense the specialist proponents try to preach in regards to a "fair & orderly" market as well as having someone to be held accountable can be easily disputed with the HAR case. He is hysterical, but not for nothing, that has got to be one of the most volatile stocks on NYSE & Naz.
It's a good intraday swing stock, just make sure you get out in time.
Hmmm. Well , maybe an email to the spec saying you'd like to be able to trade his $90 stock and make 2-3- or more points , with only a 20 cent downside.
The illusion of liquidity on Nasdaq only applies to a very few shares that trade on the way up or down. 95% of traders can't get those prices unless they have hair triggers, and that will get you shook 9 out of 10 times.
I refer to the intraday chart as being quite typical , and a common pattern of a stock in play. If you've only seen this once in the last 5 years, well....
The illusion of liquidity on Nasdaq only applies to a very few shares that trade on the way up or down. 95% of traders can't get those prices unless they have hair triggers, and that will get you shook 9 out of 10 times.
I refer to the intraday chart as being quite typical , and a common pattern of a stock in play. If you've only seen this once in the last 5 years, well....
It's easy to look at a chart and say, "Hey, I've seen this a million times".
It's a completely different thing to be watching the stock and see the specialist crushing the shorts with multiple 1 point gaps on very little volume. It was total manipulation.
Before you answer with some smart ass comment, I never even traded the stock today. Just watched as a casual observer.
It's a completely different thing to be watching the stock and see the specialist crushing the shorts with multiple 1 point gaps on very little volume. It was total manipulation.
Before you answer with some smart ass comment, I never even traded the stock today. Just watched as a casual observer.
Dude if you really believe that, have a blast with HAR. I reckon you will get your a$$ handed to you thinking it is just another stock. Naz stocks don't spread through everyone's orders just to squeeze market orders out in both directions. Even a 1 min chart does not show what really goes on second by second.
The question is not whether the HAR specialist is the most brutal manipulator, the question is why the f**k do all these day traders keep falling for the same tricks over and over. Oh wait, they think like stock777, look at the chart and jump in thinking that it's just another volatile stock, nothing new.
Friend , I've seen everything in the last 8 years watching the market. Why you pick on the poor spec in HAR is beyond me. I can tell everything I need to know from the 1 minute chart.
Looks just like 1000 others. Maybe even less volitile now that you mention it.
Reminds me of the clowns that get all wet when GOOG moves 2 points. No, it should move 10 cents against you and 10 points in your favor. Yeah, that's the ticket.
And that clown YangTzee, or whatever, has too much time on his hands watching me
PS. just looked again at the last 20 days of HAR. Other than the death spike middle finger formation , classic blowoff top, and the associated retrace, this is a very calm stock.
You knew when you traded it that it was in full momo mode, to complain about manipulation at that point is , shall we say, disingenuous.
Looks just like 1000 others. Maybe even less volitile now that you mention it.
Reminds me of the clowns that get all wet when GOOG moves 2 points. No, it should move 10 cents against you and 10 points in your favor. Yeah, that's the ticket.
And that clown YangTzee, or whatever, has too much time on his hands watching me
PS. just looked again at the last 20 days of HAR. Other than the death spike middle finger formation , classic blowoff top, and the associated retrace, this is a very calm stock.
You knew when you traded it that it was in full momo mode, to complain about manipulation at that point is , shall we say, disingenuous.
Noone got the balls or brawn to pick on the HAR spec and he is far from poor. Just watch it trade, better yet, jump in and then you will actually have an idea of what you are talking about it. CME, KBH, PD, CAT, UTX are all high priced stocks and none of them trade like HAR.
I like HAR, I think he spices up the NYSE but that does not change the fact that his tactics are extremely brutal & manipulative. I fell for his stuff the first 2 days I traded him last summer and then I figured out 2 different ways to approach him with very good results. I still rarely touch it cause it's still very risky. My problem recently is that he starts disregarding limit orders just to get you to go market. Hence why he has been losing volume to ECNs. The ECNs on him swing wildly, probably more than most Naz stocks. HAR still remains one of a kind, there are some stocks that trade similiarly (FMD comes to mind) but he still remains in a league of his own.