On the same topic of trading every play the same strategy. Take for example MM's VNDM or BMAK... The belief of many traders is the VNDM or BMAK is always negative and so when they see it on the ASK they give up their shares too soon. Lol
This because they don't know when the worry about VNDM or BMAK..
Here is how it works..
Their is INACTIVE and ACTIVE VNDM or BMAK
INACTIVE *VNDM* OR *BMAK* IS ONE THAT JUST SITS ON THE ASK AND ANYTIME IT GETS SMACKED OR TAPPED SOME IT RUNS AND MOVES UP HIGHER ON THE ASK. SOME SHORTS OR MM'S MARKET MANIPULATORS US *VNDM* OR *BMAK* TO SCARE FOLKS INTO GIVING UP THEIR SHARES BY JUST IDLING ON ASK... WHEN THIS IS THE CASE... DON'T PANIC HOLD SHARES TIGHT...
ACTIVE *VNDM* OR *BMAK*- CHANGE PRICE LEVELS MANY MANY TIMES DURING A TRADING SESSION AND THESE MM'S ARE CHASING THE BID AND .
MY POINT IS THIS CONVENTIONAL WISDOM ISN'S ALWAYS THE RIGHT MEDICATION/APPROACH TO EVERY SITUATION..
ANYHOW... TO EACH HIS OWM... LATER BUD....
Love these money making plays....
This because they don't know when the worry about VNDM or BMAK..
Here is how it works..
Their is INACTIVE and ACTIVE VNDM or BMAK
INACTIVE *VNDM* OR *BMAK* IS ONE THAT JUST SITS ON THE ASK AND ANYTIME IT GETS SMACKED OR TAPPED SOME IT RUNS AND MOVES UP HIGHER ON THE ASK. SOME SHORTS OR MM'S MARKET MANIPULATORS US *VNDM* OR *BMAK* TO SCARE FOLKS INTO GIVING UP THEIR SHARES BY JUST IDLING ON ASK... WHEN THIS IS THE CASE... DON'T PANIC HOLD SHARES TIGHT...
ACTIVE *VNDM* OR *BMAK*- CHANGE PRICE LEVELS MANY MANY TIMES DURING A TRADING SESSION AND THESE MM'S ARE CHASING THE BID AND .
MY POINT IS THIS CONVENTIONAL WISDOM ISN'S ALWAYS THE RIGHT MEDICATION/APPROACH TO EVERY SITUATION..
ANYHOW... TO EACH HIS OWM... LATER BUD....
Love these money making plays....
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