InvestorsHub Logo
Followers 9
Posts 730
Boards Moderated 0
Alias Born 02/18/2006

Re: None

Thursday, 03/21/2019 11:31:02 AM

Thursday, March 21, 2019 11:31:02 AM

Post# of 233041
A very good lesson to be learned from today's trading.

Someone sold this morning. It looks like they dumped 200k shares.
Instead of putting in an order in the middle of the range they slammed the bid (with a limit order) and got $0.145 - so $29,000 in proceeds.

If they had just been more disciplined and patient, they could have easily sold at $0.15 for $30,000. They cost themselves a full $1k on a fairly small position. That's an almost 3.5% difference.

3.5% is significant in times like these where interest rates run 2% per annum.

Use GTC Limit orders and pick ranges for your trades. It will make a huge difference in your net returns when you add them up at the end of the year.

Emotional trading always loses.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent LQMT News