Saturday, September 19, 2020 2:56:55 PM
Use it wisely.
I doubt you have the Kahuna’s to do what it takes so I’ll give you my secret to “penny slots” put say 1,000,000 shares up on the ask then another 1,000,000 on the next ask and 1,000,000 on the bid and another 1,000,000 on the bid one tick lower.
Set these orders as GTC open ended and take the grandkids camping. You won’t make as much money as “Lawnmower theory” but it is de-risked for an investor of your temperament.
Worst case scenario is you make $100 a day best case $200 a day but you are at the mercy of the volume, with the “lawnmower theory” YOU make the volume because YOU make the market. Also, take note at when the “dumping” ends before 1:30 pm always??? ?? those margin calls go out when again ??. So, in summary, is it “dumping” or “shorting” or both to throw off the scent sniffing dogs?
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