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Saturday, May 01, 2021 11:53:56 AM
If that sell was at a limit, it would not drop. But if you see a big sell and a price drop, it was sold at market. The price CAN'T drop if sold at a limit.
No. MARKET orders are simply an order to sell IMMEDIATELY at the best market price the computer can get and, yes, could lower the share price.
https://www.investopedia.com/ask/answers/100314/whats-difference-between-market-order-and-limit-order.asp
A market order deals with the execution of the order. In other words, the price of the security is secondary to the speed of completing the trade. Limit orders, on the other hand, deal primarily with the price.
It is mainly the BID WHACKING and ASK SLAPPING that raises or lowers the share price. That is, selling at or below the BID price can LOWER it and buying at the ASK can RAISE it.
https://www.wetradehq.com/guide/Trader-Slang
Ask Slapping: Trader slang for when a trader who buys shares at the ask price.
Bid Whacking: Trader slang for when a trader who sells shares at or below the bid price. This is abnormal behavior since sellers normally settle for a price between the bid and ask quotes. In general, bid whacking is seen as a negative by other sellers since it drives the price lower.
But BID WHACKING often LOWERS the overall share price also and ASK SLAPPING often RAISES the share price.
You can see that on Level 2.
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