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Re: shotsky post# 208578

Monday, 10/24/2022 2:48:14 PM

Monday, October 24, 2022 2:48:14 PM

Post# of 220431
So, in a situation like this morning, if Ihad a limit sell in for say .0109 being 10% lower than the close, the guy who entered the market sell of over a million at .0130 and took it down into the 90's would have sold his shares and I would not have sold mine. Then, if I had a limit buy in at .0099, being 20% lower, but thinking I was saving 10% more on the downside, would have made a big mistake, as I would have actually bought higher, because the share priice sunk much lower. The moral of the story is not to enter limit sells or buys at the open when big news is coming out because you could be left out in the cold and then screwed on the buy. The only way to beat the flippers, or join them, is to do a market sell at the high when you know there will be a lot of action. Then get your market buy ready for when it hits bottom, and you just need to enter the share price and hit the buy button. In either case is is a risky trade.