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03/28/17 5:48 PM

#40646 RE: Damonator #40620

Hey man, just an fyi, MM's have Level 3. L3 sees stop loss orders. Keep that in mind.

MCMarketShare

03/28/17 5:59 PM

#40661 RE: Damonator #40620

Yes watch your stop loss, the MM's do see this and if it is significant enough,they can dip it down even for a second then shoot the price right back up, I had this happen when I was in a great position with a lot of shares riding on a well known good stock, it dropped right down to my 2M worth and grabbed it then shot right back up, it was crazy and I ended up having to buy back at a much higher rate. In my opinion, just have a hard mental stop and stick to it, if you see it break or hit your stop, sell your own shares, don't let the MM's come down to take them from you. Just trying to help because I got totally screwed by doing this........

Kramden1

03/28/17 7:19 PM

#40725 RE: Damonator #40620

That's EXACTLY why I don't use them! Everyone should lock them up way up high $5 etc, and release what you want when you want to sell them. IMO, just "MENTALLY" keep a spot in mind and sell if it hits that. GLTY