Soldato
extremely high volatility
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
extremely high volatility
Caporegime
Elon just tweeted in agreement with AOC. Will this type of publicity be good for Robinhood?
How hilarious is this. The unifying thing to bring America back together and forget Donald Trump is to pick a new enemt, Wall Street
Well when Occupy Wall Street was happening all these problems started showing up shortly that effect us to this day to turn the people against each other to divert attention.
I wonder where the funding came from for this to happen.
Watch now as the corruption/meddling/fixing get swept under the rug like nothing happened.
Soldato
We need a DEX. Hello Sologenic, hello Flare, hello XRPL.
Simply, you can only sell your stock if someone wants to buy it.
You set your stop loss at 220 say. The price gets to 220 amid a big selloff and trips your stop loss. The exchange tries to sell your stock, but no-ones buying at 220 anymore as the market is plunging. It has to wait until there's a buyer.
Plus there's a queue. All these traders on their apps are right at the back of the queue. The big players and the algos are trading on systems sat physically next door to the exchange, so they're getting their orders in before all the muggins retail investors.
Big queue of sell orders forms in a falling market, and the exchange is filling it as fast as it can, all the while the price is plummeting. The stop losses are feeding the plunge.
This is why there are circuit breakers exists...to stop these sell off spirals.
Any geeks follow ****y user stories on Twitter? Been looking for a reason to post.
https://twitter.com/shituserstories/status/1354847176602644481
https://twitter.com/shituserstories/status/1354847176602644481
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Soldato
So is it literally just a case of timing between a stop point of say 200 and the transaction going through the system at say 120? Have to say I assumed if you put 200 you would get 200!
Soldato
Thanks for that.
All made all the more worse when many apps don't allow purchases any more. There are far fewer people able to purchase those sell orders back.
Soldato
Thanks for the detailed explanation, makes sense.
Permabanned
Nobody's paying 200, if the best buy offer is buying at 120, you're getting 120.
Soldato
Wow 4500 shares at only $118 did it even dip that low? $130 was the lowest I saw.
That's a bit like your bank taking £500 out of your account to stop you spending it down the pub.
That a bit like an ATM saying no you can't have another £20 for some beers down the pub.
Wouldn't have had the problem if they'd set sell limits with their stops, but then of course they wouldn't have sold the stock.
Soldato
Yea, in extremely high volatile situations, which means high randomness and high unpredictability. You have buy orders and sell orders fighting each other, with lots of different players willing to buy and sell at different price points, there is no set agreement on what the price should be in highly volatile situations. Some sellers accept 100 when others are accepting 150, some are buying at 200 or 300. Its this spread between buyers and sellers that means your stop loss might not be triggered at the exact price you put it at.
Associate
Did any of the brokers available to us in the UK not limit trading of GME today?
Probably won’t do too much in the long term as it’s an easy platform to use; same with T212. Hopefully there is some action though.
GME paid off, £100 profit.
AMC did not, £100 loss.
NOK left it and grabbed more at $4.60 and now breaking even.
Corsair few hundred quid down at moment on 500 shares but gonna wait for that to either drop further and then buy another 500 or just be patient and wait for it to bounce again, no complaints as it made me plenty yesterday.
AMC did not, £100 loss.
NOK left it and grabbed more at $4.60 and now breaking even.
Corsair few hundred quid down at moment on 500 shares but gonna wait for that to either drop further and then buy another 500 or just be patient and wait for it to bounce again, no complaints as it made me plenty yesterday.