Get a receipt.
$AMC Entertainment (AMC.US)$ Hey so- anyone else putting limit orders at 1 share for 500k? I am. this is not an unusual practice for obvious reasons.
I wish to demonstrate intent, and capture this exact intent by receipt of the exchanges rejection. I have a cash only account. So by trading perspective, my shares are MINE. I Purchased them without margin! They cannot be lent out by rule because this is cash only! If they are, that’s fraud. I own them out right. Therefore I set the price for my shares. Understood that the exchange can reject my sell order at the exact time I make it for being too high, like I did today. But nevertheless I HAVE THE RECEIPT of my intent to sell at 500k for that exact time. Apes should be getting receipts of intent. Even if their sell order is Rejected, for nothing else but a snapshot and demonstration of intent.
I wish to demonstrate intent, and capture this exact intent by receipt of the exchanges rejection. I have a cash only account. So by trading perspective, my shares are MINE. I Purchased them without margin! They cannot be lent out by rule because this is cash only! If they are, that’s fraud. I own them out right. Therefore I set the price for my shares. Understood that the exchange can reject my sell order at the exact time I make it for being too high, like I did today. But nevertheless I HAVE THE RECEIPT of my intent to sell at 500k for that exact time. Apes should be getting receipts of intent. Even if their sell order is Rejected, for nothing else but a snapshot and demonstration of intent.
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