These sudden spikes at 8am ET pre market are not tradable. So you can't see these bids and offer on L2 (level 2 data) either. They are created simply due to an internal clearing process by market makers and are from transactions that happened the previous day.
sayno
:
Hi @Your Average Trader.. thank you for your advice in 101's channel. I'm a newbie, currently I'm in a rather bad position.. It's like no way out as I'm holding SQQQ at 43 range.
YNWA008
sayno
:
Hi, I really feel for you. Personally I feel the MM (Master Manipulator) is controlling the system. This upwards trend is getting more artificial by the day given the poor macro outlook. I decided to regain my peace and be more diligent in my daily work. Riding from the top of avalanche is not everyone forte.
Your Average Trader
OPsayno
:
Also i want to clearify. The reason why I say my suggestion is simply for reference is because I am very much against giving buy or sell advice especially in this particular case. I simply cannot manage your risk. I do not make trades like you so my suggestion is based on the asumption that i will make a bet like you did. So if im wromg I do not want to be the source of your loss. I simply want to help you undertand/learn about the markets and potentially allow you to make better decisions in the future. Again anything can happen tomorrow say some major seller realizes the drift away from fundimentals and comes in and starts crashing the market again or some major black swan incident can certainly happen and crash the markets again.
ttttt123 : Could you elaborate more about this internal clearing process?
Your Average Trader OP ttttt123 :
orchid88 : thanks you! saw it a couple of times and wondered what they were.
sayno : Hi @Your Average Trader.. thank you for your advice in 101's channel. I'm a newbie, currently I'm in a rather bad position.. It's like no way out as I'm holding SQQQ at 43 range.
YNWA008 sayno : Hi, I really feel for you. Personally I feel the MM (Master Manipulator) is controlling the system. This upwards trend is getting more artificial by the day given the poor macro outlook. I decided to regain my peace and be more diligent in my daily work. Riding from the top of avalanche is not everyone forte.
Your Average Trader OP sayno : Part 1:
Your Average Trader OP : Part 2:
Your Average Trader OP : My analysis in one sentence: short term upwards trend with limited upside though + pullbacks coming up potentially next week.
Your Average Trader OP sayno : Also i want to clearify. The reason why I say my suggestion is simply for reference is because I am very much against giving buy or sell advice especially in this particular case. I simply cannot manage your risk. I do not make trades like you so my suggestion is based on the asumption that i will make a bet like you did. So if im wromg I do not want to be the source of your loss. I simply want to help you undertand/learn about the markets and potentially allow you to make better decisions in the future. Again anything can happen tomorrow say some major seller realizes the drift away from fundimentals and comes in and starts crashing the market again or some major black swan incident can certainly happen and crash the markets again.
sayno : wow.. that's slot to digest! Thank u