Absolute degens
I'm here for the long run but lord some of you are literal paperhand tards, let me explain. There can be 1000x more buying than selling but the price will only ever be what someone is willing to pay, therefore if theres a 300K sell order at .63 and you put in a limit for .629 your doing shit to help. BUY THE ASK - NFA
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
EZ_money : i agree 1000%
EZ_money : need to buy the ask price to push the price up otherwise you're helping the shorties out
noimplusivemoves : true like even if you don't buy the ask at least buy at market price instead of pushing the price to be lower bruhh
Alexandria : I didnt know that how many others also didn’t know? Needs to be explained.
EZ_money noimplusivemoves : the ask price is designed for sellers if everyone bought and sold at market price all day how far will it go?
SkyTrain27 OP : Putting in a lower buy price allows then to move there massive sell walls lower, suppressing price. It’s that simple. This could have already been pulled off with more experienced traders.
SkyTrain27 OP EZ_money : Ask price at least allows you to not be screwed with a super high entry, Market is always the next available ask so if the squeeze were too occur as you placed a market order you could be filled super high, ask at least allows risk management on price.
Alexandria SkyTrain27 OP : I honestly do not believe more experianced traders would have one ioter of interest in this stock.
EZ_money SkyTrain27 OP : again, i agree 1000% with that statement. we would have had a true squeeze.
SkyTrain27 OP Alexandria : How so? experienced traders were the ones pointing out the massive short interest held. Your average Joe probably doesn’t even know what short interest is lol they just see something climbing and jump in.
View more comments...