Is it a level playing field? Veterans please advise !
1) Ask/Bid paints a bountiful picture ! Sometimes 30% or more above current price !
Yet ! Resistance is quietly slipped in to cap the ceiling !
In my experience with Moomoo, the Resistance and Support info within the mobile app, proved helpful.
Made a lot of bad investments just looking at those heavily inflated Ask/Bid values. ( what a sham ! )
This feature is unavailable on the Desktop app. Hope it will be available soon !
( Helpful feature )
2) Buy / Sell price restricted to nearest 5 !
Resistance / Support value has no such restrictions !
( Example : 0143 KEYASIC : Support : 0.052 / Resistance : 0.064 )
System is set to keep us traders dreaming of hitting 0.065 like no shit ! ( pardon my expression )
3) Uninitiated newbies easily fall for trick (1) & (2) and end up sand-bagged like forever and ever.
"Promising" counters open a certain time and hold the trade at a fixed price the whole day just like a fisherman with his fishing net spreadout in the sea waiting for unsuspecting fish.
Sorry for this boring story but some advice with be helpful !
Thanks from a newbie !
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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