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Posted On: 06/21/2017 9:47:11 PM
Post# of 72440
296 to 13 flash crash, then immediately back to 296ish.
http://www.businessinsider.com/ethereum-price...ash-2017-6
And people think that can't happen. But then I think about DNDN, closed at 7 one day, opened at 21 the next, but in the space of a couple of minutes in the morning it dipped down to 7 again, then zoomed back up to 21.
Why would that happen? To take out the stops some people put in, that's why.
DON'T USE HARD STOPS. If you just have to have a stop-loss, at least make it a following stop -- a stop that is linked to a moving price ("sell if it drops 50 cents below the high of day" for instance). Following stops do NOT get displayed in the market makers' order books. The only entity that knows about it is your broker.
http://www.businessinsider.com/ethereum-price...ash-2017-6
And people think that can't happen. But then I think about DNDN, closed at 7 one day, opened at 21 the next, but in the space of a couple of minutes in the morning it dipped down to 7 again, then zoomed back up to 21.
Why would that happen? To take out the stops some people put in, that's why.
DON'T USE HARD STOPS. If you just have to have a stop-loss, at least make it a following stop -- a stop that is linked to a moving price ("sell if it drops 50 cents below the high of day" for instance). Following stops do NOT get displayed in the market makers' order books. The only entity that knows about it is your broker.
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