(Total Views: 229)
Posted On: 05/07/2020 1:15:40 PM
Post# of 1215
$VYST trading tips from observations today on how MMs are operating:
- Do not hesitate to hit the ask at any price you know you can make money on ahead - if you don't someone else will and it will be up another .0010 > .0020.
- If you bid at the current top level, the MM algorithms are outbidding retail.
- Do not be duped into selling when you see a loading wall of 500K / 1M - they have been taken out by huge institutional buys at multiple levels in the .0220 > .0260.
- Do not undercut the ask to sell when static - MM algorithms will undercut you - wait for large buy surges of .0020 > .0050 when small sells (25K / 50K) are imperceptible.
82M traded already in just 3.5 hours.
- Do not hesitate to hit the ask at any price you know you can make money on ahead - if you don't someone else will and it will be up another .0010 > .0020.
- If you bid at the current top level, the MM algorithms are outbidding retail.
- Do not be duped into selling when you see a loading wall of 500K / 1M - they have been taken out by huge institutional buys at multiple levels in the .0220 > .0260.
- Do not undercut the ask to sell when static - MM algorithms will undercut you - wait for large buy surges of .0020 > .0050 when small sells (25K / 50K) are imperceptible.
82M traded already in just 3.5 hours.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
