PennyStocksGuru. Correct - I agree entirely. I
Post# of 2306
(Total Views: 301)
Posted On: 06/27/2018 5:14:46 PM
Re: PennyStocksGuru #300
PennyStocksGuru. Correct - I agree entirely.
It is worth bidding but the MMs are using an algorithm to outbid any retail buyers automatically to fill orders- either for large institutional investors or to use themselves to trade on surges. I can tell that from the speed of reaction of the bid being raised above mine - quicker than anyone could enter the order manually.
At a certain price point, the automatic bid raising ceases - you have to be able to watch and keep trying all day to find a level where you are not outbid. As one of the busiest, high volume traders in the OTC, it is counter productive for me to do that as I would lose out on $4-figure gains on average every day elsewhere (from both my Watch List and scanner spots).
Normally the level at which the automatic outbidding ceases is when the spread has closed up to where the difference between the bid and the ask is not worth bothering about (for instance .16 > .18) especially bearing in mind how quickly it is likely to run up let alone where it will go to long-term.
To illustrate this, I made my first $490 on $TMPS with just 20K shares without even knowing anything about the stock just by reacting to what I saw on the scanner and Level 2 (on the bounce from the aircraft storage shares sell day surge when it was being manipulated down for reloading).
To accumulate any worthwhile amount of shares, you have to be willing to hit the ask as well. When doing that, you cannot assume that what is shown on a fake ask - put there to dupe the inexperienced to sell on the bid - is actually going to be sold to you.
What I have already demonstrated in my contemporaneous record of trading here in recent days is that a 10K ask buy set at a particular price is first delayed, then partially filled at a cheaper price (nearer the bid) to make it look like someone is selling - followed by a larger partial fill slightly higher - still below the visible ask amount) - then the rest is not filled and remains unfilled on the bid. The ask is then moved up - often in a significant bound. If somene doesn't hit it immediately, it is lowered by about half the gap.
Once whale traders recognize that pattern - exactly the same has been happening on $APRU for weeks in the .025 > .06 range - it makes it obvious what has to be done to accumulate a decent size position and what is required to get a run going regardless of anything the company does / says.
or not.
All the above is just my opinion but what I work to successfully every day as a full-time trader using military career experience of noticing, interpreting and acting upon a wide range of multiple, continually changing data inputs.
It is worth bidding but the MMs are using an algorithm to outbid any retail buyers automatically to fill orders- either for large institutional investors or to use themselves to trade on surges. I can tell that from the speed of reaction of the bid being raised above mine - quicker than anyone could enter the order manually.
At a certain price point, the automatic bid raising ceases - you have to be able to watch and keep trying all day to find a level where you are not outbid. As one of the busiest, high volume traders in the OTC, it is counter productive for me to do that as I would lose out on $4-figure gains on average every day elsewhere (from both my Watch List and scanner spots).
Normally the level at which the automatic outbidding ceases is when the spread has closed up to where the difference between the bid and the ask is not worth bothering about (for instance .16 > .18) especially bearing in mind how quickly it is likely to run up let alone where it will go to long-term.
To illustrate this, I made my first $490 on $TMPS with just 20K shares without even knowing anything about the stock just by reacting to what I saw on the scanner and Level 2 (on the bounce from the aircraft storage shares sell day surge when it was being manipulated down for reloading).
To accumulate any worthwhile amount of shares, you have to be willing to hit the ask as well. When doing that, you cannot assume that what is shown on a fake ask - put there to dupe the inexperienced to sell on the bid - is actually going to be sold to you.
What I have already demonstrated in my contemporaneous record of trading here in recent days is that a 10K ask buy set at a particular price is first delayed, then partially filled at a cheaper price (nearer the bid) to make it look like someone is selling - followed by a larger partial fill slightly higher - still below the visible ask amount) - then the rest is not filled and remains unfilled on the bid. The ask is then moved up - often in a significant bound. If somene doesn't hit it immediately, it is lowered by about half the gap.
Once whale traders recognize that pattern - exactly the same has been happening on $APRU for weeks in the .025 > .06 range - it makes it obvious what has to be done to accumulate a decent size position and what is required to get a run going regardless of anything the company does / says.
or not.
All the above is just my opinion but what I work to successfully every day as a full-time trader using military career experience of noticing, interpreting and acting upon a wide range of multiple, continually changing data inputs.
(1)
(0)Tempus Applied Solutions Holdings, Inc. (TMPS) Stock Research Links
"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.