RE:RE:RE:What happened today?Complain, complain, complain. Since you are in Alberta, call the ASC and the OSC and ask them why anonymous trading is allowed. Also, ask them why desk traders at the banks aren't separated from retail traders at those banks. Take the person's name and ask them to escalate the question. The more people complain, the more they will do something. One person can only do so much before they go "not that person again".
"Anonymous" are professional traders. I don't have an option when I trade to send it as "anonymous" why should professional traders have that option? And it's built for abuse: Pros might pretend to buy from their House and sell via Anonymous. Or vice versa. It's broken. It's misleading and in the age of free flow of information via these forums and electronic information systems, like stockwatch, 100% outdated. Ask them why clearing times 3 days. That's another vector for widespread abuse. It used to be to move paper slips around via couriers. Everything is done electronically today, in seconds or microseconds. The brokerages don't want to change the system, it's rigged to their advantages. The investing and trading public have to complain to regulators and government. If you have specific allegations against brokers, you call IIROC and they can monitor the trades. They never confirm anything unfortunately.
The more people complain and ask for an "equal playing field" between retail and professionals, the more the little guy has a chance.
And frankly, there's nothing illegal about algorithms trading. It's perfectly legal. Again, pick your level of volatility. There's tames horses and broncos. Cannabis stocks are wild broncos. Ride keeping that in mind.
GarlicToast wrote: What can shareholders do to prevent this Anonymous buyer that is manipulating the trades on the TSX? Is the OSC asleep at the wheel?
MartialArts - (5/17/2018 4:56:53 PM) RE:What happened today?
You are correct. The pullback today is 100% trading action. Machine trading. Most of the trading this days is done by systems, not people. Systems see a huge run, hits overbought condition RSI >70 and CCI >100 and sells taking profits. I talked about taking profit as we hit $13 and investors got upset. It's not me, it's the charts.... I just say what I see and I'm not always right.
Investors get discouraged and buy and sell at the wrong time. Correct. If you don't want volatility, pick a different sector. This will continue to be volatile for months/years.
That's why if you want to be an active investor, you have to learn the trading tools. Don't try to trade without the right tools. It's like racing a car without knowledge or skills. You're going to wipe out.
As an investor, study which stock will do well over the long run. Buy, hold and buy on dips. If the stock is flawed, bail and pick a different stock to trust your money on.
If you want to jump on the racing track, you need to learn charts. Stockcharts Chartschool is a good place to start but keep in mind there isn't one single formula. Different stocks and sector behave differently.
Right now, algos and traders are shopping for stop loses. Many non-trading investors might have set "if it drops below $12, sell". And they picked that number for no other reason that it's a round number. Traders know that as long as we hold $11.39 on closing, we're in a good bull zone. If we drop below that support level, many will bail and wait it out.
I bought at $9, sold days later as it touched $13 a portion of my shares and will be rebuying here in the mid $11s with a tight stop loss. I'm posting my trades not to brag since few people here really know who I am, but to show how machine trading (and technical traders) think.
Don't get mad at traders, most of the big money is traded on machines and they really have no emotions. I'm trying to get there.