Post by
Silentbull on Aug 07, 2020 2:12pm
Bots programming algorithm
The trading bots follow a very simple basic pattern. First of all the size of the bids/asks, nature of buyer whether its institutional/retail investor + brokers inputs which vary. As a rule of thumb, every time a retail investor buys, the price will go down and if retail investor sells the price will go up. Thats the basic premise of physcological trading pattern to entire retailer to come back with remorse in both cases. These are all short term pattern to trap a daily trader or retail investor. The average daily trader is smart enough to identify the pattern and follows the candles which sometimes mislead too on smaller volumes.
On a day like today when the average volume pattern is adhered to, its a perfect example of how bots do the trading.
The range is very tighly controlled by bots coz they dont want to throw out their shares while at the same time wants to control the price. The retail investors can outsmart the computer by buying in small blocks over 5 cents price difference and the bots circuit reverses. Also if selling,stagger it rather than throwing in chunks.
For anyone buying today look for $5.80s as a good trading entry point for next week and for selling, use power hour to go above $6
GLTA
Comment by
Silentbull on Aug 07, 2020 3:38pm
Todays bottom was $5.87, should close around $6, monday should open around $6.15, monday/tuesday needs to see a pop to around $6.5, then wednesday is an imp milestone where it heads from there....either back to low $5s on poor Canopy results or $7+ Need to be seen GLTA
Comment by
doomaaaa on Aug 07, 2020 8:31pm
expect to see prof clown back if it hits $6.50
Comment by
Silentbull on Aug 07, 2020 10:16pm
Sneekyboots, Leave the poor guy alone. He is a good story teller and people thought he has real time insights of whats happening. He pumpred and dumped, next time take everything with a pinch of salt and dont just believe everything you read here.
Comment by
Planetoflimes on Aug 07, 2020 10:51pm
that is the problem. Most would apologize or admit they were wrong, not claim to have insider knowledge and be so out to lunch, yet have such an ego. He will show up again and it will be the exact same.
Comment by
doomaaaa on Aug 07, 2020 11:13pm
owwwwwwwwwwwwww lmao what a clown