How do you fancy a 20% flash crash and rebut in about 10 seconds flat.....
These things happen I’m afraid, especially with so many algos and bots on to- of a manipulated market, and that’s an important lesson from me to you.
I never, ever trade on margin in these markets. There’s no need. Really.
And, this is a tricky topic, but I don’t use stops. It’s just too easy to get stopped out in an unfavourable position and then once all the stop hunting is done, massive pump in favour of your original trade. Sound familiar?...
Now what’s the betting that just scared the crap out of a load of people, took out every stop in sight and after this subsides - ZCash rebounds hard! That’s my bet anyway.
Crazy times. Trade safe.
The Colonel
These things happen I’m afraid, especially with so many algos and bots on to- of a manipulated market, and that’s an important lesson from me to you.
I never, ever trade on margin in these markets. There’s no need. Really.
And, this is a tricky topic, but I don’t use stops. It’s just too easy to get stopped out in an unfavourable position and then once all the stop hunting is done, massive pump in favour of your original trade. Sound familiar?...
Now what’s the betting that just scared the crap out of a load of people, took out every stop in sight and after this subsides - ZCash rebounds hard! That’s my bet anyway.
Crazy times. Trade safe.
The Colonel
Comment:
For the record, TV won’t allow publication of 1 minute chart, so 15 min was the smallest timeframe for this post. But the 1M chart looks the same. This happened within seconds not minutes!