Lingering around 10's

The sport of kings.
Post Reply
switesh
Posts: 527
Joined: Mon Jul 11, 2011 8:43 am

I saw this guy today that was sitting steady at 10, 10.5
Then he got into a bit of trouble to exit so he put 6k to back at 10.

Market saw this and reacted by moving a few ticks below. This guy then moved about 4k to 9's to try and exit. Market saw this and reacted even more....this guy kept chasing his exit until he was finally out at 8.

After that it was breeze. Layers began hitting and we're back to 10.

Lovely.

The 14:40 at Winc. Did anyone else notice this guy? Got it all on video.
You do not have the required permissions to view the files attached to this post.
steven1976
Posts: 1744
Joined: Tue Jan 19, 2010 6:28 am

Maybe someone laid about 500 at 10s (initial spike) and the 6k was put into the market to hold and push the price down? Not many people are going to have 60k wallets?
Post Reply

Return to “Trading Horse racing”