RE: Surge….17 Oct 2024 08:51
Quick
No probs in a nutshell, I subscribe to lvl3, it cos me £385+vat pc, it pays it way believe me, you get to see a lot of trading from the big boys ect,
Now it's like let's say you buy 100 shares at £1,you can preset to sell at £1.10,taking 10p profit. Viceaversa, you can also preset same, in other words you can set a sell at 95p to preserve your losses.
That said on level 3,you can offer shares to market ie if I own say share A with say 100000 at current sp of £1 and markets good I can send my 100000 to market at my price of say I ask 105p,mms will buy to create supply ect to retail buyers.
Now when I say there's a gap at 124.82p, somebody's put 17mn on sell, imv it's a usa hedge fund with a short, they want the sp to drop, there was 13 shorts on jd, they was opened in the 150s range,
So without over burdening you you borrow 1 share you borrow at £1,you then think this will drop depends on the any lists info finances ect, you short it to 80p,when it hits you buy the 80p share and return it back, minus a fee say 3%, you make 17p for borrowing the share,
So with big hedge funds they deal in 100s of millions, there reading of the jd share is negative, imv it's a short that's put 17mn at 124.82p it's created a gap in market, same as there's a gap up to 168p,to gain momentum these positions need to be executed, those shares will get sold, and then bought.
In a nut shell it's created a gap in market.
You can't beat study read, study read, the more you educate yourself the resulting profits from trading will come.
Thats my view, others may differ from my take, trust me when I say this.