ridiculous.
smart traders liquidate a big position slowly in this sort of market. You don't need big buyers, you need the number of shares. It doesn't matter if that comes from one order or 1,000.
that guy missed out on at least 10% because he did exactly what you are saying to do. Instead, he could have put up a sell order at 1,000 shares or maybe 1,500 shares and once it fills, put another one up. Boom. 5 minutes, and his position is liquidated without missing out on profit.
I call something stupid when it is stupid. The trader sold all at once, instead of setting up multiple sell orders and thus missed out on 10%. I don't consider that smart.
It depends on the timeframe. If they think the price of LABCOIN, or some other opportunity, is going to go up in the amount of time it would actually take to sell that order through posting asks, it might make sense to liquidate that way. That's how I got the BTC in my account to buy Actm before I sold it again for a 65% profit in that huge spike.
(I actually went back and checked and I actually held ActM about 1h before I sold it)
Did you or did you not just say that price might go down on good news? And did or did I not warn people of that yesterday and get laughed off the thread for it?
What's changed in the past 24 hrs?
Come on Ytterbuim where are you? Why can't you further explain your assessment of the situation. You basically said it's looking dire, you said there is not enough capital in the crypto-currency mining market, not enough buyers to push this over 0.004 -
even on good news. Can you explain that a bit more for the worried holders?
Off selling some LC are we? That would be logical if you believe your own assessment of this stock in this market.
Your expectation of instant replies mirrors the unrealistic expectations of a lot of bitcoin investors looking for weekly updates from their IPO-of-the-month.
I don't know the guy, but maybe he's a football fan? Maybe he has kids and he took them to Six Flags or something? Maybe he has better things to do than hit F5 all day here? There are times when I don't come here for a week at a time because I have no interest in finding new news. A lack of response does not indicate a refusal to respond.
Just make your point and wait. If you don't get a reply, consider your point either 1.) ceded because your argument was insurmountable, or 2.) inadequately made and therefore ignored as not worth replying to. But don't just keep demanding answers, it rings of shallowness and immaturity.
He doesn't seem to understand how the
ignore function actually works...
Of course, it doesn't help if people keep responding to him and quoting him
I think the fact he went silent after a difficult question speaks volumes
No, it doesn't. It means he hadn't replied. That's all it means. Nothing more. You can infer all the reasons possible for the lack of response that you want, but it doesn't make your inference the truth.
And also that
I can't see his posts. Because I
put him on ignore. Definitely makes it easier to catch up on the thread. There's only so much money you can make day trading these virtual stocks, the real money is in holding and waiting, for the most part. Besides I doubt they'd do an announcement on the weekend anyway.
