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RE: Trade like a profesional, with no emotions + building small accounts
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Been following this low volume coin, and just a few minutes ago my alert got triggered (account in process so its not a buy order)then it dropped below 0.00001000 down to 0.00000911, by the time I pulled the chart up (some 30 seconds later) the price already jumped back up 25%. You can see on the chart I provided it just happened. Now my question is had I had a buy order down there at where I had my alert would I have gotten in down there? Or would that drop in price have happened too quickly. Kinda threw me for a loop, but if I'm looking at it right I could of had a quick 25% profit had I set a buy order down where I had an alert set, correct?
You would have gotten it.. the exchange doesnt skip orders.. we dont have a book like the stock market where participants can buy anywhere on the level 2.. so you would have been executed, because you would have been in the line up on the bid.. This happens to me all the time..25% in a minute
That's pretty damn exciting!
Your alert is set for 900, why so low? ADT dropped to 911, was the alert in your screen capture set after the drop?
I had two alerts, one at 1000 and one at 900, the 1000 one went off since it dove past that to 911. I set my alerts that low for this exact reason to see if theres a quick drop like there seems to be on previous recent areas of the chart. It just all happened so fast, I doubt I could of manually done anything about it, just curious if the buy order would of taken place since the dive down and bounce back up was so fast and furious.
Sorry Luc, when I posted this earlier I was busy at the office and had not gotten a chance to watch the video itself and you answered my question with that last example of where to sell. Hope you feel better, this video was gold!
I bought some of those in the early spike down. I did it just like you but instead of alerts I'd buy orders and worked just fine
Sweet! In process of getting my exchange accounts set up, can be quite the pain in the beginning lol, in the meantime I've been watching all these trades I could of taken and its KILLING me!!