Yes, I realize that we were stopped out of one of our group of five stocks yesterday according to my selling guidelines. And that likely only happened because too many people used automatic stop loss orders that enabled HFT algos to identify a large group of stop loss orders that existed at the exact same price. I firmly believe that if I had not issued selling guidance at that price, and that automatic stop loss orders had not existed at that price yesterday, that the stock price would never have descended to that price level, as it only descended 0.43% below my selling guidance. And even though this share price descended further today at market open, it has since rebounded strongly and is now trading above the triggered selling guidance price from yesterday. In addition, had I not lowered my selling guidance for the stock we just purchased yesterday, that selling guidance would also have been “hunted” by the HFT algos and we likely would have been stopped out of that position as well. But as it is, because I lowered the selling guidance, that share price has strongly rebounded since then and we are still holding. So for now, we are still holding positions in four out of five, and will be holding positions in five out of five again shortly.
© 2024 J. Kim
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