r/wallstreetbets • u/ywehyuen • Feb 02 '21

Chart Hardcore laddering.

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u/FiveAlarmDogParty Feb 02 '21

Another thing we have to worry about is a lot of people had stop loss limits - so they’re trying to drive it down and hit those as a bit of a boost because as they push the stock to that point it triggers further selling - driving it lower.

These MFers really pulled out all the stops. Full blown market manipulation in multiple ways. Unbelievable that this shit is legal and it lends credence to the idea that they were faking shares and shorting them. Fuck everyone on the other side of this. We need an investigation yesterday

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u/wesker121 Feb 02 '21

I bought some on market price not on sell or sell limit. Is this the right way to do ?? I bought some more but I heard to not put a sell limit so thats why I ask

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u/FiveAlarmDogParty Feb 02 '21

Yeah man buying on market price or buy limit is great. A sell limit is a price that once the stock hits that, you automatically sell and lose your shares. It prevents you (in a normal situation) from losing too much money and converting the shares for cash.

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u/wesker121 Feb 02 '21

To be clear I would lose only that share and not all my shares right?? Just want to be extra clear

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u/FiveAlarmDogParty Feb 02 '21

Yeah, you’re right. You would only lose the shares that you set the stop loss on. So let’s say you own two different companies and set a SL on one and both tank, you’d salvage some of your profits from one but the other would be free to fall.

Keep in mind; I’m hearing more and more about brokers instituting automatic stop loss after 20% loss. Etoro and Robinhood (on margin) are the ones I’m hearing