Whoa! I just meant players without a fundamentally-driven conviction, trading it off technicals / charts with only a weak, changeable view on the name.
This is close day price picture. This is volume. It become large the day before I entered. Before that, It is a as you said illiquid stock. I personally like this shape and can make money from this trends. The only thing is how much volatility I should bear. And in this stock, I failed to point a right one.
I agreed on hedge and diversity strategy. But on this stock, I just want to make a day trade for easy money. And I think I did not point enough volatility to make it. Still, You are quite right on robotic means. When tips are big enough, they would fire on and took money. Maybe market order is a solution for day trade as long as we could have a fast fingers like professional traders.
Manage your trade in a way that avoids being stopped out by noise. For short term trading, you should have mental stoplosses, i.e. a recognition that your original trade is no longer worth staying in. A little spike here and there can be suffered as long as your original trade works out. You want to stay in the trade long enough to see whether it was a spike or a significant change. Mechanical stoplosses should be used for catastrophic changes that you may not be capable of judging in time.
"You want to stay in the trade long enough to see whether it was a spike or a significant change." Is it any quantitive figure I can refer to? 'cause it may cause a large number of lost when 'significant change' has been proved after I hold it long enough. I actually was ready to take about 4% lost on this trade, but it is still not big enough when I reviewed it. The question is I am not sure if it is reasonable to give it a 10% tolerance then.