thank you nitro! this particular post made real money for me today. i had shorts that i wanted to cover today, saw your post and moved the orders much lower. at that point i had to be on the road and missed watching the crash. needless to say the orders got filled on a day like today. i locked in only a bit of today's move, but it was much better than missing the whole thing. p.s. i believe one should not trade on "tips" but once in while i make exceptions to my own rules
"NFV" 1122.09. SPX 1112.71. NFV is trading above SPX, something that is normally unusual, but we have seen it with some frequency the last two days.
Within two minutes, we have a large divergence SPX vs NFV: NFV 1120.94. SPX 1103.31 SPX is a bird with a broken wing.
Start getting a list of stocks you want to own. As long as NFV is close to SPX or above it, add to that list a little bit at SPX 1092. Then a little more at 1082. Then get aggressive at 1072. You might lose, but it is the disciplined trade, imo.
dont know about u guys but MM will try to squeeze as much money as possible out of every situation...I had a stop order for IWm at 66.34 activation price to buy to cover and not only did the price stock reach this level and go above it without execution but after 4 minutes of just looking at nothing happening with the order and IWM at 66.8, I am told it was rejected by the MM. By the time i covered i had lost 1700 dollars just because the MM decided that it had too many orders in its hands to handle my order