trading tactics

while we are killing time,the other day i was trying to trade sev amidst all this turmoil.

the gap between bid and ask was 5c,i could have got out at cost but thought i stay,averaged down kept watching looking
for a change ,then i see as the broker platform reformats all the asks disappeared simultaneously at under 6.28,the stock was ranging at 6.04 to 6.13,the company has cash backing for its sp.plus other assets,anyway it was then i realised the depth the broker was controlling the bid and ask,i sold immediately at a loss,why sev is a fortress held by the broker.

wish i had stayed but thats life,it was a trade.

so ignore all those huge blocking asks,they are just trying to worry you so they can accumulate then sell some ,not all,
at higher prices.

whats more their in a very safe position,providing no positive news comes at a company or world level,then of course they will sell at a profit and if you buy you will get an opportunity for profit as well