Hi Forrest,
You DO NOT need activity in a warrant to trade it as you say.
Well said, who cares about activity, as i keep saying.
Look at my post on BHP, RIO and NCM yesterday pointing to a PUT play...NCMWZU was 31 cents now at 35 cents. My point is that liquidity is irrelevant to me as i am competing with the Market Maker and yes he is sometimes unfair as he has a 1 to 2 cent spread. If others rely on activity to feel more confident etc....to make a trade, that is there choice.
It is wise to call them as Debono said and ask for a lower entry price in most cases if you push them they will do it.
Was there much activity yesterday in the PUT play...not much...then why and how did i pick the PUT play on these stocks...because i look at the the situation then and there and make a decision..as i said, i lead and not wait for others to show that there is volume etc...in a particular warrant.
Again posters need to look at the Mother stock, analyse the situation and see if it is a PUT or CALL play...and activity in a warrant is no concern to me, as i make my choice and trade it with the MM.
You enter a Warrant,Option or CFD, because the MOTHER stock is showing me a move about to occur....so volume and liquidity etc...is no concern as long as you pick a good derivative to trade.
PEOPLE NEED TO PAY ATTENTION TO THE MOTHER STOCK ACTIONS.
Then you choose a derivative to trade...and if you are the only one buying...who cares as long as you made the right choice.
BE A LEADER, NOT A FOLLOWER as i notice most traders are followers and look to see what others are doing and if there is volume, liquidity etc....WRONG..WRONG..WRONG.
A smart trader makes his own decisions and acts on them irrelevant what others are doing.
PLAN YOUR TRADE, THEN TRADE YOUR PLAN.
Nice to hear from you Forrest...have a nice day.
Cheers,
MINOTAUR.
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$307.16 |
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-0.770(0.25%) |
Mkt cap ! $148.4B |
Open | High | Low | Value | Volume |
$309.31 | $309.89 | $305.94 | $474.0M | 1.557M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $307.00 |
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Price($) | Vol. | No. |
---|---|---|
$307.30 | 1568 | 3 |
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No. | Vol. | Price($) |
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1 | 2369 | 306.160 |
4 | 270 | 305.000 |
1 | 55 | 304.880 |
1 | 2 | 304.800 |
1 | 55 | 304.670 |
Price($) | Vol. | No. |
---|---|---|
308.000 | 28 | 1 |
308.160 | 58 | 1 |
308.340 | 35 | 1 |
308.450 | 101 | 2 |
308.500 | 100 | 1 |
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