I agree petwan,bot trading is nothing more than stock manipulation and should be ilegal imo.
I hold a large amount of lom shares and at least once a year a bot trader trys to manipulate the stock down.
Last time it happened I was ready for the bot trader by holding on to some cash and taking note of what price the initial dump happened at and working out what price the bot would nead to buy back in at by following the cource of trades.
What I did was I kept coming over the top of them so they were not able to buy back in cheaper but had to buy back in at what they originaly started to sell at.
You do nead some cash behind you to protect your investment but most of the time the bot trader is a holder looking to scalp others by selling only small amounts of shares at a time under $500.00 worth,so you can take advantage of this by buying more stock at the previous days close forceing the bot to have to buy back at a higher price.
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- ASX - General
- its time we all protested bot trading and mkt
I agree petwan,bot trading is nothing more than stock...
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