Who'll move it first?

Discussions about the psychology of the markets and the masses as it relates to trading.
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BARLI
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Who'll move it first?

Post by BARLI » Tue Sep 19, 2006 12:53 pm

Forum Mgmnt, I was wondering, when you traded as a Turtle back in 80's was there "who'll move the market first" game? I'll bring an example: you're bearish on a market, and put in limit orders to sell, but its still in a channel and doesn't move lower(no one from big players wants to push it lower and waits till others till do it), did you ever push it lower with some market orders first (after you've accumulated size using limit orders) lower out of the channel so that others will join the selling?

Forum Mgmnt
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Post by Forum Mgmnt » Wed Sep 20, 2006 1:55 pm

No we never tried to move the market intentionally.

- Forum Mgmnt

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