HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
PING - DMAC
Somthing has to be done about the way trades are executed because the way it is currently setup is wrong and unfair. This is not the way securities are traded. How can my order effect the price of a security prior to my trade being executed? It doesn't make any sense at all. For example... At 2:45AM I shorted 50k shares of GOOSE for $.24. It executed at $.14. My order triggered the price to drop over 48% before it was executed. The price should NOT have dropped until AFTER the trade was executed. This has happened to me way too often. I have lost over to $100k because of this. It's wrong. In the example above, I lost over 48% potential profit because of this. I would have NEVER bought the security at $.14, but I was forced to. Some people have told me that trades are being executed all the time and someone elses trade effected the price before my was executed. I believed them until I bought this obscure security and 2:24AM when I'm sure not many people were on the site buying GOOSE. This sucks. I love the site and find it very addicting, but being new to the site I don't have much money to play with. If someone with a billion dollars loses 100k because the system plays unfair I'm sure they don't mind because it's only .01% of their net worth. but to me it's 5%. When most days I make less than 5% gains, I'll never get ahead. Why can't the price be adjusted after someone makes a trade... like in the real world with real securities?
I know I'm just a loser newbie here, but I feel I have a valid point that needs to be addressed.
PING - DMAC Oct 18, 20:45
That's always been the case... if you could instantly make money by shorting 50k shares, then how would that be fair? {nm} Oct 19, 05:22
You would not instantly make money because Oct 19, 06:27
You'd be surprised how many people play the pennystock flipping game. {nm} Oct 19, 08:11
It's hard to make money on pennies when you lose 50% before you even start! - at least I did anyway {nm} Oct 19, 08:22
Remember also, that people from ALL time zones play HSX, so to say there are only a 'few' that could've traded Oct 19, 08:21
The ONLY logical thing in your post is "It's only PLAY money" The rest makes no sense at all... Oct 19, 08:55
My thoughts Oct 19, 10:57
Well put. What started out as a question as to the reason why something is setup the way it is, turned Oct 19, 15:18
Thanks for the explaination. I appreciate it. {nm} Oct 20, 09:40
Since I have avidly daytraded the past 3 years or so, I have come to theorize on the mechanics of some of the trading here. Oct 19, 11:42