{"id":44080,"date":"2016-08-04T23:11:43","date_gmt":"2016-08-05T03:11:43","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=44080"},"modified":"2023-04-27T05:14:23","modified_gmt":"2023-04-27T09:14:23","slug":"old-school-market-manipulation","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation","title":{"rendered":"Old School Market Manipulation"},"content":{"rendered":"<p>So my friend JC Parets <a href=\"https:\/\/twitter.com\/allstarcharts\/status\/761311821865193472\">tweeted <\/a>recently that he is miffed by traders and investors complaining about market manipulation and not formulating a plan to profit from said manipulation. His point is, I think, as market participants our job is to find ways to extract profit from the market and if we recognize patterns\/manipulations then we should have a plan to exploit them.<\/p>\n<p>Here is my contribution to the effort. This is a type of manipulation that I have seen as long as I can remember and it works pretty damn well. This week it occurred in GRPN and I was able to take advantage of it. The setup was GRPN had reported solid earnings and was gapping above recent resistance. We identified potential support in our AM Meeting and the plan was to buy there after market Open if it dropped that area.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-gp-note.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-44082\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-gp-note.png\" alt=\"grpn gp note\" width=\"620\" height=\"34\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-gp-note.png 656w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-gp-note-300x16.png 300w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/a><\/p>\n<p>I bought at the support area and GRPN traded higher. But never pushed up to 5.20s which was my target area.<\/p>\n<p>HERE IS THE MANIPULATION PART: The next morning, Day II, GRPN quickly dropped out on the Open then was bought up. I had two days of post earnings trading data that showed the stock being accumulated at higher pricess. On Day III I was ready for the quick drop on the Open to beat the manipulators at their own game. Why do I say the stock was being manipulated? Because despite being bought for two entire days there were no bids to support it each morning as the market opened.<\/p>\n<p>I don&#8217;t know if large buyers were putting in sell orders right on the Open,\u00a0attempting to accumulate at lower\u00a0prices or traders\u00a0who were trapped short\u00a0after\u00a0earnings were attempting\u00a0to reverse the upward momentum. And frankly I couldn&#8217;t care less. The only thing that mattered to me was identifying the time and price where the stock was being accumulating and getting shares at those prices.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-44083\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png\" alt=\"grpn manipulation\" width=\"611\" height=\"461\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png 921w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation-300x226.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation-768x579.png 768w\" sizes=\"auto, (max-width: 611px) 100vw, 611px\" \/><\/a><\/p>\n<p>By Day 4 the drop out game was over. Probably too many had caught on at that point. So Day 4 and 5 you can see first move was up and eventually traded to 5.40 where I sold my remaining shares. These ideas are shared every morning in our AM Meeting. Get info <a href=\"http:\/\/www.smbtraining.com\/blog\/trader-90-trader-365\">Here<\/a>.<\/p>\n<p><a href=\"http:\/\/twitter.com\/sspencer_smb\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, and options. He has traded professionally for 20 years. His email address is: sspencer@smbcap.com.<\/p>\n<p>No relevant positions<\/p>\n<p><a href=\"https:\/\/www.smbtraining.com\/blog\/trader-90-trader-365\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-42986 size-full\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/01\/trader901.jpg\" alt=\"trader90\" width=\"600\" height=\"220\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/01\/trader901.jpg 600w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/01\/trader901-300x110.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>So my friend JC Parets tweeted recently that he is miffed by traders and investors complaining about market manipulation and not formulating a plan to profit from said manipulation. His point is, I think, as market participants our job is to find ways to extract profit from the market and if we recognize patterns\/manipulations then we should have a plan &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":44083,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[5076,4685],"class_list":["post-44080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-steven_spencer_steves_blogs","tag-market-manipulation","tag-trading-lesson"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Old School Market Manipulation | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Old School Market Manipulation | SMB Training\" \/>\n<meta property=\"og:description\" content=\"So my friend JC Parets tweeted recently that he is miffed by traders and investors complaining about market manipulation and not formulating a plan to profit from said manipulation. His point is, I think, as market participants our job is to find ways to extract profit from the market and if we recognize patterns\/manipulations then we should have a plan ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-05T03:11:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T09:14:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png\" \/>\n\t<meta property=\"og:image:width\" content=\"921\" \/>\n\t<meta property=\"og:image:height\" content=\"694\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"sspencer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sspencer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation\"},\"author\":{\"name\":\"sspencer\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27\"},\"headline\":\"Old School Market Manipulation\",\"datePublished\":\"2016-08-05T03:11:43+00:00\",\"dateModified\":\"2023-04-27T09:14:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation\"},\"wordCount\":414,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png\",\"keywords\":[\"market manipulation\",\"Trading Lesson\"],\"articleSection\":[\"Steven Spencer (Steve's) Blogs\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation\",\"name\":\"Old School Market Manipulation | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png\",\"datePublished\":\"2016-08-05T03:11:43+00:00\",\"dateModified\":\"2023-04-27T09:14:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png\",\"width\":921,\"height\":694},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Old School Market Manipulation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27\",\"name\":\"sspencer\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/sspencer\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Old School Market Manipulation | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation","og_locale":"en_US","og_type":"article","og_title":"Old School Market Manipulation | SMB Training","og_description":"So my friend JC Parets tweeted recently that he is miffed by traders and investors complaining about market manipulation and not formulating a plan to profit from said manipulation. His point is, I think, as market participants our job is to find ways to extract profit from the market and if we recognize patterns\/manipulations then we should have a plan ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2016-08-05T03:11:43+00:00","article_modified_time":"2023-04-27T09:14:23+00:00","og_image":[{"width":921,"height":694,"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png","type":"image\/png"}],"author":"sspencer","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"sspencer","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation"},"author":{"name":"sspencer","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27"},"headline":"Old School Market Manipulation","datePublished":"2016-08-05T03:11:43+00:00","dateModified":"2023-04-27T09:14:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation"},"wordCount":414,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png","keywords":["market manipulation","Trading Lesson"],"articleSection":["Steven Spencer (Steve's) Blogs"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation","url":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation","name":"Old School Market Manipulation | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png","datePublished":"2016-08-05T03:11:43+00:00","dateModified":"2023-04-27T09:14:23+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/08\/grpn-manipulation.png","width":921,"height":694},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/old-school-market-manipulation#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"Old School Market Manipulation"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27","name":"sspencer","url":"https:\/\/www.smbtraining.com\/blog\/author\/sspencer"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/44080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/143"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=44080"}],"version-history":[{"count":1,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/44080\/revisions"}],"predecessor-version":[{"id":54474,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/44080\/revisions\/54474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/44083"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=44080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=44080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=44080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}