{"id":4769,"date":"2010-05-05T11:51:01","date_gmt":"2010-05-05T15:51:01","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=4769"},"modified":"2010-05-05T12:55:01","modified_gmt":"2010-05-05T16:55:01","slug":"stop-paying-the-offer","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/stop-paying-the-offer","title":{"rendered":"Stop Paying the Offer"},"content":{"rendered":"

Insanity: doing the same thing over and over again and expecting different results.
\nAlbert Einstein<\/p>\n

The past two days I have witnessed downmoves in NTRI and ITMN caused by undisciplined traders paying the offer. \u00a0I tweeted yesterday:<\/p>\n

If you are paying the offer in $NTRI you will make it go down. The HFTs are waiting for you to pay 4 too much at a bad price. BID! $10:08 AM May 4th<\/a> via web<\/p>\n

I tweeted today:<\/p>\n

for those trading $ITMN 4 shorterm long if you pay the offer at the new high you will make the stock go down. Accumulate on the Bid! $about 1 hour ago<\/a> via web<\/p>\n

The pattern for both stocks was clear. \u00a0A new high was created, short term traders blasted the offer, the stock traded lower until those who blasted the offer finished whacking the bids, and then the stock headed higher. \u00a0Some advice: stop blasting the offer please!<\/p>\n

Yesterday I noticed NTRI starting an uptrend above 22. \u00a0Then overly aggressive momentum traders blasted the offers at 22.20. \u00a0The result? \u00a0A quick downmove to 21.60ish. \u00a0Hmmmm.<\/p>\n

Today ITMN started an intraday uptrend and found a new high through 11, an important intraday resistance level. \u00a0Then at 11.14 the momo longs blasted the 11.14 offer at the new high. \u00a0The result? \u00a0A downmove below 10.50 a significant intraday support level. \u00a0Sensing a pattern here?<\/p>\n

If you wish to play these stocks on the long side, and the stock has shown you the pattern of a downmove after every new intraday high, then\u00a0accumulate\u00a0on the bid. \u00a0Paying the new high offer just triggers an algo that will take your money. \u00a0And as an aside it shakes some of the rest of us out of excellent longer term positions. \u00a0You blasting the offer causes our stocks to find lower prices it could never find if you never paid the offer.<\/p>\n

So you are losing. \u00a0I am losing more. \u00a0And the algos are taking your money and sometimes mine. \u00a0And the stock is only later going to head higher.
\n
\n<\/a>\"\"<\/a><\/p>\n

\"\"<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Insanity: doing the same thing over and over again and expecting different results. Albert Einstein The past two days I have witnessed downmoves in NTRI and ITMN caused by undisciplined traders paying the offer. \u00a0I tweeted yesterday: If you are paying the offer in $NTRI you will make it go down. The HFTs are waiting for you to pay 4 … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[937,936,295,30,50,18],"class_list":["post-4769","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-itmn","tag-ntri","tag-offer","tag-prop-trading","tag-proprietary-trading","tag-smb-capital","no-post-thumbnail"],"yoast_head":"\nStop Paying the Offer | 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\/stop-paying-the-offer\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stop Paying the Offer | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Insanity: doing the same thing over and over again and expecting different results. Albert Einstein The past two days I have witnessed downmoves in NTRI and ITMN caused by undisciplined traders paying the offer. \u00a0I tweeted yesterday: If you are paying the offer in $NTRI you will make it go down. The HFTs are waiting for you to pay 4 ... 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