Last year this time after it ran from 1.19 to 1.80, I bought a little LU at 1.89 thinking it will hit 2.00. But I was wrong. It fell. At 1.72, I bought another little. Then, at 1.61, even more. Suddenly, it dropped to 1.32.
What I did, was to put a VERY large proportion of money waiting at 1.21 for those shorts. Finnally, I won. It went back to 1.90 in two weeks.
So, prepare a 5%-interval buy/sell queue. when it falls 5%,
buy a little more.
When it raise 5%, sell a little. I believe MMs of Lu now are the same MM
I was dealing with last year. I know their whimsical behavoir very well.
Also, if you want big money/little risk, set a buy order 0.10 below its bottom when LU reaches a bottom. Wait for those stupid shorts.
(for today, suggesting a buy order 2.51)
Take care.
What I did, was to put a VERY large proportion of money waiting at 1.21 for those shorts. Finnally, I won. It went back to 1.90 in two weeks.
So, prepare a 5%-interval buy/sell queue. when it falls 5%,
buy a little more.
When it raise 5%, sell a little. I believe MMs of Lu now are the same MM
I was dealing with last year. I know their whimsical behavoir very well.
Also, if you want big money/little risk, set a buy order 0.10 below its bottom when LU reaches a bottom. Wait for those stupid shorts.
(for today, suggesting a buy order 2.51)
Take care.