bmoochie said:
Heineken-Ashi said:
$3.5B to sell at close
This is something I have never understood and would love a dummy explanation on what it means? Very green on the day but its to the sell side? help a dummy out please!
It's a trade that has to be placed 10 minutes before the close or earlier. It sits until market is close to closing and then goes active and becomes a market order.
Think of it as wanting to close out your position by the end of the day but not wanting to miss anything or get trapped. Mainly used by institutions and heavy volume day trades. The amount can be seen prior to becoming live.
It doesn't necessarily mean anything. But might give some context if you have expiring options on what the last couple of candles might look like.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)