>Buy a share of a low-volume stock >Buy another share for

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Anonymous
2016-06-09 22:05:57 Post No. 1295840
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Anonymous 2016-06-09 22:05:57 Post No. 1295840 [Report]

>Buy a share of a low-volume stock
>Buy another share for a penny more
>Buy another share for a penny more than that one
>Buy another share for a penny more than the last one
>Sell them all for the price of the last one you bought
>Write a computer program that does this 10000 times a day
Why wouldn't this work???

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Anonymous 2016-06-09 22:07:21 Post No.1295844
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Anonymous 2016-06-09 22:07:21 Post No.1295844 [Report]

>>1295840
this happens to like every coin on yobit

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Anonymous 2016-06-09 22:33:19 Post No.1295876
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Anonymous 2016-06-09 22:33:19 Post No.1295876 [Report]

>>1295840

Someone else has to buy as well and that may not happen.

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Anonymous 2016-06-09 22:33:41 Post No.1295877
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Anonymous 2016-06-09 22:33:41 Post No.1295877 [Report]

>>1295840
>Why wouldn't this work???
Because you need a willing buyer, fuckwit. You don't just get to sell a stock at whatever price you want. For all you know, the bid (if any) will be far below what you paid.

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Anonymous 2016-06-09 23:18:30 Post No.1295978
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Anonymous 2016-06-09 23:18:30 Post No.1295978 [Report]

>>1295840
>Why wouldn't this work???
>Buy a share of low volume stock
>Price falls 2 cents
>Price falls 15 cents
>Price falls $1.36
>Still waiting to buy for a penny more

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Anonymous 2016-06-09 23:48:37 Post No.1296026
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Anonymous 2016-06-09 23:48:37 Post No.1296026 [Report]

>>1295840

If the price is so illiquid that your own transactions are causing the price to move then it is unlikely that you would be able to consistently sell all your stocks at that premium price in a timely manner.