In a nutshell / Explanation in Lay terms!
$BioNexus Gene Lab(BGLC.US$ Look i know LUDP halts suck and yes some MM’s use them as a chance to manipulate the price! But the halt itself is guided by rules! And its to give trader a few minutes to make a plan before price gets to far away from them before he/she has time to react! For Tier 1 its instituted when the price moves up or down 5-10% within 5 minutes! That triggers the halt for 5 minutes! And for Teir 2 Stocks the band window is if the price moves up or down 10-20% in 5 minutes. That will trigger the LUDP halt! The difference between Teir 1 and 2 is the price the stock is trading at that decides the trading band! Teir 1 is ( if im remembering correctly? ) Stocks under 3.00 and Teir 2 is for tickers over 3.00! So yes the rule itself is not bad or a trick! What is bad is that SOME unscrupulous MM’s will use this halt to manipulate PA! I hope this helps newer traders understand a bit better why / how LUDP HALTS ( VOLATILITY HALT ) Work! ![]()
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MikeyMikeMike : Damn...I did call it. Hope you didn't get trapped with remaining share?
TrytosaveabitOP MikeyMikeMike: No way! Can’t be trapped when the shares are free! Hehehe! But thank you!
Joy Boy Myth : nice explanation, hope you get gain...
TrytosaveabitOP Joy Boy Myth: Thank you
I love me : Sounds logical but several times it's running high and cb and then starts going down but several times cb on price going down then when it comes back one sec later it's back on and dumps more how is that helping..
TrytosaveabitOP I love me: Just explaining how/why it was instituted! And I even said that some unscrupulous MM’s will use it to manipulate! Bad people will always find a way to cheat! It’s the same as Dark Pools! They were started with great intentions! But they have now been abused and corrupted for manipulation!