So, i bought bhp at 31.00 last thursday in the morning which then proceeded to fall to around 30.54 before recovering the next day to close at 31.40.
I am still holding and did not sell.
What i want to know is who was selling the stock down as it went into free fall on thursday?
I see this happen alot on negative sentiment days, but really curious who these traders are?
Is it pure panic selling by mums and dads and if so, what is a likely price they bought at prior?
Or is it the market manipulators trying to shake traders out to exhaustion levels?
No, i do not use stop losses on purpose, and have not lost a trade for 12 months and know that any stop loss price is booked in for the mamiuplators to observe this.