He opened his trade ticket and typed in the command: .
Leo didn't want to buy at the "Market" price. If he clicked buy now, he’d get whatever price the chaotic market threw at him—likely $102.05 or $101.90. He wanted a bargain, or he wanted nothing at all. $NEON Action: Buy Quantity: 500 shares Limit Price: $98.50 Expiration: Good 'til Cancelled (GTC) limit order buy
It was a volatile tech stock, a "falling knife" in trader parlance. Most people were panic-selling as the price tumbled from $150 down to $102. But Leo wasn't most people. He was a hunter, and he was waiting for a specific price. He opened his trade ticket and typed in the command:
At 2:15 PM, a major hedge fund dumped a massive block of $NEON. The red candles on the chart grew long and jagged. He wanted a bargain, or he wanted nothing at all