Today reminds you of the Road Runner and Wile-e Coyote as he gets the 500 lb A.C.M.E weight dropped on him from above by the Road Runner.
So why and how does A.C.M.E. Work ?
AFTER MARKET CLOSE EXIT
is designed to keep stocks in your hands that work good. It is designed to keep the market makers from stealing your stock via INTRA-Day market fluctuations.
Once you know that market makers can take any stock anywhere they want during the session and bring it back to where they want it for the close, you see how they play their mischief.
So you like PVG under $11 and get a good trade, into it at 10.80, and wait a day or two before setting a stop. Then it surges to 11.50, and you set a stop at 10.80 just for safety sake. Feeling good, you don’t panic when it closes below 11.00, but watch as the market makers take it down the next day, under 10.80, down to 10.57, showing, that your lost now. Of course to further demoralize you, they run it back to close at 11.40, within 16 cents of its previous hi.
I don’t blame you for your bewilderment and perhaps anger ! I’ve seen this too many times to be surprised. Your 10.80 stop was in the right place but at the WRONG time. Specifying AFTER CLOSE and keeping it MENTAL, not entered, is the key. So designating your EXIT as AFTER CLOSE, keeps the sharks from biting your legs off, cutting you off at the knees, and stealing your stock, which by now has run up to almost 13.00 and you with NO stock, NO PVG !!
With A.C.M.E., in place, you must watch your stock, to execute A.C.M.E., the next day, if necessary. This is a necessary tactic, to stop theft by market makers. You end up with the good buys and appreciation from the good buy. Information contained herein is for educational and informational purposes only. Investors are responsible to execute their own due diligence investigations to protect their capital. Publisher or associates may have positions in these stocks as well.
pic curtesy of Pintrest
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