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So I was just doing some random googling on loaning out of shares by brokers and I came across this quora thread. Granted itâs not the most reliable source, but I thought it was interesting enough to mention.
This part specifically got me curious because I know a lot of people on here have crazy limits set on their GME positions. And I am wondering if that is a good idea.
Setting a high limit order gives the clearing firm or third party that your broker may or may be under contract with the ability to see where your position will possibly be sold and gives them the opportunity to continually sell and buy back, some times hundreds of times in a matter of minutes, your position. With high frequency trading this often happens from algorithms or a âblack boxâ.
This is not financial advice, I just like the stock đ
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Youâre not âinvestingâ youâre trading and you canât buy a share of GME with $10 anyway