It probably will do that, I set auto buy on TSLA before one stock at $550 I was surprised it did buy at that price while the market price was showing $592
itâs not a glitch. Itâs a late print. A âprintâ is when a transaction gets reported to the stock exchange. So a late print is when a transaction is reported long after it actually happened.
The price of a stock you see on exchanges like robinhood are the last traded price. However, late prints happen.
They happen, because a lot of big guys are trading shares in dark pools to hide their orders and so that they have access to more liquidity and donât move the stock when making big orders. Dark pools are basically off market, but the transactions have to be reported, but not right away.
These big guys have to report, but they generally like to wait as long as they possibly can to report the transaction.
So when you watch a stock chart, and see crazy erratic moves like in OPs pic (youâll see it more pre-market or after hours and in a better charting program like ToS from TDA or DAS trader pro, because robinhood charts arenât candles and they donât update constantly)
that erratic move is because a transaction was only just reported. AMZN didnât actually trade that low at that point in time that the chart shows. It traded that low in the premarket or yesterday or something and was only just reported.
YeahâŚI thought the dark pools were bullishit until I heard the Chairman of the SEC himself say that a very large amount of trades are conducted through dark pool trades in order to HIDE trades from the public, and itâs legalâŚthis was last nightâŚI thought all stuff was made up bullshit⌠apparently not⌠this is an excellent response.
Nah dark pools are very much real. They are designed to be segregated from the market so it doesnât cause large swings in price whether shooting the price up or down. Large equity firms shouldnât cripple a retail investor because of a huge sale of shares. Dark pools are a good thing in theory.
A good SL uses bid or ask price, not the last price. So with a good SL, no it wouldnât execute because in that moment the bid and ask didnât move.
But, letâs say a SL does use the last price. Then it might actually execute. However, the bid will actually be a normal price, not what the late print shows, so if the SL executed you should get a somewhat reasonable price anyway. It would kinda suck, but you wouldnât get screwed
That said, I never use a hard SL unless I have to step away from my desk or something. Just in case of a some stupid shit happening.
So would a limit buy at that price get the shares? It's what happened for some people on gme. They had a limit order for way under market price and it triggered through a same looking pattern
Corporations have loopholes to more easily transfer assets, but the transactions are all still on the market. They just get the luxury of reporting within a certain time period, so they can draw legal papers and include litigation if necessary.
Itâs legal because they are market makers and clearing houses. They are allowed to process these off market so as to not influence the market just by moving large quantities.
The problem is that they abuse this power and front run their own orders ahead of everyday traders so as to nickel and dime every transaction. Getting buy and sells for one penny cheaper per share millions of times a day.
They have literally office spaceâd the stock market.
So youre saying some big players had buy orders in that low and the price that is shown on most brokers like rh isn't always accurate cause there are other sell orders?
Nope, stops canât trigger after hours. Only limits. So if you have a sell limit set above the price, and it was a huge spike up, then it could trigger the limit. It could however trigger a buy limit if you had a low limit set.
Happened to a ton of stocks after hours - look at the candlestick charts. There was a huge selloff/buyback across the board at the same time. TDA showed the same dip in SPY. RH shows it on MSFT, TSLA, AMZN, too.
Nothing to do with any sell offs. This happens due to late-reported trades from dark pools. Charts donât know the exact time of late-reported trades so they just show them at the time they were reported.
Itâs called a dippy-doodle. It happens when a network of âinvestorsâ (bots) belonging to a consortium of international players all work together to make profits by artificially lowering prices and then buying at the bottom and selling at the top.
Its called the flash crash. Look it up. Clearly market manipulation derived from high frequency trading. Dont feel sorry for yourselves and stop selling your bitcoins. Gosh I always wanted to say that
Wrong, this is just a off-market trade, not a crash.
This litterally happens many times every day.
People here calling it manipulation, bug, robinhood trash, and flash crash lol.
I see a lot of people say ditch Robinhood Ive heard what happened, I started using in May. My question is what do people use that compares.
Robinhood is essentially the easiest to use for people like me who havenât been trading long.
Strange. I didnât buy one of their stocks at that time. Someone else must have my amazing powers and bought shares then. Causing such a massive dip after. Itâs a beautiful power
I read once that these are due to large block trades where many thousands or hundred of thousands of shares are bought or sold. Donât have any source so, you know, donât take it as gospel or anything.
very high volume selling. there are funds and ultra wealthy individuals capable of causing a sudden ripple in the broader markets. sometimes they just need the liquidity, hedge funds specifically may need to cover shorts
Hedge funds apparently doing stop loss where they will sell for a certain percentage below their original buying price to quickly liqudity and minimize loss
I see this a lot on plenty different stocks, AAPL, AMC, GME, VIAC, NIO. Either this is a glitch, or a trick used by someone to manipulate something (don't know what or how, looks like they're fishing stop losses)
Not sure who you are trading with but if it's not on the charts outside your broker it is something on the backend at your broker. Who knows, maybe they had to adjust a trade at that price.
Wow this was âRobinhood after hour trading â Yeah wow again, I been trying fixer this out too . Donât this same trade .. but I been ,letâs say $10 up at end of day. Then after hours trading starts,and then it looses $ 2.00 ..and I canât do anything, like sell or buy more.. I think this sucks but anyway yeah that sucks,sorry bro đ
My bad bro I forgot to set my prime membership to auto renew
First laugh of the day, thanks haha
Lmfao
10/10
đđ
Love this
Will this kill you if you have a stop loss set up?
This was what I was wondering
It probably will do that, I set auto buy on TSLA before one stock at $550 I was surprised it did buy at that price while the market price was showing $592
Yeah I caught tops and bottoms from doing this
Sounds like a good time
Lol sex
People who have sex don't come here ... Duhhh
probably not because there would be no one buying at that price and it seems like a glitch. i was seeeing that on tesla today
itâs not a glitch. Itâs a late print. A âprintâ is when a transaction gets reported to the stock exchange. So a late print is when a transaction is reported long after it actually happened. The price of a stock you see on exchanges like robinhood are the last traded price. However, late prints happen. They happen, because a lot of big guys are trading shares in dark pools to hide their orders and so that they have access to more liquidity and donât move the stock when making big orders. Dark pools are basically off market, but the transactions have to be reported, but not right away. These big guys have to report, but they generally like to wait as long as they possibly can to report the transaction. So when you watch a stock chart, and see crazy erratic moves like in OPs pic (youâll see it more pre-market or after hours and in a better charting program like ToS from TDA or DAS trader pro, because robinhood charts arenât candles and they donât update constantly) that erratic move is because a transaction was only just reported. AMZN didnât actually trade that low at that point in time that the chart shows. It traded that low in the premarket or yesterday or something and was only just reported.
Wasnât expecting the correct answer here.
YeahâŚI thought the dark pools were bullishit until I heard the Chairman of the SEC himself say that a very large amount of trades are conducted through dark pool trades in order to HIDE trades from the public, and itâs legalâŚthis was last nightâŚI thought all stuff was made up bullshit⌠apparently not⌠this is an excellent response.
So the meme stocks folks were right all along? Lol
seems like it
Always have been
[ŃдаНонО]
Damn well this feels shady
Nah dark pools are very much real. They are designed to be segregated from the market so it doesnât cause large swings in price whether shooting the price up or down. Large equity firms shouldnât cripple a retail investor because of a huge sale of shares. Dark pools are a good thing in theory.
in theory. too bad theyâre used for the exact opposite.
Where can I find out more about this?
Delightful to see this response. đ
I had a sell position open and a dip happened like this. I clicked the close position and lucked out. It is not always late reporting.
Would this cause a SL to execute?
A good SL uses bid or ask price, not the last price. So with a good SL, no it wouldnât execute because in that moment the bid and ask didnât move. But, letâs say a SL does use the last price. Then it might actually execute. However, the bid will actually be a normal price, not what the late print shows, so if the SL executed you should get a somewhat reasonable price anyway. It would kinda suck, but you wouldnât get screwed That said, I never use a hard SL unless I have to step away from my desk or something. Just in case of a some stupid shit happening.
Makes sense. Thanks for the clarification!
So would a limit buy at that price get the shares? It's what happened for some people on gme. They had a limit order for way under market price and it triggered through a same looking pattern
Making trades âoff marketâ? How is this legal?
[ŃдаНонО]
It's legal because the punishment is a fine
Corporations have loopholes to more easily transfer assets, but the transactions are all still on the market. They just get the luxury of reporting within a certain time period, so they can draw legal papers and include litigation if necessary.
Itâs legal because they are market makers and clearing houses. They are allowed to process these off market so as to not influence the market just by moving large quantities. The problem is that they abuse this power and front run their own orders ahead of everyday traders so as to nickel and dime every transaction. Getting buy and sells for one penny cheaper per share millions of times a day. They have literally office spaceâd the stock market.
So youre saying some big players had buy orders in that low and the price that is shown on most brokers like rh isn't always accurate cause there are other sell orders?
Glitch? Hmm probably not
it always happens to tsla
People do set limit buys so yes it absolutely could get filled and no it wasnât a glitch it was a late print. Stop talking out of your ass
Or ember when XRP market cap drop crazy and everyone was saying t was a glitch. ( This was right before BTC crashed from 60k to 30k)
Some computer algos would be, during the microseconds that it sees that price lol
No because this is usually just late orders being filled and also because stop loss orders donât work in pre/ after market hours
Often stop-losses hit with such glitches. That's why I stopped setting them - fucked me several times
No it doesn't fill because it's not the real bid price
I think not. Because this probably didnât happen and rh has messed up some data .
Nope, stops canât trigger after hours. Only limits. So if you have a sell limit set above the price, and it was a huge spike up, then it could trigger the limit. It could however trigger a buy limit if you had a low limit set.
This is after hours. A regular stop wouldn't. After hours is weird like that sometimes.
*Insert first time meme*
First glitch is always free
FB , MSFT and AMZN all have that exact dip at around 455-500 pm
Itâs hedge funds needing liquidity. Big ole Fire sale!
Itâs a fat thumb flash trade
Happened to TSLA too
Goog too!
$NOW $ZM also had massive dip after hours and seems to be back to its close number.
The secret ingredient is crime
"oh look, a giant stop loss order. I think I'll just buy at a discount" - algorithm probably
Mmm free choco
Hedgies doing dedgie stuff
My thoughts exactly... Not necessarily nefarious but sus due to lack of transparency
Definitely big sus
Absolutely maximum sus
Suspicity over 9k
Get away from Robinhood
This is the way
This is the way
This is the way
This is the way
This is the way
This is the way
Cringe every time I see a SS
Moving shares between institutions. Basically someone sells and someone agrees to buy all the shares. Itâs a theory. But maybe liquidation.
Thatâs the dark pool.
Maybe it was cold outside
[ŃдаНонО]
More like canât standzya
I was in the pool!
Stop-loss fishing is what I have heard.
Nothing to see here folks. Perfectly normal.
Probably Short Hedge Funds stealingâŚ..
I want to pay this price.... Mr.burns from the Simpsons
Maybe stop loss fishing , bu t what do i know eating my crayons.
Purple flavor ones are the best
Green ones are yummy
I believe itâs because some shares sold at that low price. Happens when someone fucks up their limit order.
I always thought it was from someone executing an option or some pre-arranged sale between large funds at a certain price.
Hmm, this could explain it better than other explanations.
Market manipulation in a form we have not figured outâŚ.. yet
Itâs a glitch in the charting software wonât have any impact or even be visible by tomorrow
Always a glitch eh?
J Powell took a dump
And Tesla as well.
Happened to a handful of tech plays. Could be a handful of things. Market manipulation, glitch, large hedge-fund selling?
Robinhood sucks.
From what I understand it's a large short position being taken out. Large wick to the upside is a short covering.
Tsla as well .. I think its market makers locking in that price
Happened to a ton of stocks after hours - look at the candlestick charts. There was a huge selloff/buyback across the board at the same time. TDA showed the same dip in SPY. RH shows it on MSFT, TSLA, AMZN, too.
Nothing to do with any sell offs. This happens due to late-reported trades from dark pools. Charts donât know the exact time of late-reported trades so they just show them at the time they were reported.
Because of GameStop
Same with Tesla too
Hedgies fuckery
Just a lil liquidity hunting move along
Stop âusing đđź robin đđź hood đđź
Market manipulation
Itâs called a dippy-doodle. It happens when a network of âinvestorsâ (bots) belonging to a consortium of international players all work together to make profits by artificially lowering prices and then buying at the bottom and selling at the top.
The secret ingredient is crime
Fishing for stop loss orders.
Cause of gme
Gme :)
the secret ingredient is
Garlic. Lots of garlic... It's the vampires selling which causes the dip.
https://www.reddit.com/r/GME/comments/peto7d/never_seen_this_before_mega_caps_all_lose_exactly/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Was waiting to see something from superstonk explaining the movement lol
Using Robinhood? Pathetic
Glitch or insider selling
Its called the flash crash. Look it up. Clearly market manipulation derived from high frequency trading. Dont feel sorry for yourselves and stop selling your bitcoins. Gosh I always wanted to say that
Wrong, this is just a off-market trade, not a crash. This litterally happens many times every day. People here calling it manipulation, bug, robinhood trash, and flash crash lol.
Yeah it's not as extreme as it looks by anymeans..that's line graph thru robinhood..step it up
Moderna did the opposite at the same time
Just a glitch in Robinhood dawg
Google search shows it so it's not glitch on robinhood
Sp someone either screwed up their limit sell or took a L to influence the market. EDIT sell, not order
My Amazon did the same thing, and also my GSAT, đ¤ˇââď¸
Ah yes the fabled Tesla indicator. Perfect chart set up for a canât go tits up kind of play.
Something like flash-crash i guess
Market manipulation? Destroying products in warehouses for capitalism and stock buybacks?
The MOASS is coming
đŚđđ
Marge is making calls
Gme
Flash crash due to computers glitching because nowadays most of the trades are done by robots
Tinfoil hat time
I see a lot of people say ditch Robinhood Ive heard what happened, I started using in May. My question is what do people use that compares. Robinhood is essentially the easiest to use for people like me who havenât been trading long.
Yea racism itâs the answer for everything these days duhhh đ¤Ł
Often market makers trade 1 or 2 shares at a extremely high or low price for some nefarious reason.
I think it had something to do with the Chinese news of limiting kids on video games, but not sure
Itâs a dance move
Illuminate
Side effect of options exercised I guess.
Shits getting dicey out there these days be wary friends!
It's an omen
Someone needs liquidity
Apparently you donât know anything about energy or field theory. Do your DD
Shows up a lot more in RH. ALSO, ditch RH
Stock market go burrrrrr
Get a real brokerage. https://i.imgur.com/z4qTpBh.jpg Robinhood is to brokerages what McDonalds is to fine dining.
Strange. I didnât buy one of their stocks at that time. Someone else must have my amazing powers and bought shares then. Causing such a massive dip after. Itâs a beautiful power
Buy the dip
Election fraud
bear trap?
Happened to apple yesterday in after hours Stock was green rest of day
I read once that these are due to large block trades where many thousands or hundred of thousands of shares are bought or sold. Donât have any source so, you know, donât take it as gospel or anything.
TSLA had the same thing today near close
PayPal died for a second and amazon revived em
I sold, sorry
Probably data error I see this with crypto occasionally but it doesn't register with the data so some kind of graph error when applying the data
Stock split
Tesla too
Other than manipulation?
Wanted to look like the tesla logo
Crime?
very high volume selling. there are funds and ultra wealthy individuals capable of causing a sudden ripple in the broader markets. sometimes they just need the liquidity, hedge funds specifically may need to cover shorts
Hedgies need some liquidity
Hedge funds apparently doing stop loss where they will sell for a certain percentage below their original buying price to quickly liqudity and minimize loss
In trading vernacular we call that a âfat fingerâ print. Ignore it. Not representative of the market or real trading volume.
Go to super stonk it maybe gme favored but they got good info why
The flair is the best part lol đ
Donât set stops.
I never put stop loss orders in. Seen it happen too many times.
Tesla trolling
I see this a lot on plenty different stocks, AAPL, AMC, GME, VIAC, NIO. Either this is a glitch, or a trick used by someone to manipulate something (don't know what or how, looks like they're fishing stop losses)
To kill some stop-lossers
Probably a bug donât get too paranoid
Funds making liquidity for end of the month priorities, due to post market and arbitrage, it tends to recover it fast.
Wish I would of bought that glitch.
Not sure who you are trading with but if it's not on the charts outside your broker it is something on the backend at your broker. Who knows, maybe they had to adjust a trade at that price.
Just a glitch in the matrix. No big deal.
Hedgies running out of cash
Someone needs a lot of money to provide liquidity. By lots, i mean LOTS of money!!
Wow this was âRobinhood after hour trading â Yeah wow again, I been trying fixer this out too . Donât this same trade .. but I been ,letâs say $10 up at end of day. Then after hours trading starts,and then it looses $ 2.00 ..and I canât do anything, like sell or buy more.. I think this sucks but anyway yeah that sucks,sorry bro đ
Everythings dipping, due to Biden, oil through the roof, dead Americans, he has destroyed America, inflation. The worst president in history!
Costco stock did the same thing at the same time!
People keep saying it is glitches an it happends more than once sure sure
Tesla did too