I can trade the company with the largest market cap in the world! Apple! I really want to complain. The after-hours liquidity is really terrible. Yesterday morning at 9:00 I closed my AAPL position. 9:00 AM is the after-hours time in the US. When I closed, the price was exactly 340, and I was up $4,000. I thought Apple was going to pull back, so I basically expected it to revert. I placed the order to close—directly pierced it up to 343. In reality, right after I closed, I was down by $1,000 because a lot of people are following the same strategy; I understand that. But you can’t needle the price so much, right? We only made a little profit—then you pierced it up so much more? A lot of people say this is the perpetual contract price. But I really pushed the order book up by $1. Because I immediately went to Futu to check the after-hours price—the price shot up by $1 straight away. That means the impact on the real market price from my closing was only $1. So why is it shown as 343.8? At that time, I pulled the after-hours price to 341.
And also, for Aster, this DEX token, its 24h trading volume is around 100 million USD. When I closed, it dropped straight through—pierced by about 3%—with that much slippage. I understand that many people affect it, but the liquidity is just too bad. I make less when it’s profitable, and lose more when it’s a loss..
BCH is the same. I made 43,000 USD, but the slippage went to 39,900. Some follow-trade entry points are even worse….
I understand for ASTER that it didn’t get pumped, volume was low, and liquidity was bad. But with BCH, when I closed, it was the peak time when the market was pumping hardest—trading volume was 1 billion USD. My closing price was 321, and I got slipped down to 318… and then it pierced to 314……
The other altcoins are still okay because liquidity has come up with the recent rise. Near also had basically no slippage when I closed. ETC and those are all normal!
I just can’t figure it out—how can us little guys move Apple? That’s a company with a market cap of 5 trillion USD…..
I get that closing at the same time by many people can cause slippage, but there has to be a limit. You can’t just push it up irrationally with so many insertions. We’re not a few hundred million USD of capital. Altogether it’s only a few million USD. My biggest alts position is only a few hundred thousand USD—around 1x. The only time we opened the largest positions—two days ago—was for BTC and ETH, and with leverage together it was 300 million R....
And also, for Aster, this DEX token, its 24h trading volume is around 100 million USD. When I closed, it dropped straight through—pierced by about 3%—with that much slippage. I understand that many people affect it, but the liquidity is just too bad. I make less when it’s profitable, and lose more when it’s a loss..
BCH is the same. I made 43,000 USD, but the slippage went to 39,900. Some follow-trade entry points are even worse….
I understand for ASTER that it didn’t get pumped, volume was low, and liquidity was bad. But with BCH, when I closed, it was the peak time when the market was pumping hardest—trading volume was 1 billion USD. My closing price was 321, and I got slipped down to 318… and then it pierced to 314……
The other altcoins are still okay because liquidity has come up with the recent rise. Near also had basically no slippage when I closed. ETC and those are all normal!
I just can’t figure it out—how can us little guys move Apple? That’s a company with a market cap of 5 trillion USD…..
I get that closing at the same time by many people can cause slippage, but there has to be a limit. You can’t just push it up irrationally with so many insertions. We’re not a few hundred million USD of capital. Altogether it’s only a few million USD. My biggest alts position is only a few hundred thousand USD—around 1x. The only time we opened the largest positions—two days ago—was for BTC and ETH, and with leverage together it was 300 million R....
