Always use a stop loss when trading; it can be too easy for a $300 loss to become a $5000 loss.
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That is the price at which traders are prepared to buy from you.
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Minor trends such as daily trend last a few days or so and are of little significance.
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Some brokers execute stops differently.
If the intrinsic value is below the market price then there is an opportunity to sell and if intrinsic value is above the market price then there is an opportunity to buy.
It can only come down heads or tails.