From $512 to $1,000,000,000 in ten steps using Fidelity's 500% gains limitation on limit sales.
Fidelity limit sells only allow 500% gains from the last trade. So when the price hits $512 this is the path to $1,000,000,000 in ten steps.
Step 1) Price reaches $512.
Step 2) $512 × 500% = $2,560
Step 3) $2,560 × 500% = $12,800
Step 4) $12,800 × 500% = $64,000
Step 5) $64,000 × 500% = $320,000
Step 6) $320,000 × 500% = $1,600,000
Step 7) $1,600,000 × 500% = $8,000,000
Step 8) $8,000,000 × 500% = $40,000,000
Step 9) $40,000,000 × 500% = $200,000,000
Step 10) $200,000,000 × 500% = $1,000,000,000
Each of the steps after $512 is a 500% increase which would trigger a circuit breaker halts, and no human would accept these leaps. Maybe a heartless algorithm covering some shorts after a margin call would; I don't know.
This is not financial advice. I just wanted to share a potential combo as if we were playing Magic the Gathering, and I found a neat card combo.
Posted May 29, 2021, 12:41 AM UTC