Hey Friend,
Let's imagine you own 1,000 valuable diamonds that you want to sell.
You're working on selling them one at a time to 1,000 different people, but suddenly, a wholesaler contacts you and tells you that they'll buy every diamond you own at a cost of $500 per diamond.
You might not be tempted to sell your entire stash right then and there, but I'll guarantee you one thing: you're not going to sell a single one of those diamonds for less than $500, are you?
That's the basic premise of an iceberg order.
Iceberg orders are massive orders on the "bid" or the "ask" of an order book (if you don't know all the terminology, don't sweat it at the moment).
Like the wholesaler in our example, they are making massive stock moves, and they do it by setting a flat price for a ton of stock!
That has one clear effect: it creates levels of support and resistance in the market.
And on Day 2 of our boot camp, I'll teach you the fundamentals of iceberg orders! (Learn the whole story here)
The thing about icebergs is, you're not going to find them with any indicator in a standard brokerage account.
You have to learn how to spot them for yourself.
And that's what the boot camp is all about.
So check it out here.
Believe it or not, the same kinds of elite money movers that create these iceberg orders also use them to trade the market.
And tomorrow, I want to teach you how to trade these icebergs just like they do — but you have to learn the fundamentals first to get there. So make sure you can pass the quiz at the end of today's lesson before tomorrow morning!
See you then,
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