Am I missing something...?????
Can someone please explain to me what they mean by a "" day trader ""
My example:
A person takes a position to buy 20, 000 shares of some ABC Company at .095 cents and the market bid is 10 cents and the ask is .105
Is that person not adding support to the market???..If the market is willing to sell and fills all 10 cent buyers than he becomes the support for the market.
Does this make him a day trader. ???? Certanly not in my book.. And if you decide to hold out to 10.5 cents and he joins you to sell their recent purchase at your price of .105 cents are they a day trader now.?????
What happens if someone takes both you and them out at 10.5 cents and he puts another buy order in for 20,000 at 10 cents. Is he now a day trader. Have they not given the market some support again ??? What would we do if that person was not there???? We might have to look at the next buyer at 9 or 9.5 cents again, I believe.
The traders whether daily, weekly, monthly, yearly, are only one thing. They are traders. We need traders....
Now lets look at a the balance. If traders, no matter how long they have owned the stock, decide to sell at the buyers best offer then the market is soft and the poor outlook at the market only makes it worse.. If all the sellers chase the all the buyers , then many that sell are going to loose. Sooner or later, others that buy and hold will give the market the support it needs and no doubt profit handsomely..
The problem here now is simple.. to many sellers and not enought buyers.
Here is a solution for some stronger prices... THINK POSITIVE and QUIT SELLING ..
If the Buyers are running for cover there is not much use chasing them .. Your simply just adding more fuel to the firesale
TIME TO PUT YOUR SPQ SIGN OUT.... "" STRONGER BUYERS NEEDED ""