Drano wrote: I knew some momentum daytraders wh
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Posted On: 07/27/2022 7:39:45 AM
Drano wrote:
I knew some momentum daytraders who would see a stock suddenly surging up, and they would jump in and buy. Often, they had no idea of what the company did. They were buying purely for a fast trade, on the basis of the volume and speed of the move up. This additional volume from their trades, of course, contributes to the stock continuing upward.
my res;ponse:
this is now extremely common. they don't know if the ticker represents a company that has a cure for cancer or a coating for popcorn. hundreds of Discord message boards who call out tickers to long or short.
I knew some momentum daytraders who would see a stock suddenly surging up, and they would jump in and buy. Often, they had no idea of what the company did. They were buying purely for a fast trade, on the basis of the volume and speed of the move up. This additional volume from their trades, of course, contributes to the stock continuing upward.
my res;ponse:
this is now extremely common. they don't know if the ticker represents a company that has a cure for cancer or a coating for popcorn. hundreds of Discord message boards who call out tickers to long or short.
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