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I don’t follow. If a stock keeps going up a share could change hands 10 times in a day, with 9 traders having positive realized PNL and 1 trader having positive
by yellowstuff 7y ago
I don’t follow. If a stock keeps going up a share could change hands 10 times in a day, with 9 traders having positive realized PNL and 1 trader having positive unrealized PNL.
- aldanor 7y agoExchange traded volume is still zero sum. Stock going up is driven by trades happening in the buy direction clearing the ask passive orders - someone had those limit orders there in the first place, and they're in the negative.
- frockington1 7y agoOr that person is taking profits, no reason they are in the negative. How do IPOs fit into your zero sum argument?
- aldanor 7y agoI'm only talking about intraday trading - FC wasn't caused by IPOs or dividends or other corporate actions. Whether you're taking profit or not doesn't matter - it's in the past. You lost the opportunity to close at a better profit at the end of the day - that's a relative loss.