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Exchange 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
by aldanor 7y ago
Exchange 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.