So a good guess would be 40%.
My take is that someone is deliberately swapping shares, huge chunks at a time, at ridiculously low prices to keep the stock price down? Why go to the expense?
The market is at a price consensus or is in a consolidation phase. The bulls and bears are in consensus; no one is more powerful than the other.
You will also find that penny stocks are usually less volatile than bigger value stocks.
>>My take is that someone is deliberately swapping shares, huge chunks at a time, at ridiculously low prices to keep the stock price down? Why go to the expense?
No I doubt anyone would be doing that deliberately. There is no point to such exercise – waste of time and money.
Maybe people who bought earlier at a cheaper price are taking profits and people who are hearing the news are buying in.
Good Luck!
I keep hearing that eminis are traded for 23 hours per day?
So does that mean I can trade eminis for 23 hours? What are the opening times of eminis?
There is no trading over the weekends from Friday 1:15 pm until Sunday 3:00 pm (pacific time).
Be aware that volume dies down when the markets stop trading (after 1:00 pm). The bid/ask spread can also increase dramatically (specially on the Nasdaq). Prices can also be pushed up/down rather quickly due to lack of liquidity, so amateurs always get stopped during these times.
Brokerage(Standard)0.1% of volume
Service tax12.24% of total brokerage
STT 0.025% of the total vol traded-only for sell
Stamp duty0.002% of the total vol
Turnover tax0.0035% of the total vol
ALSO – where (online) can I find the daily amount of stocks trading hands?
http://finance.yahoo.com/marketupdate?u
There is no single indicator to use as a crystal ball for direction. Volume is generally used as a confirming indicator.
finance.yahoo.com is the website that i use the most during the day, i am a daytrader also.
If you need more advice just feel free to contact me.
I hope that you will chose my answer as the best one.
Thanks
An important aspect of day trading is to have a set investing plan. Day traders don't always make a profit on each trade they do during the day but if they keep to their plan (if it’s a good plan) they will be more likely make a profit for the day.
The barriers to becoming a day trader are experience and cash. You need both to succeed in the stock market.
They impact the market in a few ways. First they add volume to the market. They also can increase the speed of spikes. When a day trader sees his stocks tanking he will sell them. This will drive down the price more. Conversely if he sees a stock that is starting to rock he will buy. This will increase the value of that stock.
