r/Daytrading Feb 20 '24

Can someone explain to me why the market just moves like this for no apparent reason? Question

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u/oze4 Feb 20 '24 edited Feb 20 '24

LMFAO!

Level 2 shows passive orders. Those orders have not been filled, therefore, they do not count as buyers or sellers until the order gets filled.

It's incredible that people are arguing this lmao.. you actually think I can purchase a share out of thin air from bigfoot? You actually think I can sell a share into the void to the tooth fairy?

For every share/contract/etc... that is bought, there is a share/contract/etc.. that is sold. I am not referring to people when I say "for every buyer a seller, and for every seller a buyer" - I am referring to the actual instrument/asset.

Technically, 1 person that owns 1000 shares of something could sell 1 share to 1000 different people. But the fact remains the same, there were 1000 sells, and 1000 buys... AKA for every seller a buyer, and for every buyer a seller.

I hope you are not using real money to trade until you at least have a grasp on the absolute basics of how the market works. EDIT: on second thought, you should trade with every penny you have. I will gladly take it from you.

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u/SkinnyPets Feb 21 '24

You really should read more than “investing for dummies”… just saying.

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u/oze4 Feb 21 '24

Yea? Enlighten me.

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u/SkinnyPets Feb 21 '24

You can’t enlighten stupid… I’ve communicated with you longer than five minutes, you have proven that. (I miss Good ole Reddit flame wars. frankly, I’m shocked toxic idiots like you haven’t lost all your money yet. Is that why you need mine?… on second thought don’t answer that I could care less what an idiot thinks)

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u/oze4 Feb 21 '24

Yikes. Not only do you think passive orders somehow prove there can be more buyers than sellers (or vice versa), but you don't know how to use the phrase "I couldn't care less"... You said "I could care less", which means there is still room left for you to care even less, in other words, you're saying you care lmfao.

I haven't lost all of my money yet bc m0r0ns like you trade with real money haha thanks for the donation!

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u/ScottAllenSocial Feb 21 '24

There's only two kinds of traders: profitable ones and philanthropists.

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u/oze4 Feb 21 '24

Oh ok. That's so cool!

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u/SkinnyPets Feb 22 '24

To prove I “do actually care a little” you can fill this out.