Broker Data,
I see alot go on about pros buying and recs selling .... Something i have followed for alot of years and have talked with OM about it as well.. So now we have alot of volumes appearing through Chi x and data does not show this
... Also if people are not aware whale buy orders appear as sells vice versa
....
Is pro money only brokers
i know of a couple very big traders that dont post on any social site and they just smirk about data ..
Some pro money does not show there cards/hands when buying or selling they just fit in with the crowd...
Broker data is being used incorrect in many circumstances as u gotta ask is it the broker house buying or just 1 client....... Anyone can have an account with any broker in australia and call them up and tell them u wanna load up or sell some shares does that mean pro action....
Check state one i see there mentioned as not pros yet they buy pre pumps when brokers are all bailing and without doubt have some very skilled/clued traders working there...
GPP was a classic example below... This was before the big move
...
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AVZ top 3 nett buyers traders/investors all recs... (21m)
Nett sellers are
..
Comsec total trade value all up 40.511m interesting....
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Broker data can be useful at times but in reality i have never seen any poker player show there hands why should this be any different. When it was available live without delay+not as much chi x happening it was excellent now its just a bit iffy and can create doubt in your mind buying/selling.... Price action does not lye and neither does your own research.. If TA+FA align who cares who is doing what its all niose and garbage to create uncertainity..... People worry to much about others.............
A succesful bussiness does not rely on others (they make the decisions themselves and put in the time and effort to understand whats needed to make the $$$$$)
My biggest losses when i was green was (learning from others
)
Take it easy
TS
