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Explain to me how a day trader model works. Trying to make sense...

  1. sneef
    1,561 Posts.
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    04/08/20
    09:54
    Post #: 46282578
    Explain to me how a day trader model works. Trying to make sense of their mindset.

    They sell their days stock by Friday 4pm to minimize world events occurring over the weekend that could reduce the value of their stock. I get it. When an event such as Mastercard partnership or this $100m mega handout occurs they have no way of buying back Monday morning into SPT at the Friday elCheapo price of $1.36

    So does this mean day traders will take a gamble over time that these events very infrequently occur that will reduce the number of shares they retain? (ie MC/CR announcements)

    FYI - I am a long term investor.
    Last edited by sneef: 04/08/20
    SPT Price at posting: $1.37 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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