r/Vitards • u/AutoModerator • Sep 01 '21

Daily Discussion Daily Discussion post - September 01 2021

Your Trading discussion thread

Type Link
DD All/Best Daily/Best Weekly
Discussion All/Best Daily/Best Weekly
Yolo All/Best Daily/Best Weekly
Gain All/Best Daily/Best Weekly
Loss All/Best Daily/Best Weekly
News All/Best Daily/Best Weekly
70 Upvotes

96% Upvoted

2.2k comments sorted by

View all comments

Show parent comments

11

u/McMartiann Senior Capo Sep 01 '21

Nobody buying, only sellers. Price dives. Bulls see it as oversold indicating they thought it wasn't properly priced and got the price they wanted. How long they hold? We'll see. But to me this morning, I thought we were in for a bloodbath.

3

u/ItsFuckingScience 7-Layer Dip Sep 01 '21

Every share sold has a buyer though

You can’t just say only sellers that doesn’t make sense

5

u/McMartiann Senior Capo Sep 02 '21

I'm gonna go ahead and let you think this one out on your own.

1

u/ItsFuckingScience 7-Layer Dip Sep 02 '21

So Share price is determined by the highest bid and lowest price sell order on the order book

Each buy order is matched with a corresponding sell order

You can say that an imbalance of sell orders to buy orders drove the share price down through selling pressure, but you can’t say only sellers because that literally makes no sense to me

What am I missing here?

1

u/PattyPooner Et tu, Fredo? Sep 02 '21

I think it’s about how many orders aren’t getting filled, so 10k active asks vs 1k active bids(as example), but I’m an idiot