3 TYPES OF TRADERS YOU NEVER KNEW EXISTED!

 MASS PSYCHOLOGY:

Traders can be divided into three groups: BUYERS, SELLERS, and UNDECIDED! BUYERS: want to pay as little as possible. SELLERS: want to charge as much as possible.
UNDECIDED: Are putting pressure Their permanent conflict is reflected in bid-ask spreads, “ASK” is what a seller asks for his merchandise. “BID” is what a buyer offers for that merchandise. A buyer has a choice: to wait until prices come down or pay what the sellers. demand.
A seller has a similar choice: wait until prices rise or accept a lower offer. for his merchandise. A trade occurs when there is a momentary meeting of two minds:
an eager bull
agrees to a seller’s terms and pays up, or an eager bear agrees to a buyer’s terms and sells a little cheaper. The presence of UNDECIDED traders puts pressure on bulls and bears. Buyers and sellers move fast because they know that they’re surrounded by a crowd of undecided traders who may step in and snatch away PURCHASING POWER!

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