DYEMAN,to pip trade,to make profit you let the amount of shares you have to the work.If you have more shares,and the sp moves a little,you'll make profit.So if the sp is higher,you have to outlay much more money to get the same amount of shares,which is riskier,and people will be less inclined to risk double the outlay than before.
Geneva, Switzerland - 13 Dec - 16 Dec 2018 The ESMO Immuno-Oncology Congress, page-23
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