I call it the "Tinder Syndrome"... the world has recently moved to a stage where the attention span towards ANYTHING is not more than a few seconds... if you like it, swipe right (or is it left?) and hope for a reciprocal...if you don't like something, swipe left (or is it right???) and move on... there is no "WAIT & WATCH & SEE IF THERE IS ANY LT POTENTIAL" out there...
like it, press BUY... 2 days later if the sp hasn't doubled , press SELL and move to the next one...rinse and repeat... in the meantime, the only one who makes money out of this is their broker with $19.95 accumulated in each swipe...
if this brigade is told to wait for a month to encash their Division #1 Lotto winning ticket, I am sure many would not think twice about selling that ticket for half the prize amount for cash in hand that very day...
this is where one has to either find the right balance or actually make some $$$ out of this behaviour... amazing times that we live in atm... a CEO goes on Twitter and posts some pictures and the crowd goes HEYYYYYYYY and starts buying... the CEO stops tweeting for a few days and they think the sky has already fallen and they start selling... I am sure many of you must have noticed these kind of behaviour in the market in the last 2-3 years now...
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I call it the "Tinder Syndrome"... the world has recently moved...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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0.4¢ | 25870526 | 19 |
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26 | 27200476 | 0.002 |
26 | 67533287 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 12060000 | 12 |
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