Tmac
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An Introduction to Dark Pools
Dark pools are private exchanges for trading securities that are not accessible by the investing public.www.investopedia.com
Print?
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Print?
Hateyou
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I looked it up. It refers to candlestick charts. Now I’m more confused.
Print: What It Is and How It Applies to Finance
Print can refer to money supply or any financial information transcribed into a hard copy that is printed or formatted for printing.
Ravishing
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Sanrith Descartes
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In equities it is zero sum, so if someone sold then someone bought.
I posted a link after the tweet explaining dark money.
Blazin
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That's not what it means. Print just means it's an executed trade. It's a relic term from 100yrs ago as trades would be printed on a tape then read. For example they could just say "Did you see that 100000 share trade?" and "Did you see that 100000 share print?" Means the exact same thing.
Blazin
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The reasons people follow dark pool prints (trades) is the belief that at tops and bottoms of markets, large shareholders (institutions) will use large dark pool trades so that they can accumulate or distribute large share volumes without moving the market and tipping their hand.
This is mostly silly because the buyer and seller in dark pool trades are both institutional share holders and it can be done for all sorts of administrative reasons outside of timing the market. For some people with sufficient transparency into the innerworkings of money flows they may be able to occasionally discern something useful from it. Because they may know who is dumping and who is buying and most importantly WHY
This is mostly silly because the buyer and seller in dark pool trades are both institutional share holders and it can be done for all sorts of administrative reasons outside of timing the market. For some people with sufficient transparency into the innerworkings of money flows they may be able to occasionally discern something useful from it. Because they may know who is dumping and who is buying and most importantly WHY
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Hateyou
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Right, so the context here is confusing. It’s big trades with no names attached but they’re only big to us. There’s no context so is it really a big trade in the grand scheme? No idea. Not sure why I should care to research if it was big or not and if it is implying anything at all. Obviously someone thinks the market is going to go down and someone thinks it’s going to go up. I feel like if I was an analyst I’d need more data sets to even analyze anything from random chunk trades.
TLDR: Who cares
TLDR: Who cares
Fogel
Mr. Poopybutthole
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There's plenty of insider stuff that gets passed around even though its "illegal", large dark pool volume can be a clue that something is going to happen. It's the best chance we have of profiting off of insider trading. So if you see large volume in a stock, could be a good idea to buy in short term to see if there is a sudden move like a merger announcement or lawsuit etc. If nothing happens in a few days can always just sell.
Gravel
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Except from reading about the dark pools, it's essentially someone trying to buy/sell a massive amount, but because that impacts the market negatively, it's something that then goes to the public in smaller chunks.
The examples are all like someone offloading 1 million shares. You can't do that without tanking the stock. So it really is a they "sell" 1 million shares, but it's in the dark pool and that slowly makes its way to the open market.
I understand every transaction has a buyer or seller. But my understanding of the dark pools is they're used for these massive movements.
Otherwise all this is is a large volume trade that's meaningless. So why did you post it?
Fogel
Mr. Poopybutthole
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Volume isn't meaningless. Volume is very important. There's a big difference between a stock price going up or down on low volume versus high volume. Its the reason why you see stocks gap up or down from one price to another. If a stock has high volume at 30 and 35 but low volume inbetween, when it breaks support/resistance at 30 or 35 it can gap up from 30 to 35 or gap down from 35 to 30 very quickly.
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Gravel
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Right, the dark pool is so it doesn't appear as a high volume trade. That's why I asked questions like "is this normal?"
I'm just not entirely sure what I'm supposed to take away from those trades. Market going up? Market going down? Neither?
Jysin
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Volume is everything in large cap stocks. You need volume for any appreciable price movement. As Fogel said, low volume price moves often correct. I saw this yesterday with a particular spac that Sanrith and I have been discussing. You would see a big volume share sell diving the price down, then cool as very low volume trickled the price back up, then more big volume selling. In effect, it lead to lower highs / lower lows for a significant part of the day.
Volume is also critical for overcoming macro support and resistance trend lines and pivots. This is where most amateur traders go wrong and ignore volume on stocks they are trying to day / swing trade. Buying at huge resistance levels without the volume to push through is almost a sure fire way for the price to reverse and prove as a bad entry point.
Volume is also critical for overcoming macro support and resistance trend lines and pivots. This is where most amateur traders go wrong and ignore volume on stocks they are trying to day / swing trade. Buying at huge resistance levels without the volume to push through is almost a sure fire way for the price to reverse and prove as a bad entry point.
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Sanrith Descartes
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To add on to this and why I post things like this. they are indicators. I doubt you or I are sitting on half a billion shares of SPY. or a third of a billion shares of FB. This means to me that these are institutional investors. We are at all time highs and significant blocks of stocks are moving. It could be portfolio rebalances ( end of quarter). I personally see a half billion shares of SPY being moved (in or out) of institutional investors as important. 537m * 427 (estimated SPY $) = a quarter of a trillion dollars of SPY moving. I like knowing that.
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Sanrith Descartes
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Sanrith Descartes
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COIN +25% since the last low early last week. Reminder that I missed that buy order at the bottom by 75 cents.
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Sanrith Descartes
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29 days to fill the gap. +10% in a month if you bought the dip on forward looking revenue adjustment.
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Gravel
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S&P bounced hard as fuck off $4300.
I was thinking yesterday that August - October is usually kind of rough, and this year seems like a good one for a major correction to happen. My guess is September, but if they start pulling covid variant omega out, we might see it in October instead.
I was thinking yesterday that August - October is usually kind of rough, and this year seems like a good one for a major correction to happen. My guess is September, but if they start pulling covid variant omega out, we might see it in October instead.
Sanrith Descartes
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It is hard to read the tea leaves right now. Libs in charge are going to push the Coronachan-India variant as hard as they fucking can to keep their unchecked power intact. Its one reason I cut bait on some underperformers to raise my cash position for some flexibility.
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