{"id":245,"date":"2008-12-08T08:43:47","date_gmt":"2008-12-08T13:43:47","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=245"},"modified":"2009-01-03T12:05:31","modified_gmt":"2009-01-03T17:05:31","slug":"more-buyers-than-sellers","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/more-buyers-than-sellers","title":{"rendered":"More Buyers than Sellers"},"content":{"rendered":"<p>HIG finished up 100 percent on Friday.\u00a0 At one point HIG was up 120 percent.\u00a0 At up 50 percent I heard the chirping.\u00a0 And chirping by very good traders.\u00a0 Chirp is an old school term defined as a trader definitively predicting the proper price of a stock.\u00a0 Chirp.\u00a0 Old school traders recognize that anything can happen at anytime.\u00a0 Old school traders understand that order flow is more important than your opinion.\u00a0 Old school traders have learned that stocks trade higher for one reason: there are more buyers than sellers.<\/p>\n<p>Back in the day we were mandated to attend MODs, teaching seminars.\u00a0 During one MOD our team leader asked, &#8220;What makes stocks trade higher?&#8221;\u00a0 The room was filled with bright, ambitious, Ivy League educated traders.\u00a0 Many gave it their best intellectual stab.\u00a0 Chirp.\u00a0 Then there was silence.\u00a0 Finally our team leader smirked and answered, &#8220;More buyers than sellers.&#8221;<\/p>\n<p>Talking heads are ominipresent on CNBC offering their opinions.\u00a0 Many of which are helpful and well thought out.\u00a0 Most of us as traders are practiced in <a href=\"http:\/\/www.smbtraining.com\">technical analysis<\/a>.\u00a0 As you gain experience you develop a feel for the proper price of a stock.\u00a0 Remember that the talking heads are just offering an opinion.\u00a0 Your feel is just an opinion.\u00a0 And technical analysis often works.\u00a0 We use it.\u00a0 But it is just a theory.\u00a0 Utimately, stocks trade higher because there are more buyers than sellers.<\/p>\n<p>I traded HIG on Friday.\u00a0 At 13.80 I heard, &#8220;This stock is overextended.&#8221;\u00a0 Chirp.\u00a0 At 14.50, I heard, &#8220;It&#8217;s now up 100 percent.\u00a0 This has got to be the top.&#8221;\u00a0 Chirp.\u00a0 At 15 I heard, &#8220;15 will be resistance.&#8221;\u00a0 Chirp.\u00a0 At 16 a trader exclaimed, &#8220;It&#8217;s gonna reverse now.&#8221;\u00a0 Chirp.\u00a0 Wait that might have been me.\u00a0 Stocks up 50 percent, can go up 75 percent, can go up 100 percent, can go up 150 percent intraday.\u00a0 As long as there are more buyers than sellers than your stock aint going down.<\/p>\n<p>Best of luck with your trading!<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2008\/12\/hig.bmp\" title=\"hig.bmp\"><img decoding=\"async\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2008\/12\/hig.bmp\" alt=\"hig.bmp\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HIG finished up 100 percent on Friday.\u00a0 At one point HIG was up 120 percent.\u00a0 At up 50 percent I heard the chirping.\u00a0 And chirping by very good traders.\u00a0 Chirp is an old school term defined as a trader definitively predicting the proper price of a stock.\u00a0 Chirp.\u00a0 Old school traders recognize that anything can happen at anytime.\u00a0 Old school &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/more-buyers-than-sellers\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4676,30,18],"class_list":["post-245","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-day-trading","tag-prop-trading","tag-smb-capital","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>More Buyers than Sellers | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/more-buyers-than-sellers\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More Buyers than Sellers | SMB Training\" \/>\n<meta property=\"og:description\" content=\"HIG finished up 100 percent on Friday.\u00a0 At one point HIG was up 120 percent.\u00a0 At up 50 percent I heard the chirping.\u00a0 And chirping by very good traders.\u00a0 Chirp is an old school term defined as a trader definitively predicting the proper price of a stock.\u00a0 Chirp.\u00a0 Old school traders recognize that anything can happen at anytime.\u00a0 Old school ... 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