Roaring Kitty live streaming on youtube tomorrow. Buckle up! (GME, Ryan Cohen, GameStop)
(media.greatawakening.win)
LET'S GOOoOoooo!!!
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Usually a little while after closing, the numbers are adjusted as all the final numbers up and down come in. I suspect this is because lots of brokers buy the shares in batches and they need to settle the books at the close of market.
Yeah I never understood why they would change the closing price.
Because close price impacts potentially Billions in options settlement.
You probably know about the tricks they use to buy the stock a millisecond before us peasants get it. They do that several thousands of times an hour and make lots of pennies per trade. They do the same with selling so they always wring out every ounce of profit.
I imagine that when you apply ALL those tricks to every type of call, put, limit & market order it takes the computers some time to clean up the fuzzy math.
Or it's simply all lies anyways. 🤷♂️
Are you talking about after hours trading? It used to be for institutions but now everyone can do it.
if everyone can do it, why do they still have afterhours...why isnt it just the same thing all day long. why the distinction?
🤷♀️ I assume it's just historic. Off hour trading was presumably so that big institutions, like fund managers, could do large trades in big blocks without rocking the market hours. so we are told. now that Wall Street is looking for every single penny, some retail brokers allow you to trade for a couple of hours before and after the market just like institutions. (after signing a contract)
off hour trading is more volatile (for retailers) as the volume is different, usually lower, than day hours.