RE: Reddit idea31 May 2021 12:25
Thanks TWalbyoff. Let's see if any more are interested. Not sure if the lack of interest is because £1000 is a big ask ?
For some stats, on my observation, there were around 200 trades on avg when the SP went down by 3% and when it went up, I think it was around 300 trades. In terms of volumes, together buys &sells was around £1M or sometimes £3M when we have good 4-5% rise so if you divide the volume by number of trades, on avg per trade it is £5000 on a £1M with 200 trades or £3000 with 300 trades.
Now 200 trades or 300 trades could be the number of investors or a same person could sell and buy back again on same day. For stats, if we assume, it is one individual per trade.
Based on above, we need to see how effective it would be the with the reddit strategy. Unless we try we may not know?
Note - am not from reddit team. I'm just an ordinary individual looking to recover my losses here!