play the market for minute to minute, or sometimes second to second, ups and downs.
Absence of reports on the progress of International Monetary Fund talk and fears of economic slowdown eroded confidence of institutional and high net worth individuals, which provided a perfect breeding ground for day traders
and punters to take short-term positions on the back of rumours and unsubstantiated news flow.
With our subscription based services we want to give traders and day traders
the 'edge' they desire," said Peter Lama.
The Japan Day Traders
Association, a Tokyo-based nonprofit organization offering lectures on the nuts and bolts of day-trading, has been inundated with people attending the lectures.
Except for some stray orders of punters and day traders
, institutions and large net-worth individuals decided to wait for another day.
In relation to this, Kaufmann-Rothstein International has created a series of trading education designed exclusively for day traders
, which will be launched soon after the completion of its educational support.
He said the short-term day traders
, who were betting the dollar would gain more ground this week, were disappointed by the performance of the dollar overnight and are opting to stay out of the market during the day.
continued to dabble in mid-tier stocks which saw FCCL, EPCL, UNITY, KEL and PIBTL contribute 30pc to the day's turnover.
With the weekend ahead, investors were disinclined to take long positions while day traders
and punters were seen to be indulging in 'churning' for minor gains.
The volume was down by a drastic 41pc to 197 million shares with punters and day traders
dabbling in mid-tier stocks.
were seen to take short-term positions in specific stocks on news flow.
Punters and day traders
were active in mostly third-tier stocks.