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I don't trade equities so I guess I can't help beyond my prior post but I have to ask, why do you want to follow what someone else (even a big block trader) is doing? Correction what they've already done.
They've no doubt more firepower and more staying power. As well as the possibility they are buying and selling on behalf of another party. Too many unknowns IMO to understand why and what they are doing.
The initial reasons that I wanted to follow Block Trades (a.k.a Smart Money) is three fold. (1) Very large volume would create either a large supply, or a large demand, (2) they are the insiders with information before the general public, (3) I did not want to take trades in the opposing direction to Smart Money.
But which side of the Block trade do you consider to be the "smart money"? For every buyer of a block trade, there is a seller. Which side do you consider to be smart money and why?
What if Institution A executed a block trade of long 1mn today and Institution B initiated a block trade of short 1mn tomorrow, how do you interpret that?
As many have alluded to already, what if it's part of a portfolio or a hedge or even to get out of an existing position?
Even if you did establish the trade was a vanilla long or short, if the trade is then exited in smaller tranches, how would you ever know when to get out?
That is great information !!! It not only provides a list of block activity but explains why the short reports are actually long trades. Thank you for both URL links.
Smart Money is not my creation. It typically refers to the massive huge traders that trade in volume and dollars far beyound the power of ordinary mortal men. The have millions of dollars to trade. They probably are priveledged to reasearch and info that the average Joe, does not know. I do NOT mean it to be ugly to the individual money / traders.