Trading on December is probably the least profitable time since traders would secure their profits to conclude the year than risk it.
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Trading on December is probably the least profitable time since traders would secure their profits to conclude the year than risk it.
There's probably tax implications involved as well.
Lower the gains by driving the price down to "take some paper loss", I don't understand the strategy fully but it seems like a good fit to the sudden drop.
Tax can be killer this time.