Short transcript from a trading tutorial explaining that the number of orders filled at the bid or ask indicates market aggressiveness: orders filled at the bid indicate aggressive sellers; orders filled at the ask indicate aggressive buyers. Passive participants use limit orders and do not lift the price.
479 orders at this price got filled at the bid. If it got filled on the bid. And I want to ask you guys this. Just pause for a second thing. If 479 orders got filled on the bid, who was aggressive, the buyers or the sellers? Right. If there was 479 orders filled on the bid, the sellers were aggressive. If there's 975 orders filled on the ask on the right side, that means the buyers were aggressive, because buyers are willing to pay a premium on price. So they're willing to be, you know, aggressive. If sellers are more aggressive, they're willing to sell at a lower price. Passive participants are not willing to buy at a higher price. They're willing to stay at the price they're at. Hence why they use limit orders.
