Who exactly are Jobbers in the stock market?
A jobber is a market dealer, buying and selling in quick succession for a profit of few ticks ( few paise ). These are also called as “scalpers” at few places. If a jobber observes that a particular scrip is going up then he / she will purchase a quantity and keep it for selling immediately e.g. buy @100 sell @ 100.40 to 100.80 and if the price doesn’t go up within 10 to 20 seconds, they will sell the entire lot @ whatever be the price. They will do such trading for the entire day and earn nice amount at the end of the day. Many people earn their livelihood as a jobber with main brokers. They share profits with the broker. But the career as a jobber is a very very demanding. All the time you must keep observing and must key in orders one after another. Secondly you are not supposed to think over a loss and trade another set immediately. This plays havoc with your mindset, if you are not used to fast trades. The career is not for weak hearted, for sure.
