chopper
Trading term for short-term speculator lacking conviction
A punter that buys or sells a commodity with a hope of making a quick buck, but has no true conviction for the trade. The only hope for a chopper to succeed is luck!
Martin: "I want to buy Apple shares because they're bound to go up!" Luca: "Martin, don't be such a chopper!" Phoebe: "Hey John, what do you think of Omar?" John: "Omar Naveed Kayaam? He seems okay, but he's such a chopper! He's got no idea what he's doing!"
Also in the dictionary
- chopper in industrial supplies, equipment, and components