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1. A trader who buys stock and quickly sells it for a profit. A flipper may be a day trader, buying and selling on a constant basis, or a (slightly) more long-term trader, holding for a day or two. Flipping is a high risk venture because a slight decline in share prices in the short term can severely hurt the flippers positions. On the other hand, a slight uptick can result in enormous profit.

2. An investor who buys real estate, usually a house, makes a few improvements, and sells it at a higher price. Colloquially, flippers are thought to buy the house, "slap a coat of paint on it," and re-sell for a large profit. Flippers were common even among casual investors during the housing bubble of the early and mid-2000s.
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A trader who attempts to make a small profit by very quick in-and-out buying and selling. For example, a flipper might try to take advantage of a hot market for new issues by purchasing a new issue at the offering and then selling it on the first day of trading.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.