odd-lotter

Odd-Lotter

An investor who deals in securities only occasionally, especially when he/she deals only in small quantities. Odd-lotters are also called (more formally) small investors. Odd-lot theory holds that odd-lotters are both poorly informed and risk averse; this theory encourages larger investors to do the opposite of whatever odd-lotters tend to be doing at a given time. This theory has little evidence to support it, and few have held it since the 1990s.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

odd-lotter

An investor who buys and sells securities in less than the standard unit of trading. Odd-lotters are generally small investors lacking the financial resources to engage in larger trades.
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.
References in periodicals archive ?
Seasoned observers would say that small investors, or odd-lotters as they are known in the United States, have historically sought the safety of cash after a market slide, while market peaks tend to coincide with periods of maximum optimism.