Dealers in the stock exchange such as bulls, bears and stags are categorized as

Dealers in the stock exchange such as bulls, bears and stags are categorized as "speculators". Speculators are investors who take on higher risks in order to make profits from market fluctuations. Bulls are speculators who believe that the market will rise and buy securities in anticipation of rising prices, while bears are speculators who believe the market will fall and sell securities to avoid losses. Stags, on the other hand, are speculators who buy shares at an initial public offering (IPO) and sell them quickly after listing for a profit.