Here is just a thought. I hear a lot of analysis, trends, what a stock is going to do, due to this and that. Most things I hear on here is News talk, or what is hot, trending, who is in stage 3 and when will the release of product come out. And i do get a lot of technicals that I’m learning from others, and most who know me, or follow me, know i am a technical pattern/fundamental guy, Marketsmith IBD taught.
But there is one variable that i don’t hear on this platform. Honestly, i do not think I have ever heard anyone say....
“Look at that Volume today”
“I like how that volume is dropping, forming a squeeze on the right side, making way for breakout , to next level”
Just something to think about when you think a stock is going to rise. You better know what the volune is doing and be able to interpret it correctly to make gains.
Volume is a key factor in how a stock is moving. So if you have never considered volume other than the moving day averages, you can sit there a long time, or just miss the breakout completely
Think about it 🤔 Peace and happy trading !!!
ConchTrader OP : @OfficerTruth@Trading_Technicals, would love to hear both of your inputs
Temple Street-操盘手 : Just purchased my marketsmith yesterday!!! It’s so good. I really care about volume. Thanks for you remind. I will care about volume 100x more!!
OFFICER TRUTH : Volume is king and VWAP is queen
OFFICER TRUTH : I never learned through YouTube or a service like marketsmith so I’m sure they’re great. I just don’t have a point of reference for that stuff
OFFICER TRUTH : But’ I’m sure they’re great*
Temple Street-操盘手 OFFICER TRUTH : Marketsmith is good investment. Just give a try.
knowledgeispowerful : I definitely agree you can also look at Option volume the option market is always ahead of the stock market so if you see high option volume or unusual option volume that gives you a good indication of the movement that's the equity is going to do they are always in the trade before the stock goes up or down so if you really want a heads up pay attention to unusual option value but me personally I invest I don't do day trading so if I buy a stock or recommend this stock it's usually for at least a one to three year old unless otherwise stated
Knumee : this guy ryan mallory has a YouTube and podcast swing trading the stock market, he's a technical trader and two of the most important things he always stresses is risk management and volume. he's been in it a while, not ur typical YouTube guy, he even says a good trader is only right about 50% of the time but if u manage the risk the wins take care of themselves.
Black Heavens : I follow my gut... I need tech training.. Will read and watch..... how to in stocks
ConchTrader OP Knumee : My point exactly!!! Thanks!!
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