Noting when the volume fades and becomes illiquid, it should no longer be a priority. Float rotation can cause traps in early shorts. Volatile plays only. Volume is extremely important. 2-3 Green days is likely followed by a red day.
rather misleading, you can't really judge the actual real time volume on the same day until the day is over. you can however put focus on stocks that had recent run with high volume, but you can't dismiss stocks entirely just because the volume dies down during consolidation phases because both longs and shorts already have taken positions! they will eventually cover when critical levels are breached
Great lesson
Thank You Mark
Noting when the volume fades and becomes illiquid, it should no longer be a priority. Float rotation can cause traps in early shorts. Volatile plays only. Volume is extremely important. 2-3 Green days is likely followed by a red day.
rather misleading, you can't really judge the actual real time volume on the same day until the day is over. you can however put focus on stocks that had recent run with high volume, but you can't dismiss stocks entirely just because the volume dies down during consolidation phases because both longs and shorts already have taken positions! they will eventually cover when critical levels are breached
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