karubin1224
karubin1224 Aug 25, 17 3:48 PM

hey i saw this panic but i got scared out because the volume was really low. nice recap.

mgiffor2
mgiffor2 Aug 25, 17 4:33 PM

@karubin1224 I like the low volume because if the volume is low, and something starts spiking then a lot of traders start to look at it and some will probably chase. Conversely if the volume is high, then it shows a lot of traders have already bought at that level and there will need to be a lot more "suckers" to sell into. I guess you could argue that if there is a low volume dip then there could be a high volume of sellers coming soon, but I think at this point they are already bag holders. Yo

mgiffor2
mgiffor2 Aug 25, 17 4:34 PM

@karubin1224 You could also argue that a high volume of sellers accurately shows a support level, which I guess is true, but at the same time if a high volume of sellers gets soaked up on a dip buy, most of them are trained to cut losses quickly anyways. So in the case that there is high volume and then the stock fails to bounce then theoretically its a lot harder to get out. Please correct me if I'm wrong because I'm learning as well

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