Extreme patience has to be implemented in the morning. Regardless of what is happening pre-market you want to focus on the open when the real volume comes in so that you can assess a safe trade. Many times ppl associate volume with the upside of a trade. Wrong perspective. Keep trading as real as possible so that the big picture makes sense more. Volume is simply people buying and selling the stock at certain time periods. The more volume the more demand there is to buy and sell that stock. In other words the more. We as traders need that high volume (demand/ attention) because it creates the volatility (range) we need to trade the stock within specific support and resistive areas. Typically you want to play stocks around 9:45AM EST. Anything before that is automation and alogo trading from the previous day. Extremely volatile and risky imo. If you start to pay attn. Stocks normally give a clear direction around the time mentioned and make it more safe to trade them.
Thank you Ellis
Great video man!
Thank you Ellis!
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