Reading live volume is very important to successful short term trading.
Also reading industry shorting/Naked shorting, support/resistance levels.
If the industry decides to go heavy short the stock your long in.
You lose. So know the signs and get out the stock fast.
Conversation
What is the sign that the industry is shorting the stock?
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You think the stock should be going higher. It's not. That's the first sign something is wrong. You see big sell orders coming in on the ask looking to get out. They just keep coming. With a small float stock means someone is selling shares they don't own.
I just started using Active Trader tab (thinkorswim platform) next to my chart and now see the bid/ask, it’s a big help!
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Omg thank you for that, I must be blind been looking for it all along 😂
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