After the stock starts dropping.
It becomes the science of physics.
You now have many people who bought too high that will sell on any rally.
That's resistance.
But there's not enough new traders buying anymore to take out resistance so the stock must drop.
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This is the biggest reason why 95%+ of new day traders lose money.
The Pump and Dump.
You have to get in early because if you chase the spike.
Then you lose.
Once that volume spikes at the open and it's not being sustained. The computers are set to sell.
