Buy horizontally, buy dips, don't buy vertically; the selling point is where the market is boiling. Continuous small increases are real increases, continuous large increases require exiting the market. A sharp drop with no volume is intimidation; a slow drop with volume means to withdraw quickly. A significant rise requires a pullback; don't dig deep holes and avoid large purchases.
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Classic Trading Volume Mnemonics
Buy horizontally, buy dips, don't buy vertically; the selling point is where the market is boiling.
Continuous small increases are real increases, continuous large increases require exiting the market.
A sharp drop with no volume is intimidation; a slow drop with volume means to withdraw quickly.
A significant rise requires a pullback; don't dig deep holes and avoid large purchases.