It's important to understand what stocks people like, and what stocks they don't like. Trading against the crowd will be incredibly difficult. Trading with the crowd, therefore, is the way to go. Using stock scanners to search for relative volume leaders is a great way of taking the temperature of the market.
View the full episode here: https://www.youtube.com/watch?v=5X_ZcifasBg&ab_channel=WarriorTrading
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Now which one is also the most popular? Which one's trending on social media? Which one is the one that all the Traders out there are saying this is the one that's gonna go And so one of the things that's nice about being part of a community is you can get kind of a sense you can take the temperature of what other people are saying. You know, are people bullish on this? or are they bearish? What's that social sentiment on the stock? So once you've decided on the stock, then it's time to start looking for opportunities. and you know you you could. I'm sure there's people that lost money on this today.

You know that bought it on one of these red candles up here and then you know, sold as it broke down and you know they ended up being red on it and only to see it go all the way to six dollars at the end of the day. So it's not enough just to find the right stock to trade.

2 thoughts on “Importance of social sentiment when day trading #stockmarket #stock”
  1. Avataaar/Circle Created with python_avatars @stevenchow408 says:

    Even a thousand mile journey begins with one step.

  2. Avataaar/Circle Created with python_avatars @sweat_official says:

    ?

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