These are my notes on the chapter, What is Volume, from the book, Volume Trading.
Volume
The total number of contracts or shares exchanged between buyers and sellers during a specific day or time.
Notes
- Jayesh encourage you to think about volume more deeply
- Volume is
- energy
- life
- enthusiasm
- Volume is
- If stock is trading in the same price range at same volume for ten days, there is no enthusiasm or energy to trade the stock
- If the volume jumps from 2,000 to 50,000 the next day, and then to 100,000 the following day, would you that volume has gained energy, life, or enthusiasm?
- Uses an analogy to describe the relationship between price and volume
- Price is the rocket
- Volume is the rocket fuel
- When fuel ignites, it thrust and propel rocket in desired direction
Book contents
- Chapter 1. Introduction
- Chapter 3. Volume at key areas
- Chapter 4. Volume and candlesticks: A deadly combination
- Chapter 5. A secret strategy for timing your entry
- Chapter 6. Rules for exiting your trades ( To be continued )
- Chapter 7. How to use volume to find multi-bagger stocks ( To be continued )
- Chapter 8. My trades ( To be continued )
- Chapter 9. Conclusion ( To be continued )