173: Michael Katz – Riding Price Action—A Complete Breakdown of the Lyft IPO
Chat With Traders
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How to Trade a Stock That's Going Lower
The main thing was the amount of volume that this was trading, there was a lot of interest in the symbol. And I think in the first five minutes it traded 10 million shares. So at the same time every trade that's happening, we're going lower and lower. That tells me that everybody who bought is out of the money and everybody who shorted is into money. so I want to be on the side of the winners.
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