Is volume overrated?...

Is volume overrated? What do. yall think? I have seen price trend down and up without volume... I don't use volume at all.. just price..

 

Yes.

 

What I think is – this is stirring up a pot of crap for no reason – as the only thing that matters is you’re making money doing what you’re doing


However in the spirit of contributing – here’s an oldie but goodie



http://www.elitetrader.com/vb/showthread.php?s=&threadid=169124&perpage=6&pagenumber=1


RN

 

+1. Sastisfried?

 

good, i thought i was the only one...

 

Nothing beats being lucky ...

 

Price probes, but volume pushes.

 

but when volume is high what should we do?

 

I think volume has become somewhat overrated. A lot of people were fooled by the low-volume rallies we had earlier this year and missed some nice moves.

With that said, however, good volume can be powerful confirmation for your trades and a sign of when it might be a good idea to load up with greater share size. And for short-term trades, I'm always checking in Quotetracker and StockVision to find stocks that are trading more than their usual amount of volume. They seem to have a higher chance of making a nice clean move.

 

If you know how to 'read' volume in such a way that you can be profitable then no, it's not overrated and if you cannot 'read' volume than of course it is overrated.

It's all a matter of perspective.