I received another trade record from a student who traded Canopy Growth Corp. By studying the volume, he was right on track as the stock rose with healthy volume when the smart money enters, but the exit was a little too fast but well, it was meant to be a scalping trade and hence it's fine since good profits was made in less than 1 hour.
The correct way was to let the trade continue until real selling volume comes in. As drawn in the chart, when smart money healthy volume comes in, they were supporting the stock and hence wouldn't let it tank so fast. As the stock rose higher, expect some reactions first as along the way, it's normal for some mini selling to appear. Then all of a sudden, there was lesser demand as the stock rose higher where you should look to take profits off from the narrow bar and soon, some bigger sellers appear where the volume increased. Overall, not a bad trade but can be better. Congrats again on using the volume tricks to profit from the market.
Ronald K - A Game Changer
