Just a quick chat: a friend asked me how to interpret the long/short ratio, so I used $JCT as an example:
The overall long/short ratio across all accounts is 1.62, meaning 61.9% are long and 38.1% are short.
A ratio above 1 means more traders are going long; below 1 means more are going short. But remember: the more one-sided the numbers are, the more cautious you should be about a move in the opposite direction.
#JCT
The overall long/short ratio across all accounts is 1.62, meaning 61.9% are long and 38.1% are short.
A ratio above 1 means more traders are going long; below 1 means more are going short. But remember: the more one-sided the numbers are, the more cautious you should be about a move in the opposite direction.
#JCT