$Q 15-minute contract open interest rose 6.13%, with an open interest value of about $9.89 million; over the same period, the price was up 14.78%.
When I first got into this space, I thought rising open interest meant money was flowing in. Later, I realized that more open interest simply means both sides are adding positions: there are just as many longs as shorts, so it’s not the same thing as capital inflows.
Learning to read indicators isn’t hard. The hard part is sticking to your plan even when the market gets extremely volatile.
#Q
Please do your own research before trading.
When I first got into this space, I thought rising open interest meant money was flowing in. Later, I realized that more open interest simply means both sides are adding positions: there are just as many longs as shorts, so it’s not the same thing as capital inflows.
Learning to read indicators isn’t hard. The hard part is sticking to your plan even when the market gets extremely volatile.
#Q
Please do your own research before trading.