$RATS had a trading volume of about $6.01 million over 1 hour, 156.4 times its previous average; the price fell 37.15% over the same period.
Let’s talk about what lies behind this number.
Trading volume refers to the quantity traded over a period of time, while trading value converts that quantity into a monetary amount. Here, the volume multiple compares the current period with the average over a previous period.
Don’t chase the price just because you see a high multiple. Volatility is often greatest when volume surges, so reducing your position a little can help you stay more composed.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#RATS
Let’s talk about what lies behind this number.
Trading volume refers to the quantity traded over a period of time, while trading value converts that quantity into a monetary amount. Here, the volume multiple compares the current period with the average over a previous period.
Don’t chase the price just because you see a high multiple. Volatility is often greatest when volume surges, so reducing your position a little can help you stay more composed.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#RATS