The market mini-show is back: $ICNT 1-hour contract open interest increased by 14.77%; price was up 6.8% over the same period.
Open interest changed, but my position is still zero—I’m just watching from the sidelines.
Seriously, open interest and trading volume are two different metrics: trading volume measures how much was traded over a period of time, while open interest shows how many contracts are still open right now.
Indicators may be inaccurate, but don’t skip your stop-loss: deciding in advance what to do if your judgment is wrong matters more than guessing right.
Open interest changed, but my position is still zero—I’m just watching from the sidelines.
Seriously, open interest and trading volume are two different metrics: trading volume measures how much was traded over a period of time, while open interest shows how many contracts are still open right now.
Indicators may be inaccurate, but don’t skip your stop-loss: deciding in advance what to do if your judgment is wrong matters more than guessing right.