A little chat: I used to love watching the long/short ratio. Whenever I saw that the percentage of long positions was high, I’d follow suit and go long—only to get stopped out by a single wick several times.
Over time, I gradually realized that the long/short ratio tells you which side everyone is betting on, while the market often likes to move in the opposite direction.
Today, the long/short ratio across all accounts on $AVA is 1.01, with both sides about even, so I’m just taking it as a reminder.
Over time, I gradually realized that the long/short ratio tells you which side everyone is betting on, while the market often likes to move in the opposite direction.
Today, the long/short ratio across all accounts on $AVA is 1.01, with both sides about even, so I’m just taking it as a reminder.