The market mini-show has another update: $MAGMA 1-hour contract open interest rose 16.47%, with an open interest value of about $7.28 million; the price rose 21.83% over the same period.
Open interest changed, but my position is still 0—I’m just watching from the sidelines.
Seriously, open interest isn’t the same as money flowing in: an increase only means that more contract positions are open. It can’t tell you whose money it is, or whether the positions are bullish or bearish.
It’s easy to learn how to read indicators. The hard part is sticking to your rules when the market gets really exciting.
Open interest changed, but my position is still 0—I’m just watching from the sidelines.
Seriously, open interest isn’t the same as money flowing in: an increase only means that more contract positions are open. It can’t tell you whose money it is, or whether the positions are bullish or bearish.
It’s easy to learn how to read indicators. The hard part is sticking to your rules when the market gets really exciting.