is there a way to see where people are hodling?

M

mute9003

webull used to have a feature that shows the volume of people hodling but they removed that

how are you figuring out where the other traders are stuck?
i dont understand the concept of seeing where the traders are on the chart
i remember reading it in one of the courses long time ago but i dont have access to that anymore.

as i understand the volume profile shows where the transactions were made not at what price people are holding positions.

i can do basic and most obvious when stock skyrockets and traps bunch of traders and they are slowly exiting on the way down but thats the only one i understand at the moment
 
mute9003 said:
webull used to have a feature that shows the volume of people hodling but they removed that

how are you figuring out where the other traders are stuck?
i dont understand the concept of seeing where the traders are on the chart
i remember reading it in one of the courses long time ago but i dont have access to that anymore.

as i understand the volume profile shows where the transactions were made not at what price people are holding positions.

i can do basic and most obvious when stock skyrockets and traps bunch of traders and they are slowly exiting on the way down but thats the only one i understand at the moment
More...

One platform you can check out is Bookmap... and Bookmap videos all over uTube...
 
mute9003 said:
how are you figuring out where the other traders are stuck?
More...
Significant ask volume at some price level, price move down and fail to hit this price level again.
Opposite in bull reversal.
mute9003 said:
as i understand the volume profile shows where the transactions were made not at what price people are holding positions
More...
Transaction -> one get into position and one get out, so if volume profile display long node, many trades get into position and many get out. It may be wise to understand who was more aggressive, the bis or the ask side.. or maybe mor neutral..
EdgeHunter said:
Bookmap
More...
Bookmap only display pending orders which may or may not will be actually executed.

In day trades, scalping, it's very important to spot aggressiveness and there's attempt to protect the price level where aggressiveness took place.
But.. it also important to understand the play of OTF player during current trading day.
Only tight stop lose can help can help in this mess .
For example, if you believe you spot trapped trader
Your stop should be few tick above this level. If the stop hit, your out!!. Maybe your timing was bit wrong, keep reading the footprint chart.. don't let small losing trade hurt you ongoing processing, market always generated data for you.
 
Yes... I see what you mean... Bookmap only does pending...

Okay... FootPrint Charts -- Bid / Ask Delta trades (diff in trades that went off at each level)... and Bid / Ask Traded Volume at each price -- and many other variations you can play with...

Closer to what you want... ?
 
mute9003 said:
so how are other traders doing it?
because they are always pointing out where the trapped traders are
More...
They're just theorizing. But they are correct in that a certain percentage of sellers are indeed guys who bought the stock when it was much higher and have been holding the bag waiting for it's price to climb back close to their entry price so they can get out.
 
Trapped traders exit on pullbacks.
pullback can turn into a downtrend depending on how many of them are trapped and trying to exit.
When trapped sellers disappear the trend reverses.
At least thats how i understand it
 
There are roughly 3 groups of people.


1. Traders who focus on the charts (and not HODL nonsense) so as to earn tons of money

2. Traders who look at HODL for entertainment purposes

upload_2024-8-4_6-46-45.jpeg
upload_2024-8-4_6-50-23.jpeg




3. People looking at HODL for rationalization purposes
thinking the more they rationalize, the more money they would earn.
 
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