{"id":3010,"date":"2020-10-13T12:15:28","date_gmt":"2020-10-13T19:15:28","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=3010"},"modified":"2020-10-15T11:42:51","modified_gmt":"2020-10-15T18:42:51","slug":"ep-169-tracking-data-asking-questions","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/","title":{"rendered":"Ep. 169: Tracking Data &#038; Asking Questions"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%;\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-169\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p><span style=\"font-weight: 400;\">To new traders, the stock market can seem like utter chaos. They\u2019re not wrong, really. The stock market is often irrational and extremely counterintuitive. <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-164-the-wildest-100-days-in-stock-market-history\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">2020 has certainly proven that<\/span><\/a><span style=\"font-weight: 400;\">!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But when you get down to it, there are certain patterns that repeat over and over&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For smart traders, understanding how these patterns play out can lead to <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-163-what-makes-trading-click\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">\u2018aha\u2019 moments<\/span><\/a><span style=\"font-weight: 400;\"> that can lead to greater trading consistency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The keys to understanding stock market patterns?<\/span><b> Getting curious and tracking your data.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">For Stephen Johnson, it all started with a question: <\/span><i><span style=\"font-weight: 400;\">\u201cWhat do these gappers all have in common?\u201d<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">In the episode, you\u2019ll learn how he began obsessively tracking dollar volume data \u2014 and what his results reveal! Co-hosts Tim Bohen and Kim Ann Curtin are along for the ride&#8230;<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Why Does Dollar Volume Matter?\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Every trader looks at volume. And every trader looks at stock prices. But few people look at <\/span><i><span style=\"font-weight: 400;\">dollar volume<\/span><\/i><span style=\"font-weight: 400;\">. Is that a mistake?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Stephen, dollar volume \u2014 a combo of stock price and daily trading volume \u2014 is \u201cone of the most overlooked variables in the stock market.\u201d<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Psst <\/span><\/i><span style=\"font-weight: 400;\">&#8230; wanna know a secret? The point of this episode is less about dollar volume and more about tracking your data. You can actually apply Stephen\u2019s tracking methods and scientific approach to any variable you choose.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t miss our episodes on essential day trading variables:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.steadytrade.com\/float-volume\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Ep. 136: Float and Volume<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.steadytrade.com\/ep-139-time-frames\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Ep 139: Time Frames and Support and Resistance<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.steadytrade.com\/ep-146-essential-day-trading-variables-part-3-hot-sectors\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Ep 146: Hot Sectors<\/span><\/a><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Calculating Dollar Volume<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Not every trader calculates dollar volume the same way.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, Stephen starts with the opening price and multiplies it by the day\u2019s volume. For example, say the stock opened at $5 and the trading volume was 100,000,000 shares. The dollar volume would be $500,000,000.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim, on the other hand, prefers to start with an average price versus sticking with the opening price. This helps offset the crazy numbers that can come with big premarket moves.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There isn\u2019t a right or wrong way \u2014 it\u2019s all about figuring out which data is most helpful to you.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What Stephen Learned<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Stephen\u2019s tracked hundreds of stocks to evaluate the true meaning of dollar volume, and the results are \u201cquite interesting.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Price and volume are kind of like dance partners \u2014 each needs the other. By tracking dollar volume data, Stephen\u2019s getting a better understanding of what happens when demand outpaces supply &#8230; and the crazy price moves that can follow.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Breaking Down \u2018The Billionaire Club\u2019<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Stephen\u2019s data was collected in different categories, starting with what he calls \u2018the billionaire club.\u2019 These are stocks that trade over a billion dollars in dollar volume per day.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019ll learn how he classifies every stock by what it does:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Gap and go: When a stock keeps going higher at the open&#8230;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Gap and hold: When a stock stays within a 5% range at the open&#8230;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Gap and crap: When a stock falls apart at the open&#8230;<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Plus, find out how he uses the dollar volume to anticipate potential \u201ccrazy runs.\u201d\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Making Sense of Your Data<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">No, dollar volume isn\u2019t the secret to stock market success (sorry). It\u2019s just a piece of the puzzle.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Paraphrasing advice he received from fellow trader <\/span><a href=\"https:\/\/www.steadytrade.com\/jack-kellogg\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Jack Kellogg<\/span><\/a><span style=\"font-weight: 400;\">, Stephen suggests that you \u201cuse your data to find stocks, but use price action to trade them.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the episode, you\u2019ll learn why curiosity is the driving force behind exploring any variable, whether it\u2019s dollar volume, float, or anything else. You\u2019ll also learn why tracking data is one of the keys to slowly improving your trading consistency over time!<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Curious About Something?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Wanna know something about the episode \u2026 or about trading in general? Hit us up!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on <\/span><a href=\"https:\/\/www.youtube.com\/user\/stockstotrade\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><b>Into this episode? Please leave a review on <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\"><b>iTunes<\/b><\/a><b>.<\/b><\/p>\n<h3><span style=\"font-weight: 400;\">Meet Our Hosts<\/span><\/h3>\n<p><a href=\"https:\/\/www.steadytrade.com\/about\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Follow our hosts on social media&#8230;<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Tim Bohen<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/tbohen\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">@tbohen<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/tbohen\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">@tbohen<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Stephen Johnson<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/Jonk87\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">@Jonk87<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Kim Ann Curtin<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/kimanncurtin\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">@kimanncurtin<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/kimanncurtin\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">@kimanncurtin<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>To new traders, the stock market can seem like utter chaos. They\u2019re not wrong, really. The stock market is often irrational and extremely counterintuitive. 2020 has certainly proven that! But when you get down to it, there are certain patterns that repeat over and over&#8230; For smart traders, understanding how these patterns play out can [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":3011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[30,19,18],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ep. 169: Tracking Data &amp; Asking Questions - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"The keys to understanding stock market patterns? Tracking your data could be the crucial step you&#039;re missing from your trading routine.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ep. 169: Tracking Data &amp; Asking Questions - SteadyTrade.com\" \/>\n<meta property=\"og:description\" content=\"The keys to understanding stock market patterns? Tracking your data could be the crucial step you&#039;re missing from your trading routine.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/\" \/>\n<meta property=\"og:site_name\" content=\"SteadyTrade.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-13T19:15:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-15T18:42:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.steadytrade.com\/wp-content\/uploads\/2020\/10\/steadytrade-169b_BLOG.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"721\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"SteadyTrade\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SteadyTrade\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/\",\"url\":\"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/\",\"name\":\"Ep. 169: Tracking Data & Asking Questions - SteadyTrade.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.steadytrade.com\/#website\"},\"datePublished\":\"2020-10-13T19:15:28+00:00\",\"dateModified\":\"2020-10-15T18:42:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.steadytrade.com\/#\/schema\/person\/360a1e47359757a55a3de46010e6856a\"},\"description\":\"The keys to understanding stock market patterns? Tracking your data could be the crucial step you're missing from your trading routine.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.steadytrade.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ep. 169: Tracking Data &#038; Asking Questions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.steadytrade.com\/#website\",\"url\":\"https:\/\/www.steadytrade.com\/\",\"name\":\"SteadyTrade.com\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.steadytrade.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.steadytrade.com\/#\/schema\/person\/360a1e47359757a55a3de46010e6856a\",\"name\":\"SteadyTrade\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.steadytrade.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cbf7b567ddc83dbd1e0505c281707b15?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cbf7b567ddc83dbd1e0505c281707b15?s=96&d=mm&r=g\",\"caption\":\"SteadyTrade\"},\"sameAs\":[\"http:\/\/www.steadytrade.com\"],\"url\":\"https:\/\/www.steadytrade.com\/author\/steady-trade\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ep. 169: Tracking Data & Asking Questions - SteadyTrade.com","description":"The keys to understanding stock market patterns? Tracking your data could be the crucial step you're missing from your trading routine.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/","og_locale":"en_US","og_type":"article","og_title":"Ep. 169: Tracking Data & Asking Questions - SteadyTrade.com","og_description":"The keys to understanding stock market patterns? Tracking your data could be the crucial step you're missing from your trading routine.","og_url":"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/","og_site_name":"SteadyTrade.com","article_published_time":"2020-10-13T19:15:28+00:00","article_modified_time":"2020-10-15T18:42:51+00:00","og_image":[{"width":1000,"height":721,"url":"https:\/\/www.steadytrade.com\/wp-content\/uploads\/2020\/10\/steadytrade-169b_BLOG.jpg","type":"image\/jpeg"}],"author":"SteadyTrade","twitter_card":"summary_large_image","twitter_misc":{"Written by":"SteadyTrade","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/","url":"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/","name":"Ep. 169: Tracking Data & Asking Questions - SteadyTrade.com","isPartOf":{"@id":"https:\/\/www.steadytrade.com\/#website"},"datePublished":"2020-10-13T19:15:28+00:00","dateModified":"2020-10-15T18:42:51+00:00","author":{"@id":"https:\/\/www.steadytrade.com\/#\/schema\/person\/360a1e47359757a55a3de46010e6856a"},"description":"The keys to understanding stock market patterns? Tracking your data could be the crucial step you're missing from your trading routine.","breadcrumb":{"@id":"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.steadytrade.com\/"},{"@type":"ListItem","position":2,"name":"Ep. 169: Tracking Data &#038; Asking Questions"}]},{"@type":"WebSite","@id":"https:\/\/www.steadytrade.com\/#website","url":"https:\/\/www.steadytrade.com\/","name":"SteadyTrade.com","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.steadytrade.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.steadytrade.com\/#\/schema\/person\/360a1e47359757a55a3de46010e6856a","name":"SteadyTrade","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.steadytrade.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cbf7b567ddc83dbd1e0505c281707b15?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cbf7b567ddc83dbd1e0505c281707b15?s=96&d=mm&r=g","caption":"SteadyTrade"},"sameAs":["http:\/\/www.steadytrade.com"],"url":"https:\/\/www.steadytrade.com\/author\/steady-trade\/"}]}},"_links":{"self":[{"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/posts\/3010"}],"collection":[{"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/users\/2283"}],"replies":[{"embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/comments?post=3010"}],"version-history":[{"count":3,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/posts\/3010\/revisions"}],"predecessor-version":[{"id":3019,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/posts\/3010\/revisions\/3019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/media\/3011"}],"wp:attachment":[{"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/media?parent=3010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/categories?post=3010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/tags?post=3010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}