Thanks
@Veritas2000 for explaining what a shakeout means.
Makes more sense now
so basically, it's the big players "taking profit" after accumulating and pumping up the price.
By taking profits they can drive the price down a little more, and this causes people to panic and sell to these big buyers at prices lower than their
accumulation prices. And then after they are done taking profit they will drive the price back up with large volumes/large buying.
Am i interpreting this correctly?
Also, do you look for the shakeout and then buy into a day trade once they big players are starting to accumulate again?
Keen to hear any other ideas/strategies you have
hahaha
Cheers
