This video explains a high-risk, high-reward day trading strategy called the "hype trading strategy," which leverages the WallStreetBets subreddit (or similar forums) to identify stocks experiencing a rapid surge in popularity and price. The presenter walks through the process of finding these "pump and dump" opportunities, emphasizing the importance of a quick entry and exit strategy.
Yes, the transcript mentions volume in the context of selecting a stock. At 7:02, Ryan advises against taking large positions in stocks with low trading volume, even if they are starting to rise. He recommends choosing stocks with sufficient volume to facilitate quick entry and exit: "don't take a giant position in a stock which is just starting to pump up but doesn't have that many shares going through the register each single day". He suggests taking positions appropriate to the stock's trading volume to ensure ease and speed of buying and selling.