Everything changed when I stopped guessing direction & learned to trade support & resistance in the direction of the trend.
You can’t guess the market direction correctly every day.
Low-Risk Trades:
– Trade with favorable risk-reward ratios, where the potential for profit outweighs the risk.
– Low-risk opportunities increase your chances of consistent profitability while minimizing potential losses.
Take Regular Small Amounts of Money Out of the Market:
– Be happy making frequent, smaller gains rather than relying on large, infrequent wins.
You Cannot Possibly Guess the Market Direction Correctly Every Day:
– Instead, focus on managing risk and adhering to your strategies.
Scalping vs. Swing Trading:
– Scalping involves making numerous quick trades.
– Aiming for multiple small profits from tiny price movements.
– Hold positions for seconds or minutes.
– Requires quick decision-making and execution.
– Demands constant attention and a high level of discipline.
– Swing traders hold positions for days or weeks.
– Seek larger price movements over an extended period.
– Use technical and fundamental analysis to identify trends and reversals.
– Fewer trades but with greater profit potential compared to scalpers.
Learn my trading psychology secrets in my FREE 5 day challenge!
Sign up now: https://bit.ly/3RtFyZZ
Join my free telegram group for analysis and signals.
https://t.me/daytradeideas
