Trader's Queries are back with more insights as I have gained more experience in trading.
Query: Frequently, I find myself entering and exiting trades late; how can I address this issue?
Answer: Often, traders who lack confidence in the trend make late entries and exits. This practice diminishes profits and heightens risk. Is there a method to enhance profits while minimizing risk?
Indexes frequently open with gaps up or down. If you are aware of key support and resistance levels before the market opens, executing trades will be easier. However, if you wait until after the market opens to assess support and resistance before deciding on your actions, your entries will likely be delayed.
Stocks typically do not experience significant gap-up or down days, so the opening should not catch you off guard.
You can utilize these strategies to identify optimal entry and exit points.
Price action – Always the number one.
Volume
VWAP
RSI or MACD
Nifty spot chart has volume in TradingView. I use it to understand the trend. Price action gives you more information when you understand where it is forming.
Query: Frequently, I find myself entering and exiting trades late; how can I address this issue?
Answer: Often, traders who lack confidence in the trend make late entries and exits. This practice diminishes profits and heightens risk. Is there a method to enhance profits while minimizing risk?
Indexes frequently open with gaps up or down. If you are aware of key support and resistance levels before the market opens, executing trades will be easier. However, if you wait until after the market opens to assess support and resistance before deciding on your actions, your entries will likely be delayed.
Stocks typically do not experience significant gap-up or down days, so the opening should not catch you off guard.
You can utilize these strategies to identify optimal entry and exit points.
Price action – Always the number one.
Volume
VWAP
RSI or MACD
Nifty spot chart has volume in TradingView. I use it to understand the trend. Price action gives you more information when you understand where it is forming.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.