Here's a quick thread 🧵 containing my top 3 simple tips/tricks to help increase wins and decrease losses while trading!
All 3 help build patience and focus on avoiding trades in the higher risk areas where most losses occur and taking trades where momentum is present👇 $spy
All 3 help build patience and focus on avoiding trades in the higher risk areas where most losses occur and taking trades where momentum is present👇 $spy
#1 - Know when we are in range or in a directional state. This is key to being on the right side of the trade
One of the easiest ways to tell is by using the previous days high and low as a guide. Above the PDH I favor longs, Below the PDL I favor shorts. In the middle = Range👇
One of the easiest ways to tell is by using the previous days high and low as a guide. Above the PDH I favor longs, Below the PDL I favor shorts. In the middle = Range👇
#2 - Buy pullbacks not breakouts. This will increase your win rate drastically!
When you see an explosive move, fight the urge to chase! Wait patiently for that pullback. If you don't get one, pass on the trade
Emas are a good tool to utilize for gauging entries between zones👇
When you see an explosive move, fight the urge to chase! Wait patiently for that pullback. If you don't get one, pass on the trade
Emas are a good tool to utilize for gauging entries between zones👇
#3 - Avoid areas of consolidation. These areas are a killer for option traders. One of the most effective ways to pick up on choppy/consolidation areas is with ema spacing.
Close/flat emas = Choppy consolidation, higher risk of stop outs
Spaced/smooth = Momentum present👇
Close/flat emas = Choppy consolidation, higher risk of stop outs
Spaced/smooth = Momentum present👇
Wait for direction✔️
Avoid chop/consolidation✔️
Buy pullbacks not breakouts ✔️
All 3 have helped build my patience while decreasing my losses and increasing my wins!
Thanks for reading 🙏 Follow along for simple effective trading techniques!
patreon.com
Avoid chop/consolidation✔️
Buy pullbacks not breakouts ✔️
All 3 have helped build my patience while decreasing my losses and increasing my wins!
Thanks for reading 🙏 Follow along for simple effective trading techniques!
patreon.com
Here's a thread breaking down the basics of my trading strategy! It covers simple Supply and Demand zones and my EMA method for entering and exiting trades👇
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