🚨Attention to beginner traders🚨
Buy low, sell high (with technical confirmation)
Always use a stop-loss
Do not follow emotions or "FOMO" (fear of missing out)
Would you like a mini simple trading strategy plan to follow?
Elliott-based trading strategy:
1. Identify the trend (bullish or bearish)
2. Wait for the end of wave 2 or 4 to enter wave 3 or 5 (the most profitable)
3. Use Fibonacci to estimate the end of corrections (wave 2 and 4)
4. Exit at the end of wave 5 or use A-B-C waves for counter-trend trading.
5. Combine with other tools (technical indicators, volumes, support/resistance) to validate signals.
Train yourself and believe in yourself. You will be more profitable!
NB: a trader is an athlete!!!