Trading Tip- Avoiding loss on a trade
1. Strategy: Have a good trading strategy.
2. Monitor: your trades, especially when approaching key levels, never assume what's next.
3. Volume: pay attention to volume analysis. Depending on the entry from your trading strategy, large volume exiting trade before a key level is mostly a red flag
4. Technical analysis: get a good understanding of price action, volume and other technical analysis. Apply it and don't assume.
5. Accept the price action: close the trade when you see red flags e.g volume rejection. That's how I got out of this trade in profit.
Selah!
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Trading Tips 01
