Trading Life: Eight Essential Tips for Beginners to Read the Market🤓
I’ve summarized my experience in just eight sentences:
First: Continuous small increases lead to big increases
Second: Continuous big increases mean it's time to exit
Third: A downtrend with sideways movement will have small increases
Fourth: An uptrend with sideways movement will have small increases
Fifth: A small increase in line with the trend will lead to a big increase
Sixth: A small decrease in line with the trend will lead to a big decrease
Seventh: A sudden drop with no volume is intimidation
Eighth: A gradual drop with increasing volume means bulls should run fast
In trading (to confirm a top, there should be multiple highs; to confirm a bottom, there will be a second pullback; direction confirmation for bulls means the lows need to keep rising; direction confirmation for bears means the highs need to keep falling)