#StopLossStrategies
♦️Trading Strategies in Brief
🔸1.Day Trading
- Open/close positions within the same day.
- Use *breakouts* (resistance breaks) and *scalping* (quick small gains).
🔸2.Swing Trading
- Hold positions for a few days/weeks.
- Play retracements (reversals in a trend).
🔸3.Trend Following
- "The trend is your friend" – follow long movements with moving averages (e.g., 50/200 days).
🔸4.Algorithmic Trading
- Bots executing strategies based on RSI, MACD, etc.
🔸5.Contrarian Trading
- Buy when the market panics (RSI < 30), sell when it is euphoric (RSI > 70).
---
♦️Trading Psychology
✅ Discipline: Stick to your plan (stop-loss, take-profit).
✅ Patience: Wait for the right setup, do not overtrade.
✅ Emotion Management:
- Fear → Causes premature exit.
- Greed → Causes prolonged stay.
✅ Accept Losses: No trader wins 100% of the time.
Golden Rule: "Cut losses, let profits run."
You have the essentials! 📈🚀
