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Adaora Favour Nwankwo
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Can a trader be free from greed?
Sometimes I still struggle with greed , as a trader.
How do you manage yours?
Share with me.
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Adaora Favour Nwankwo
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What is important in TA Do you know what support is ? Do you know how to find support in an asset ? Do you know how to find resistance.? Do you know how to determine a trend ? Are we in a down or up trend ? Once you know this basic, you have conquered a better part of what it means to be a profitable trader. That’s No1 No2 . find two or three other indicators Like RSI moving averages Like moving average , convergence , divergence macd & volume . You can choose to pick just two of those indicators . Then add understanding of candle closure to this . Understand what candles mean when they appear and why. Then add discipline and patience to be able to apply what you know. This is enough to show you entry and exit cos what exactly is trading? Entry - Exit.
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What is important in TA Do you know what support is ? Do you know how to find support in an asset ? Do you know how to find resistance.? Do you know how to determine a trend ? Are we in a down or up trend ? Once you know this basic, you have conquered a better part of what it means to be a profitable trader. That’s No1 No2 . find two or three other indicators Like RSI moving averages Like moving average , convergence , divergence macd & volume . You can choose to pick just two of those indicators . Then add understanding of candle closure to this . Understand what candles mean when they appear and why. Then add discipline and patience to be to apply what you know. This is enough to show you entry and exit cos what exactly is trading? Entry - Exit.
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MA - Moving average MACD - Moving Average Convergence Divergence RSI - relative strength index & Volume You are welcome 🤗
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See that long candle on BTC and the liquidation that followed. It is very tempting when you are the one running the show and you see where the money is sitting and all you just have to do , is just move a finger.🫠 Swimming with the sharks is not easy…make sure they don’t eat you.
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Waiting is the most underrated skill In trading after understanding TA.
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