N
Saviour Victor
@nitnez
Last seen:
1 week ago
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Good Morning,
First calculate the win which is : 4 winning trade X $60 = 240. Then the loss which is 6 losing trades X $40 =120
Therefore, 240-120 =120
When buying or selling, one should look at support and resistance, as support favours buying and resistance supports selling.
Also at the trends, downtrend for sellers, uptrend for buyers.
Do not trade with emotions
A trading strategy is a systemic plan that one designs to secure consistent profits in a financial market by eliminating emotional decision making
Good Morning, Backtesting is testing a particular trading strategy in a previous market or in a historical market data to see how it would have performed in the past
The news act as primary catalyst for massive shifts in market sentiment, liquidity and long term currency valuations
From the structure of a ranging market, it has no higher high or lower low, just filled with support and resistance
While a bearish market has Lower high and lower low just that it has a break of structure
A bearish market with a break of structure(BOS) is a market condition where an asset that was previously moving sideways or upwards aggressively violates a key previous swing low, signaling a shift in momentum and the establishment of a downward trend
A ranging market is a market filled with support and resistance and has no higher high or higher low. Nor does it have lower low or lower high
This is a no brainer, you’d place your stoploss at where you’d minimize your loss, so you won’t be at so much loss
Market volatility is said to be how much the price of an asset fluctuates.
We’ve seen this in the likes of bitcoin, how it rises and falls.
Not be drifting off the topic but some people are rewarded with airdrop like hamster and dogs etc and it make them money when the price was high but now, it would have dropped and doesnt have much significance anymore
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