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Chinwendu Nnaji
@wavey_
Last seen:
11 hours ago
Learning to take profits and Losses
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The 5 you won multiplied by the amount which is $40, so 5 x $40 = 200
Minus the losses which is 3X $20 = $60
200-60 =140
And one should sell when
A. At key resistance zones, as support is to buy, resistance is to sell. Where price rallies in a major support turned resistance.
B. Confirmed downtrends and this is when the downtrend is printing lower lows and lower highs so as to Favour your setup/ trade in the market
2. One should buy when at key support zones, like when a price pulls back to a historically proven demand area, previous demand which turned support or a major moving average where buyers step in.
B. One should also buy on bullish reversal patterns.
C. One should also buy when resistance breaks with strong volume and sustained momentum confirming that buyers have overpowered sellers.
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