DAY TRADING BASICS . CUT YOUR LOSSES. . CONTROL YOUR EMOTIONS. • FIND YOUR STRATEGY. • PRACTICE PAPER TRADE. .SET RISK/REWARD. • DON'T GO ALL IN. . AVOID FOMO . TRACK TRADES • BUILD A WATCHLIST • DON'T FOLLOW OTHERS. • PROTECT CAPITAL
5 USEFUL POSITION TIPS FOR TRADING • USE FUNDAMENTAL UPDATES TO GAIN A STRONG UNDERSTANDING OF MARKET DIRECTION • ONLY USE KEY LEVELS THAT PRICE HAS RESPECTED FIVE OR MORE TIMES AS SUPPORT/RESISTANCE • USE RISK/REWARD RATIOS OF 15 OR HIGHER • USE THE 200 EMA TO HELP DETERMINE TREND . CONSIDER THE BUY & HOLD METHOD FOR BULLISH INDICES AND CRYPTO
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