Monday, April 27, 2020

HOW TO DAY TRADE FOR A LIVING SUMMARY (BY ANDREW AZIZ)

Here is the link.


  1. After six month trade, only 6% people can survive. 
  2. 2% rule - set maximum 2% loss per trade. 
  3. Understand candlesticks - buyer and seller fight - which group is winning - hourly chart/ 5 minutes chart
  4. The support or resistance strategy


Candlestick
hourly
5 minutes
1 minute

Indecision candlestick

Trade volume

Support:
Resistance :

Support strategy:
From previous day/ days



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