MarxBabu

Day or Swing Trading Avoid impulse Buying

Education
NASDAQ:TSLA   Tesla
  • To be successful in Market : Buy or Sell at price intervals {Buying all your available money at one price may cost you time and profit opportunity }
  • Before trading identify two key point that is lowest price and highest price of the candle or series of candles
  • Instead buying at highest point with all the allocated money Buy 20% quantity at the current price
  • Set the next buy order when the price corrects to 5% from the previous buy (% may vary based on the price value of the stock)
  • Repeat this cost averaging 5 to 10 times during the buy prices
  • In this way more quantity ,reasonable averaged price entry is possible
  • Set a target price ,Do not sell all the quantity at one price
  • Follow the ladder selling approach to maximize your returns
  • Mainly such standards helps avoids impulse buying ,Gives more Mind control ,Helps reducing emotional attack over a period of time.
  • A Rhythm is set in your mind not to panic by seeing the fluctuated volatility of the market ,Market goes up or down you will be cool to get your fish at right price

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