📚 Price Action: How to identify entry points, how to find entry points, ...

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Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

Entry point is the price at which an investor buys an investment. The entry point is usually a component of a predetermined trading strategy for minimizing investment risk and removing the emotion from trading decisions. Recognizing a good entry point is the first step in achieving a successful trade. To day trade US stocks, you need to maintain an account balance of $25,000 or more. Start with at least $30,000 if you plan to make more than 4 day trades per trading week. 4 day trades or more per week gives you “day trader status” and you're subject to the $25,000 minimum account balance.

Ninety-two percent of day traders trying to scalp loose money. Only eight percent are successful. Out of the eight percent, only two percent of the day trading public make money on a consistent basis. Why do 92 percent of day traders fail and what makes eight percent successful? Raise your stop to break even as soon as a new trade moves into a profit. This can build confidence because you now have a free trade. Then sit back and let it run until price reaches 75% of the distance between risk and reward targets. You then have the option to exit all at once or in pieces.

Day Trading the Forex Market Part-Time. If you can't trade during stock market hours, you can trade the foreign-exchange (forex) market 24 hours a day during the week, making it a flexible alternative for day traders who only have one to three hours at odd times of the day or night to day trade. But trading penny stocks is also a good way to lose money. So penny-stock trading thrives. With a relatively small investment you can make a nice return if — and this is a big if — the trade works out. For example, say you buy 10,000 shares of a $.30 stock for $3,000.



📚 Price Action: How to identify entry points, how to find entry points, ... 📚 Price Action: How to identify entry points, how to find entry points, ... Reviewed by BO Turbo Trader on October 14, 2018 Rating: 5

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