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How to Find Good Entry Points (Day Trading)

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Manage episode 450810380 series 2362208
Content provided by ClayTrader. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ClayTrader or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

I explain how to find effective entry points in day trading by applying multiple time frame analysis and leveraging moving averages as key indicators. Using a real-world trade example where I made $1,000 in 19 seconds trading put options, I walk through the process of identifying potential resistance levels by examining the 50-period moving average on the one-minute chart and corroborating it with the five-minute chart. I detail how moving averages can serve as dynamic support or resistance levels and how cross-referencing different time frames can provide additional evidence to support a trade idea. I also discuss the importance of risk management, acknowledging that while this method can increase the probability of success, it does not guarantee profitable trades every time. My goal is to help you understand how to gather and interpret multiple pieces of technical evidence to gain an edge in your trading decisions.

  continue reading

379 episodes

Artwork
iconShare
 
Manage episode 450810380 series 2362208
Content provided by ClayTrader. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ClayTrader or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

I explain how to find effective entry points in day trading by applying multiple time frame analysis and leveraging moving averages as key indicators. Using a real-world trade example where I made $1,000 in 19 seconds trading put options, I walk through the process of identifying potential resistance levels by examining the 50-period moving average on the one-minute chart and corroborating it with the five-minute chart. I detail how moving averages can serve as dynamic support or resistance levels and how cross-referencing different time frames can provide additional evidence to support a trade idea. I also discuss the importance of risk management, acknowledging that while this method can increase the probability of success, it does not guarantee profitable trades every time. My goal is to help you understand how to gather and interpret multiple pieces of technical evidence to gain an edge in your trading decisions.

  continue reading

379 episodes

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