After 11 years of trading these are the best and easiest methods to draw and trade Supply and Demand zones
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Things To Know First 💡
Supply zones are either rally-base-drop or drop-base-drop. You can draw it with the three methods described below 👇
The Conservative Method
In the base structure, the distal line (first line) needs to be placed at the top of the wick and the proximal line (second line) needs to be placed at the lowest body of the base.
After 11+ years of trading this is the best way to handle trading losses and coming back from them 🧵
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A lapse in discipline, or just a sustained bleed-out of trading capital, nearly every trader will face a big loss in their career. How to bounce back after a big loss isn't complex.
What is difficult is repairing the mental damage done, especially the damage to
confidence.
The level of confidence, where you see the market for what it is, step in whenever there's an opportunity, cut your losses when it doesn't turn out, and sit on your hands when conditions aren't right, is the confidence that can be lost after a losing streak.
-What Tax benefits do I receive trading as an LLC business
RT and Like to Spread the Education ♥
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Working as an independent trader can be a way for individuals to make extra income, or even possibly a full-time living. But like any business venture, the income generated from trading is taxable.
If you are successful as a day trader, it can create significant tax liabilities for you. Individuals that want to participate in the stocks have several options: they can trade as individuals or sole proprietors, qualify for trader status, or trade through a business entity.