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May 5, 2020 • 9 tweets • 2 min read
Top 10 Golden Rules for Trading by Dan Zanger.
#Thread
1.) Make sure the stock has a well formed base or pattern.
1/n2. Buy the stock as it moves over the trend line of that base or pattern & make sure that volume is abv recent trend shortly after this "breakout" occurs. Never pay up by more than 5% abv the trend line. U should also get to know ur stock's thirty day moving average volume.
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Apr 23, 2020 • 6 tweets • 1 min read
#THREAD on
Basic Rules for Swing Traders
- By Linda Raschke
If the trade moves in your favor, carry it overnight–the odds favor follow-through. Expect to exit the next day around the objective point. An overnight gap presents an excellent opportunity to take profits.
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Concentrating on only one entry or one exit per day relieves the pressure.
If your entry is correct, the market should move favorably almost immediately. It may come back to test and/or exceed your entry point a little, but that’s OK.
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