Last week on November 23rd I took a short trade on NIO. I also talked about the trade and the additional confirmation of what was going on in the EV sector in the video linked below.
I wanted to have this trade marked for posterity as it was just a great example of the same strategy I use on all instruments and all timeframes. It's very simple...
Break of Support/Resistance
Pullback to confirm that Support/Resistance for entry
A target that can gives 3-to-1 Reward/Risk
This is the recipe I have used all year playing stocks and making consistent gains. It makes me respect Support and Resistance and stay PATIENT for setups rather than jumping in.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.