Support and Resistance - Day Trading
Support and resistance are levels where a stock has shown change at a certain price a number of times. The more times a stock hits a level and bounces the more day traders will look to play of this point.
Trading Psychology Of a Bad Trade
1. A lot of day traders wait for a critical point to be broken before entering a trade. The minds of those who see a point that was strong being broken is changed and they no longer feel this point has influence.
Day Trading Tips - Related Resources
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