My NO. 1 Trading Rule: Technical analysis (TA) and Patience
Let’s start by understanding what exactly is Technical analysis (TA). As defined by www.investopedia.com, TA is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.
I started to put TA into practice after i signed up Moomoo. I was reading up and learning on TA prior to signing up. It’s not easy and quite hard to grasp and there are so many strategies (patterns) to learn.
PS: Moomoo is awesome since the app filters the Quote in the Markets by Strategies as seen below. I also made use of this to crosscheck my learning.![]()
I started to put TA into practice after i signed up Moomoo. I was reading up and learning on TA prior to signing up. It’s not easy and quite hard to grasp and there are so many strategies (patterns) to learn.
PS: Moomoo is awesome since the app filters the Quote in the Markets by Strategies as seen below. I also made use of this to crosscheck my learning.
For my TA, I always have the Support and Resistance levels drawn up for stocks that I intend to invest after some due diligence. Just these 2 lines for a start.
Support would be my entry point.
Resistance would be my profit taking point.
Most importantly— Patience!!! I was eager when i started trading, see the mess i made with $Advanced Micro Devices(AMD.US$ .
PS: Support and Resistance levels do change over time so these need to be reassess over time.
Happy Fathers’ Day.
$BlackBerry(BB.US$ hope to get free share to add to my portfolio
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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luvvies : Nice article
Txfen80OP luvvies: Thank u
Marilyn_ : Reminds me of @linuslin’s lesson
linuslin Marilyn_: Sure
103118041_Rama : You should get the share for sharing this
Txfen80OP 103118041_Rama: Thank u
BobK : nice!
Jgerich : kinda of professional man! will appreciate if you can share more on how to use the use moomoo to do TA and draw those nice charts!
Txfen80OP Jgerich: I wish I can draw nice charts too but I can only do support and resistance for now. Charts by moomoo: Click Quotes, click Market, scroll down and you can see strategies.
Txfen80OP BobK: Thank u
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