Four Steps to Increase Your Odds of Winning Trades!
One of the biggest headaches for many investors: is the inability to effectively determine the trend and the fear of selling at a high point.
At this time, technical analysis can often come in handy to help us make some identification. Today Cici will teach you guys a method: through four steps to identify potential entry time, ride the stock take-off stage.![]()
1. Identify an uptrend by using moving averages
2. Wait for the stock to retrace to the S/R zone
3. Use fibonacci to mark the area of possible reversals
4. Wait for candlesticks confirmation and set a stop-loss point
Combining these four steps makes up a strategy for opening a position.![]()
However, it is important to note that no trading strategy can guarantee success, so setting a stop-loss point is necessary. Additionally, combining additional technical analysis tools could further help us make well-informed trading decisions.
If you are interested in learning more about other technical indicators welcome to study our course “Trading Tutorials-Techinical Indicators”!![]()
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Invest With CiciOP : Will you try to use these four steps to increase your odds of winning trades? Feel free to share your thoughts in the comments section!
Asphen : I go with simply the MA5 and MA20 movements
Invest With CiciOP Asphen: Haha, can try to combine it with other technical analysis tools
Asphen Invest With CiciOP: of course... haha