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Basic Day Trading Advice: But Is It Good Advice?
Manage episode 433328058 series 2362208
Content provided by ClayTrader. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ClayTrader or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this video, I critically analyze some basic day trading advice I received, focusing on spotting reversals and breakouts from consolidation. I demonstrate the practical challenges of applying this advice in real-time trading without the benefit of hindsight. Using various examples, I show the inherent difficulties and limitations of identifying reversals and breakouts without confirmation. I aim to highlight the complexities of day trading and the necessity of developing robust trade plans and risk management strategies. This video serves as a learning resource for traders looking to understand the nuanced reality of day trading beyond simplistic advice.
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Manage episode 433328058 series 2362208
Content provided by ClayTrader. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ClayTrader or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this video, I critically analyze some basic day trading advice I received, focusing on spotting reversals and breakouts from consolidation. I demonstrate the practical challenges of applying this advice in real-time trading without the benefit of hindsight. Using various examples, I show the inherent difficulties and limitations of identifying reversals and breakouts without confirmation. I aim to highlight the complexities of day trading and the necessity of developing robust trade plans and risk management strategies. This video serves as a learning resource for traders looking to understand the nuanced reality of day trading beyond simplistic advice.
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Bitcoin groundbreakers share personal stories of how Bitcoin is changing lives for the better. Host Mauricio Di Bartolomeo, co-founder and CSO of Ledn, speaks with leading Bitcoin voices, entrepreneurs, and human rights advocates to hear their unique journey and practical real-world examples of how Bitcoin has made a positive impact in their lives. Brought to you by Ledn, a leading financial services company built for Bitcoin & digital assets. Ledn offers a suite of lending, saving and tradi ...
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