$LIT breaks through the 3 mark.
Let's break this number down.
Round-number levels attract attention because people like to place orders and take-profit levels near them. Orders often cluster around these levels, which is why they're also called psychological levels.
Calculating position size based on stop-loss distance is much more reliable than sizing by feel.
#LIT
Let's break this number down.
Round-number levels attract attention because people like to place orders and take-profit levels near them. Orders often cluster around these levels, which is why they're also called psychological levels.
Calculating position size based on stop-loss distance is much more reliable than sizing by feel.
#LIT