$Q ｜Losing the 0.03 level
Before considering position size, understand the key price levels.
Support and resistance are more like price zones than precise prices to the decimal point. It’s perfectly normal for prices to test these zones repeatedly.
When prices repeatedly swing above and below a key level, traders on either side can get shaken out. Until the direction becomes clear, keeping positions small is often the better choice.
All indicators only summarize what has already happened in the market, which could still move in the opposite direction.
Before considering position size, understand the key price levels.
Support and resistance are more like price zones than precise prices to the decimal point. It’s perfectly normal for prices to test these zones repeatedly.
When prices repeatedly swing above and below a key level, traders on either side can get shaken out. Until the direction becomes clear, keeping positions small is often the better choice.
All indicators only summarize what has already happened in the market, which could still move in the opposite direction.