Everyone loves trading, but 99% of traders end up losing money.
So let me share the most important tips you need to consider when trading!
1. Chart Time frame to analyze
Quick scalp:5 Mins to 15 Mins
Day trade: 15 Mins to 1 Hour
Swing trade: 1 Hour to 1 Day
2. Indicators
Volume is a must, apart from that use one trend indicator and oscillator.
Building the confluence
Do not take a trade base on a single narrative, look for multiple narratives which reflects the same bias.
Clear trade set up indicating 3 main points
Entry Point: price levels where you would set the buy order
Take Profit: price level(s) where you would take profit. Better to have multiple levels.
Stop Loss: price level where your bias gets invalidated. You need to cut losses then let a trade run.
