Trade Commentary 181

● Points to Win

・There is volatility in the market

Instead of a choppy, range-bound market, a market with clear up and down movements is preferable. Sell at highs and buy at lows. Aim to sell after a rise and buy after a decline.

・Confirm strong buying candlesticks near a zone or after breaking through a zone(for buying)

If buying, confirm a support stop to the downside or a resistance stop to the upside. For example, long lower wicks like a bullish pin bar or a doji. Especially when the counter-trend is strong, adding a cushion is safer.

・Smaller stop losses

When buying, target a distance not far below the lower wick of the preceding candle, so the stop loss is small. Or if the trade goes against you, you may exit early.

For other basic rules and how to use indicators, please refer to the course. Thank you in advance.