Support and Resistance Trading 101
Learn how support and resistance relate to supply and demand then you will make more money trading. Over trading can lead to failure. Stay on the hunt for volume and price action. You should limit your loosing trades and let your winners run. You don’t have to be right all the time but you do have to have a plan to be right. What are you going to do for Passive Income today? Develop a plan to generate wealth. I do a daily recap if your plan involves trading, come learn from The Bearded Trader. Learn the basics of trading then watch your profit increase. This is the judgement free zone. Iron Sharpens Iron. Teaching beginners to day trade is my passion. I confront the markets each day with a plan to challenge market makers and traders. Investing is simple buy low sell high. Trading is like dancing once you get on beat your just flowing with the music. Once you catch the momentum of a stock you just ride the wave higher. Find support and resistance levels help increase your odds of winning trades. At these levels buy and sellers push stocks higher or lower.
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DISCLAIMER: Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains.
If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
All trading strategies are used at your own risk.
Any content on The Bearded Trader Channel should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an express or implied promise or guarantee.
The Bearded Trader is not responsible for any losses incurred as a result of using any of our trading strategies. Loss-limiting strategies such as stop loss orders may not be effective because market conditions or technological issues may make it impossible to execute such orders. Likewise, strategies using combinations of options and/or futures positions such as “spread” or “straddle” trades may be just as risky as simple long and short positions. Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.
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