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New Lesson - DetailsYou practice
To prepare for the game
If you don’t learn
You’re just wasting time
(thread)
Two more terms you need to know:
Support & Resistance
Support & Resistance
-What are they?
Textbook definition:
Price levels of a stock
Where the price “will tend to stop and reverse”
Textbook definition:
Price levels of a stock
Where the price “will tend to stop and reverse”
Translation?
I like to think of them
Like trading windows
Or like the
Ceiling and Roof
Of the stock price
I like to think of them
Like trading windows
Or like the
Ceiling and Roof
Of the stock price
Here’s a good visual
From Warrior Trading below
Of what that looks like
From Warrior Trading below
Of what that looks like
Alright, so what’s this mean?
If a stock cannot break either
Support or resistance
The price will hover and go sideways
Like in the pic
If a stock cannot break either
Support or resistance
The price will hover and go sideways
Like in the pic
What causes a stock
To break support or resistance?
It depends.
-Good or bad news
-Earnings report
-More buyers than sellers (or vice versa)
Many things can cause this
To break support or resistance?
It depends.
-Good or bad news
-Earnings report
-More buyers than sellers (or vice versa)
Many things can cause this
Here’s an example of a recent trade
I made with $DKNG
I bought in
When it crossed the 20 MA
Then used the previous
Support and resistance
To help determine
My price target
(If you forget what that is, go review)
I made with $DKNG
I bought in
When it crossed the 20 MA
Then used the previous
Support and resistance
To help determine
My price target
(If you forget what that is, go review)
Just like learning how
-To hit a draw
-Throw a changeup
-Kick a corner kick
Or whatever sport you play…
It all comes down to
Learning. The. Game.
-To hit a draw
-Throw a changeup
-Kick a corner kick
Or whatever sport you play…
It all comes down to
Learning. The. Game.
Always open to questions
So don’t be afraid to ask!
Stop being on the sidelines
And make it happen
You’re welcome
So don’t be afraid to ask!
Stop being on the sidelines
And make it happen
You’re welcome
