Live Trade - Reading Level 2 Order Book, Minimizing Losses, Identifying Resistances.
bitcoin·@philakonesteemit·
0.000 HBDLive Trade - Reading Level 2 Order Book, Minimizing Losses, Identifying Resistances.
<center></center> https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif <center><h3>A Live Trade Was hoping for a large bounce, but we faced massive resistance at $8,150. I could've taken a $100,-$200 loss, but instead chose to take a very tiny profit. It's important to be able to do fast TA on the fly, while watching the level 2 order book. As a scalping day-trader, I minimize exposure in the market and avoid risk at all cost. I saw resistance @ $8,150, saw it drop to $8,100 fast, and capitalized on closing my position at $8,150 when it bounced quickly, then it quickly fell again. NEVER SCALP unless you can 1- Swing trade well 2 - Day trade well 3 - Can do TA FAST AS FUCK 4 - Can be disciplined to stick to STRICT R:R 5 - Can cut losses Scalping is an art. You should NEVER SCALP until you have progressed from naturally from swing trading, to day-trading, then eventually obtain the skills to scalping for even more gains. If you try to scalp and cannot exercise the above, you will get destroyed in the market.</h3></center> https://youtu.be/9esSO1rrqEA <center><h3>My Comprehensive List of Tutorials Please consider upvoting if it has helped you Please consider purchasing me a 33 ft' yacht if you have reached incredible success. Click Below!</h3></center> <a href="https://steemit.com/bitcoin/@philakonesteemit/25-cryptocurrency-tutorials-35-hours-free-and-comprehensive"><img src="https://steemitimages.com/DQmXn6Wg1WdEjEmufbfgJ4rxDbSyJnqLL8dn3VR4pAV9Zgh/image.png"/></a> https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif
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