I bought and sold $WAFU! It wasn't my best trade, but I'm gaining experience. I think I figured out something about my trading that I can improve on. I noticed I entered the trade at a resistance level hoping it would go back up, but I think I need to wait and buy after it break's resistance to see where it is going and then buy. If it go's down, buy after a certain amount and wait for it to go back up to the resistance level to sale. I hope I have the right game plan.
What do you guys think?
Posted Jan 08, 20 9:52 AMbyBuldozr
Categories
Price Action: Buying Dips/Panics
Tickers
WAFU
stocks typically bounce in either direction. If its hitting support it will bounce up (if it doesn't could signal low support). if it hits resistance lvl it should bounce down to touch a lvl of support before moving up again. Don't buy resistance unless you have indicators showing it will likely break that lvl. I'm new but have been deep studying T.A. for about 6 months.
Thanks!
I think you gave me some valuable information, it will definitely speed my learning. Follow my blog and comment
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