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Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)

213: A Day in the Life of a Successful Off-Grid Trader w/ Jayson Casper

Feb 8, 2023
43:33

Podcast summary created with Snipd AI

Quick takeaways

  • Focusing on support and resistance levels is crucial in trading ranges, as price action often rejects resistance and finds support in sideways markets.
  • Mastering the skill of identifying and marking support and resistance levels on charts, combined with sound risk management, can increase the likelihood of trading success.

Deep dives

Trading Ranges: A Simple and Effective Strategy

Jason Casper shares his strategy for trading ranges, emphasizing the importance of focusing on support and resistance levels. He explains that most of the time, price action rejects resistance and finds support in sideways ranges. Counter to popular belief, he warns against trading breakouts, as they are less likely to occur. Jason stresses the significance of risk management, advocating for risking no more than 1% of your account per trade. He also highlights the value of having a clear plan and sticking to it, without getting emotional or deviating from your strategy. Through these principles, Jason has achieved consistent profitability in his trading journey.

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