Millionaire's Trading Plan: What It Takes To Be A Profitable Trader
Humbled Traders
Effective Tracking of Resistance in Trading
Correctly tracking resistance levels in trading involves analyzing volume comparisons to identify potential market reactions. For instance, when a stock experiences a sharp decline after hitting a resistance level, many traders may hold onto their positions, leading to a sell-off when the price returns to the same resistance level. This behavior reflects human psychology in trading, particularly in low float scenarios.
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