Best Trading Lecture on Determining Targets by Using Pivots
Determining Targets Using Pivots is an important discussion on why it's crucial to understand the target areas BEFORE you take a trade. Often times traders will take a trade not understanding their expectations. Then they get in with a huge profit goal in mind, only to see the stock hit a resistance point and turn against them. This is because they didn't read the chart properly and then have a trade management approach that was in alignment with it.
Recommended video:
The Ultimate Day Trade Management Lecture: https://youtu.be/gIXPs339Mnk
Fear Based Trading: https://youtu.be/ZZqDzRqR85E
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