Short Terms Trading

I still remember the day when I start trading, I opened the Candle stick chart and try to find the opportunity on it. Trying very hard to look for the pattern like M pattern, V pattern and etc.

Besides, I always keep myself busy by exploring the new trading indicator. Trying out different combination of indicators to maximise the profit.

After some time of trading then realise that looking at the chart only is definitely not enough to make money from trading. Then I start to look at the news. The reason why I look at the news release is because the price moment will be affected.

A small tips I would like to share is :

Traders shall refer to the economic calender as the data release might impact the price moment. Example, the US will release the Non Farm Payroll (NFP) data on every month at 1st week of Friday and this data might affect the consumer stock.

As a conclusion, short term trading is more technical. The more experience the better will be. I hope all the Moomoo users will make more money from short term trading.