Four Steps to Increase Your Odds of Winning Trades!

One of the biggest headaches for many investors: is the inability to effectively determine the trend and the fear of selling at a high point.

At this time, technical analysis can often come in handy to help us make some identification. Today Cici will teach you guys a method: through four steps to identify potential entry time, ride the stock take-off stage.

Four Steps to Increase Your Odds of Winning Trades!

1. Identify an uptrend by using moving averages

2. Wait for the stock to retrace to the S/R zone

3. Use fibonacci to mark the area of possible reversals

4. Wait for candlesticks confirmation and set a stop-loss point

Combining these four steps makes up a strategy for opening a position.

However, it is important to note that no trading strategy can guarantee success, so setting a stop-loss point is necessary. Additionally, combining additional technical analysis tools could further help us make well-informed trading decisions.

If you are interested in learning more about other technical indicators welcome to study our course “Trading Tutorials-Techinical Indicators”!

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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more

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Invest With Cici OP : Will you try to use these four steps to increase your odds of winning trades? Feel free to share your thoughts in the comments section!

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Asphen : I go with simply the MA5 and MA20 movements

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Invest With Cici OP Asphen : Haha, can try to combine it with other technical analysis tools

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Asphen Invest With Cici OP : of course... haha

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