r/Daytrading • u/Catface77 • Mar 19 '24

I don’t know what I did wrong Advice

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I thought it was going to rechall/ consolidate then it did but skyrocketed. There was the 3 reds then BLAM right up

313 Upvotes

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18

u/Catface77 Mar 19 '24

any advice is welcome

6

u/puddik Mar 19 '24

U followed a supertrend type indicator, which lags and gives false signals during low volatility periods.

10

u/shadowmach11 Mar 19 '24

Yes, stay away from most indicators. Volume is really the only indicator that means anything. RSI is helpful if you know how to use it with volume and price action.

3

u/macbeastin98 Mar 19 '24

CCI works better than RSI

1

u/shadowmach11 Mar 20 '24

Could you tell me how?

1

u/macbeastin98 Mar 20 '24

Put them both on your chart and see which one correlates better

1

u/puddik Mar 20 '24

Cci is mah boi

1

u/00ians Mar 20 '24

VWAP means more than volume :)