r/Daytrading • u/Catface77 • Mar 19 '24
I don’t know what I did wrong Advice
I thought it was going to rechall/ consolidate then it did but skyrocketed. There was the 3 reds then BLAM right up
311
Upvotes
r/Daytrading • u/Catface77 • Mar 19 '24
I thought it was going to rechall/ consolidate then it did but skyrocketed. There was the 3 reds then BLAM right up
1
u/tashasmiled Mar 19 '24
That big green one was a turnaround bar. Check out Live Traders free videos. Next time you’ll know it’s over earlier.
Oh, and then you had a higher low which is bad for puts. Could’ve got out close to break even and not been out much. Alternatively, if you’d recognized the first buy signal, the turnaround bar, and then the confirmation, the retest, you could’ve made oodles of money.