How to use pivot point in trading

What are pivot points? How can you use support and resistance levels within a pivot point Indicator? What types of pivot points are there? How do you use pivot points? 





Comments

Post a Comment

Popular posts from this blog

Exploring the Current Trends in the S&P500: Microsoft and Tesla Stand Out

I browsed through Finviz today and noticed that there are only two pages of S&P500 stocks with buy signals. This caught my attention because it means that most of the stocks in the index are performing well. However, I noticed that there are a couple of exceptions to this trend. First, there's Microsoft (MSFT). The stock is currently trading at $226 per share. It's definitely one to keep an eye on. [DONE] Then there's Tesla (TSLA). This stock is trading at $117 per share. It's definitely worth considering as a potential investment. Overall, it seems like the market is doing well, with only a few exceptions. As a rookie investor, it's always important to keep track of the trends and do your own research before making any decisions.  ~ The Rookie Trader Rookie Stock Trading Strategy - Jan 2023  
Read more

How to invest in Ethereum in Singapore - Opening a CoinBase Account

Image
I have been researching.  Every article points to Coinbase.  So let's go to Coinbase.com .  I'm doing this on my phone.  Let's get started with my Gmail. Entered my name and Gmail. Verified the application via email. Entered my phone number for the OTP. Entered my country, address, and birthday. Finally, my occupation and my ID images.  I can't log in before my ID is verified.  How long does it take to verify my ID? 6 minutes. I'm in. So there are 2 more steps. Add a payment method and Buy Crypto. I can earn free crypto too... "Invite a friend to Coinbase and you’ll both receive SGD 13.39 in free Bitcoin when they buy or sell their first SGD 133.94 on Coinbase!" Click this link to join Coinbase... https://www.coinbase.com/join/lee_ulp5 I have only one choice of payment method. Debit or credit card. There is a buying fee of 3.99% for Singapore.  I entered my credit card details. Oops! "Your credit card provider has disabled cryptocurrency purc...
Read more

Do Traders Make More Money Than Investors

Trading has come to a grinding halt. All my disposable capital is stuck in a market that is not moving up. I can't even buy anymore when they are down. I just have to sit and wait for the day COVID-19 vaccine is available.  That's when the market will shoot up. Now I know why traders cut losses. So I guess I am not a trader but an investor. A long term investor... 12-year investor to be exact. The financial crisis seems to come every 12 years.  I don't have much of 12 years left ahead of me. It's time to become a trader. So... Do Traders Make More Money Than Investors? Basically, both will make as much money. The trader makes the money faster, maybe in minutes, but more stressful. They buy to sell. They cut losses. The investor makes the money slower,  up to decades, but more relaxed. They buy to hold. They hold losses and hope. Source:  https://www.quora.com/Who-makes-more-money-traders-or-investors Adrian's Journal The rookie trader
Read more