Trading Stop-Losses and The Power Of Compounding
29 May, 2020 | 20:00 - 22:00
Trading Stop-Losses and The Power Of Compounding
29 May, 2020 | 20:00 - 22:00
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Abhishek Daharia
Price Action Trader,
Mr. Abhishek Daharia is a Price action Trader. Trader employing Price Action, Consumer Psychology Theory with Market Structures and Compounding strategies for Intraday Trading.
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Every trader who has done his share of trading has been a victim to stop-loss hunting at some point of time. When we enter a trade, we place our stop loss and we wait for the price to reach the target.
Which it does!! Except for the time when you were already stopped-out before the stock reached your target. The reason behind this is that everyone does the same thing at the same time with the information they have. The classic Herd Mentality in action. Price is the fastest indicator on the chart; however, the key level which the price forms is visible to everyone. So, it's our work to figure out how to make use of the information everyone has and predict their actions beforehand. It has more to do with psychology than absolute value.