Beware of —when price moves without volume support, it's often a trap set by big players to lure in retail investors.

Floor traders don't use RSI; they use floor pivots. Calculate the daily pivot (P) = (High + Low + Close)/3.

Markets move every day, and missing a massive rally is part of the business. Chasing a stock after it has already jumped 20% increases your risk exponentially. Wait for a valid pullback or move on to the next setup; the market always generates new opportunities. 10. Document Everything in a Trading Journal

Identify the current macro phase before placing a micro trade. Avoid buying assets currently stuck in the markdown phase. 18. Sunday and Monday Analysis Matter Weekend prep dictates your weekly profit potential. Review charts on Sundays when the market is closed.

Most traders use the .382, .50, and .618 retracements. The secret is the level. Institutions often place their limit orders here. If a stock retraces 78.6% of a previous move without breaking the original low/high, it is the most powerful entry zone in the market.

Markets punish the impatient. A false breakout occurs when price spikes above a resistance level, triggering buy stops from retail traders, only to reverse immediately and close below resistance.

Chasing a skyrocketing stock usually results in buying the exact top. Wait for a proper pullback or move to the next setup. Part 2: Strategy and Execution Secrets 6. Trend Following is Easiest Fighting the primary market trend is highly unprofitable. Buy stocks making higher highs and higher lows. Short stocks making lower highs and lower lows. 7. Volume Reveals Smart Money Price movement without high volume is often a trap.

Trading without a stop loss guarantees eventual account liquidation. Determine your exit point before you enter the trade.

An unexamined trading history guarantees repeated mistakes. Log your entry price, exit price, emotional state, and the technical reason for the trade. Review your journal weekly to isolate what is working and eliminate your most frequent errors. 11. Separate Your Ego from the Outcome

Position Size=Account Risk ($)Stop Loss Distance ($)Position Size equals the fraction with numerator Account Risk ($) and denominator Stop Loss Distance ($) end-fraction

: Never fight the primary direction of the market.

The post likely refers to the popular book " 22 Stock Market Trading Secrets