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Daytrade

Look for support and resistance lines to help with daytradesI'm looking for a DT entry here on AMD but instead of entering prematurely and hoping it goes up, I'm waiting for bullish confirmation that will happen if bulls reclaim the resistance and use it as support. Meaning, it should shoot above resistance, then dip down to that line as SUPPORT. That would be my ideal entry. Watch to see what happens here. Good learning experience even if you are not in the trade. You are welcome to use volume and moving averages to assist you with your entries. NASDAQ:AMD
NASDAQ:AMDEducation
by kingdips
Day Trading vs Mid-term investments Day Trading 🌪️📉📈 Day trading involves buying and selling financial assets within the same trading day. Traders constantly monitor the market, aiming to capitalize on short-term price movements. 🕒⏰ 👍 Pros: Potential for quick profits with multiple trades in a single day. High adrenaline rush and excitement from rapid decision-making. 👎 Cons: Requires constant attention, often leading to stress and emotional fatigue. 😓 High risk due to rapid market fluctuations and trading fees. Mid-Long Term Investments 🚀📈📉 Mid-long term investments, on the other hand, involve holding assets for an extended period, ranging from several months to years. Investors focus on the asset's overall growth potential and fundamental value. 📈💹 👍 Pros: Lower stress and emotional strain as you have time to analyze and make informed decisions. 🧘‍♂️📊 Potential for significant returns through long-term market trends. 📈📈 👎 Cons: Limited excitement in comparison to day trading, as it requires patience and discipline. Requires a solid understanding of market fundamentals and long-term trends. Why the Second Option Is Better Emotionally 😌 While day trading can be thrilling, it often comes with high stress and emotional tolls. The constant pressure to make quick decisions and the fear of missing out (FOMO) can lead to impulsive actions and losses. 😫 In contrast, mid-long term investments provide emotional stability. H aving a long-term vision allows you to detach from short-term market fluctuations and focus on the bigger picture. This patience and emotional balance can lead to more thoughtful investment decisions and better overall returns. 😊 Remember, successful investing is not a sprint but a marathon . So, consider the emotional benefits of mid-long term investments, and you'll find yourself on a calmer, more fulfilling financial journey. 🏃‍♂️🚀
Education
by Yaroslav_Krasko