Not every chart needs a trade. Sometimes the job is simply to identify where the risk/reward starts becoming interesting. While screening for potential shorting opportunities, I came across this setup. The idea was to combine market structure + liquidity + imbalance + trend rather than short simply because price was falling. 🔍 What caught my attention? 1️⃣ Bearish structure Price had already experienced a strong decline and was trading below a downward-sloping moving average. That suggested that the broader momentum was still favouring sellers. 2️⃣ Equal High = liquidity above The Equal High marked on the chart is an area I would watch closely. Rather than assuming resistance will hold, I look at clustered highs as a potential area of buy-side liquidity. A move toward or through that area can become important when assessing a potential reversal. 3️⃣ IFVG — potential resistance The purple Inverse Fair Value Gap (IFVG) becomes the key area I'm watching. If price retraces into this z...
Dispelling Myths About Day Trading: Separating Fact from Fiction - Part 1
Day Trading
As with any industry,day trading is subject to a variety of myths and misconceptions that can cloud people's judgement and lead them to make poor decisions.
While some of these myths have been debunked over time, there are still more to come.
👉One of the persistent myths about day trading is that it is a scam created by stock promoters to trick unsuspecting investors into buying overpriced stocks.
👉This simply isn't true, as day trading is a legitimate investment strategy that requires proper planning, discipline, and knowledge to be successful.
👉Another common misconception about day trading is that it is an easy way to make a quick buck. In reality, day trading is a complex investment strategy that requires years of practice, education, and experience to master.
👉Despite these and other myths being disproven, it is likely that new misconceptions will continue to arise around the day trading industry.
👉As such, it is important for investors to stay informed, do their research, and approach day trading with a healthy dose of skepticism.
👉By separating fact from fiction and staying aware of the potential risks and rewards, investors can make informed decisions about whether day trading is the right investment strategy for them.