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I know that tape and pivot levels are important things to look at, and volume etc... but I guess that's what I'm really wondering, is what other 'clues' do you guys keep on your radar to feel comfortable enough to pull the trigger when it's time? I mean I often second guess myself in stocks when I reach a S/R level, because things look like will bounce off and just when you think you confirmed the move it changes.. how can you really 'know'? At the end of the day I think the only real advice one can offer to a newbie is to learn money management above all else.. because there is definitely a gambling element to this, but I would like to hear more from veteran future traders. I'm eager to learn as always...
Oh, if you guys could point a newb to some "can't skip" reading material, I would appreciate it! |
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unleashed - there's no such thing as 'clues' that work for all traders, all the time. I personally like candlestick analysis and would recommend books by
Steve Nison. Others would recommend a variety of things and no one is right or wrong. That's part of the learning process - finding what works for you.