Description
In this video, I explain the fundamentals of O-H-L-C bar charts and how we can use them as a tool for swing trading, day trading, and investing. We explore how these charts apply to options, stocks, cryptocurrencies, and futures by focusing strictly on price action. I demonstrate how to interpret each component—the Open, High, Low, and Close—and how they represent market movements within specific time frames. By analyzing these elements, we can make informed decisions about our future trades and investments. We also observe the real-time formation of O-H-L-C bars using Bitcoin charts and discuss the use of Webull as a charting platform to enhance our trading strategies.
I am transitioning into futures trading through the prop firm trading method. After years of trading options, specifically SPX and index options, recent market changes have made it increasingly difficult to execute trades effectively. Upon consulting with respected traders in my community who...
Published 11/22/24
Today, I encountered a critical error in my day trading practice that underscores the perils of deviating from disciplined strategies. I initiated a trade involving options, which resulted in a $2,000 loss due to a panic-induced decision to sell at the worst possible moment. This mistake was...
Published 11/20/24