The Power of Support and Resistance

The Power of Support and Resistance
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Chapters
0:00 Intro
0:20 What is Support?
0:34 Explanation of support using a daily chart of Realty Income (O) & Tesla (TSLA).
2:24 How moving averages can serve as dynamic support and resistance levels.
3:34 Choosing the right time frame for your trading style (day trading, swing trading, long-term investing).
4:38 What is Resistance?
4:54 Explanation of resistance with examples from the daily charts of Realty Income (O) and Tesla (TSLA).
7:38 How to use support and resistance to make better trading decisions.
8:13 Optimal buy and sell points based on support and resistance using Realty Income and Tesla
11:11 Real-life example of Royal Bank of Canada (RY) breaking through resistance and finding new support.
11:38 How to use volume and price action to confirm breakouts and breakdowns.
12:40 How to recognize when you are wrong and manage your trades to minimize losses.
14:09 Ideal buy points or points to sell cash-secured put options example using Realty Income (O)..

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In this video, I'll show you what support and resistance are and how you can use these critical concepts to greatly improve your stock and options trading.

By understanding and applying support and resistance in your trading strategy, you can significantly improve your chances of success. These techniques help you identify high-probability entry and exit points, manage risk more effectively, and ultimately make more informed trading decisions.

Happy investing!
Randy Perez

#stocktrading #stockmarket #technicalanalysis

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Disclaimer: I am not a financial planner and am not offering investment advice. This is an opinion channel only and should not be taken as any form of financial advice. The ideas and strategies that I discuss should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional. There are financial risks involved in taking on any monetary transaction that I discuss in my videos. I may receive a small commission from the purchase of any item from using the links listed above.

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#My_Life_of_Learning #Randy_Perez #How_to_trade_with_support_and_resistance #Technical_analysis_basics #Daily_chart_analysis #Moving_averages_in_trading #Identifying_support_levels #Identifying_resistance_levels #Using_charts_for_trading #Selling_at_resistance #Stock_market_trading_tips #Advanced_trading_techniques #Risk_management_in_trading #Analyzing_stock_trends #Support_and_resistance_explained #Understanding_Support_and_Resistance #Support_and_Resistance

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