REVERSAL TRADE
Apr 22, 2022U.S. stocks continues to head lower with missed corporate earnings and as investors continued to weigh hawkish comments on interest rates by federal reserve chairman Jerome Powell.
One of the advantages of being a day trader is: we can make money at any type of market conditions. Bad news, good news or no news. As long as we pick the right stocks, have a solid strategy, firm risk management and sound psychology.
While swing traders and investors are badly affected with the current news, day traders are capitalizing on this volatile market. For this reason, it is very important to master several day trading strategies that can be applied on whatever market is thrown at us. One strategy that we should have in our day trading arsenal is the reversal trade strategy.
Reversal trade is an advance strategy since this strategy includes entering a trade against the trend. Reversal trade if entered prematurely can be very costly but with the right education and practice this strategy can be learned.
Learn reversal trade strategy to attain consistency in trading by signing up in our day trading unlocked course.
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