Post
Topic
Board Trading Discussion
Re: Day Trading Bull Flag Patterns
by
jeraldskie11
on 13/07/2023, 16:13:47 UTC

I'm interested in day trading but I am still not so experienced so I am having a hard time to understand the indicators for the entry and exit points. Especially, the chart patterns. Many pages, like this one https://www.warriortrading.com/momentum-day-trading-strategy/#toc4, say that bull flag pattern indicates a good time for the entry.  But I haven't come across any practical advice on how to interpret the chart patterns. Are there any decent cheat sheets or videos you guys have for chart patterns?
If you are new to trading, you should start with spot trading or swing trading if you wish to use leverage. You cannot be a day trader for the first time because it is difficult and not recommended for newbies. Many beginners lose money when they day trade, which is why I advise you to avoid this type of trading. I understand that you want to be profitable as soon as possible, but forcing ourselves to trade will only serve as an obstacle to our life goals. You must be patient and stick to your trading plan no matter what. And if you notice that you're profitable, that's when you should start day trading.