Basics of Chart reading and drawing support/resistances lines.

5 мар. 2021 г.

Hey guys, I had people ask me how to draw support and resistance lines and also the basics of just reading a stock chart. Always work your way from outside to inside. You want to see the whole picture and not trade in a vacuum. Some people call it supply and demand zone. When I started day trading and swing trading, I started out with drawing out these lines. This is part of technical analysis. Trust me, this is one skill you will want to have and it can be very profitable if you find the right stock ticker to swing trade. I can it rinse and repeat. If you do it right, you can actually make someone's yearly pay check or even yours.

So usually I would record off my Ipad but it makes so much time to edit and upload to facebook. I'll just try this on tradingview and post on Youtube for my friends who are interested in learning the basics. If the quality of this sucks, I will use my iPad next time with cartoon Me and post on YouTube. Posting on FB takes way too long.

Next time, I will go over the basics on how RSI, Simple moving averages (SMA), and Exponential Moving Averages (EMA) works. How to read them on a chart to see if the stock is on an uptrend or downtrend. This will eliminate FOMO.
Enjoy.