RSI is the easiest and the most simple to read indicator in lifetime.
When RSI is approaching a 70-80 zone, you have to be extremely aware of shorting opportunities.
If market was an electric water heater , you should understand, that it can't go higher of boiling temperature or it will explode.
Anyway outcome is a drop and if RSI reached 80 , drop will be significant.
When RSI drops to 30-40 levels it's perfect time to take profit , preferably by using deversified take profit stops.
This is the most safest trading opportunity for anyone just because it can't go wrong.
Try to practice by scrolling Top 100 stocks.
Keep in mind - Drop in SPX index means significant drop in stocks across the board. There have to be perfect opportunities
besides SPX top 20 list for sure.
Never Trade on Amount of Money That You Don't Feel Comfortable too Loose.
Take It As A "SAFE" gambling only. Always use EXTRA margin , just to sleep well :)
It should be for fun , other wise you should not trade ever.
Investing and Trading are different things. Please understand that fundamentally.
This is a technical lesson / mentorship , not a financial advice of any kind.
When RSI is approaching a 70-80 zone, you have to be extremely aware of shorting opportunities.
If market was an electric water heater , you should understand, that it can't go higher of boiling temperature or it will explode.
Anyway outcome is a drop and if RSI reached 80 , drop will be significant.
When RSI drops to 30-40 levels it's perfect time to take profit , preferably by using deversified take profit stops.
This is the most safest trading opportunity for anyone just because it can't go wrong.
Try to practice by scrolling Top 100 stocks.
Keep in mind - Drop in SPX index means significant drop in stocks across the board. There have to be perfect opportunities
besides SPX top 20 list for sure.
Never Trade on Amount of Money That You Don't Feel Comfortable too Loose.
Take It As A "SAFE" gambling only. Always use EXTRA margin , just to sleep well :)
It should be for fun , other wise you should not trade ever.
Investing and Trading are different things. Please understand that fundamentally.
This is a technical lesson / mentorship , not a financial advice of any kind.