Day Trading Software For Beginners, How to draw Support and Resistance Lines – Indicators, Earnings Gap (Day Trading Beginners $ROKU) – Day Trading Secrets.

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How to draw support and resistance lines for day trading beginners using Thinkorswim platform? In this video I’ll be going over a simple 3 STEP process for drawing support and resistance lines on $ROKU stock. And setting indicators for intraday trading.

🔽Time stamps:
1:24 Importance of volume breakouts on $ROKU
2:48 Drawing out visual daily gaps, earnings gaps
4:38 Adjust support and resistance price levels to touch multiple times in the past
6:03 Setting up EMA indicators in Thinkorswim

Videos mentioned:
How To Find Support And Resistance Levels (Easily) – Forex trading

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How to draw support and resistance lines (Technical analysis for beginners ):

1. Start with daily chart (the levels are the strongest).
2. Adjust lines to land on major volume breakouts and breakdowns
3. Draw lines on visual daily gaps
4. Adjust each stock price level to touch at least 3 areas on the chart.
5. Double check the lines on the weekly chart (especially if you were swing trading for more than 2 days)

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How to draw Support and Resistance Lines - Indicators, Earnings Gap (Day Trading Beginners $ROKU), Day Trading Software For Beginners

Day Trading Secrets How to draw Support and Resistance Lines – Indicators, Earnings Gap (Day Trading Beginners $ROKU).

Get Popular info Explaining Day Trading Secrets.

Pros and also Drawbacks of Day Trading

One of the most substantial benefit of day trading is that placements are not affected by the possibility of unfavorable overnight news that has the potential to influence the cost of safeties materially. Such news includes vital economic and also profits reports, in addition to broker upgrades and also downgrades that happen either prior to the market opens or after the market shuts.

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