In this video, I break down support and resistance and why it’s important for you to know about.
Support shows price areas where buyers step up and keep the price from falling below. Resistance is the area where sellers apply a lot of pressure to keep the price from going above. Knowing how to mark these levels on your charts can help you identify good entry points for your trades!
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#stockmarket #personalfinance
0:00 Intro
0:38 Three Types of Analysis
1:55 What is Support & Resistance?
2:36 How to Find It
5:25 Trendlines
6:59 S/R Flip
7:51 Fakeouts
8:20 Patience & Practice
9:41 FInal Thoughts
source
support this channel by hitting the thumbs up button on this video! get it? support because… never mind.
Could you make a more I'm depth video regarding specifics to look out for and such
Stop loss hunt huh? I finally have a name.
That happened to me 3x with NVAX back in April, it was the first time I removed a stop loss from a stock, I remember being terrified lol. But I trusted in my DD and stuck with it, rode it up 1300%.
Man, I am one of those YouTube watchers that never hits the like button. In watching YouTube for over a decade, I have probably clicked it in single digit numbers. I think I follow more channels then have given likes. You my friend, are getting a like. I already followed you. Awesome information presented in a great way. You make it understandable to the layman.
As someone who is just exploring trading and all of the technical analysis, this particular video has just lifted the fog on charts (a bit!). Thanks Daniel keep up this content.
Amazing! Never thought I'd be finish watching this video!
The perception of income generation through stock investments is peaking rapidly and markets have experienced a massive inflow of would-be trade investors but due to the complexity of the market, losses are incurred due to poor leveraging, the aim of appreciation is defeated and this is no better than gambling. Making good investments is actually a skill that takes most people many years to learn. Courses and forums might not do you much good, even the pros learn every day. My advice, find a mentor and also consider diversification because it actually helps in loss reduction. My stock investments accrues a lot weekly courtesy of my mentor. Hope someone else finds this info useful to mitigate risk!. You can equally contact the brains behind my success and amazing strategies. [ BrentChristopher352@gamilcom]
Man, I bought so many courses and never really got this, this video is more clear about it than any paid course i've had.
Please do more videos like this, I get that you post other ppl's channels that explain stuff but your explanation is different you break it down in a different way, which makes it very easy to understand. And also your vibe is just great.
i love your videos i love the quality i love your personality please keep it up and you are going to become huge
i love you
Are department stores dead?
The GME explosion brought me here after having a bit of interest in the stock market and now I'm not only a massive fan of the channel, but also far more interested in the market as a whole, and not just the GME boom. Easy subscription, and thank you so much for being a knowledgeable and well-spoken entry to the world of trading.
Solid vid🙏
You got a subscriber…good job Daniel..👍
Hey, could you make a video of app or site review that works in EU?
Great content lad!
is anyone in a discord chat that discusses the stock market? Trying to surround myself with money motivated people
I think I finally found a genuine real time mentor. Subscribed
Great videos you make about trading! With every thing that oyu know and learn us, can you live off trading? if not, why?
Noice
whats the discord
Thank you, this was very informative. I just started out with stocks 🙂
Found this one of the most helpful to date! Thanks
Hey Daniel, I am very new to stock trading, and was wondering if you would recommend any books/ videos that you think are great for learning? Btw loving the content!❤️keep it up!
you definitely wanna do some good research before you start investing in the stock market!
I didn’t know you also do this aside from photography that’s dope !
Check your bank account before doing this
Great video exactly what I needed to learn.
This is a great video to use for gambling, not for investing.
Thank you so much for making this as someone who’s trying to better themselves financial this was a huge help! 🙏🏿 i love your video man just know u will always have a subscriber with me!
Hey Daniel,
idk if you're doing this type of videos because it is your business or because you really believe in this.
Just in case you do really believe in technical analysis you might need to hear this:
This psychological approach may have worked back in 80's. Nowadays there are computers trading the stock market. It does not work. It may seem like you're it works since you're looking for patterns and you're finding them. But our brain does this with everything, if you look for patterns you'll find them.
Furthermore to do it correctly, you would at least need to use a mathematical model, drawing trendlines and squares on a chart does not provide the same value as any complex mathematical model.
I'm just a random guy in your comment section. So don't listen to me, listen do Warren Buffet.
He has a great interview where he talks about technical analysis. The video is called:
W
arren Buffet: Just looking at the price is not investing¦ CNBC
I guess my message is: Just know you are gambling and don't fool yourself thinking you're investing/trading
I came for Mango Street, I stayed for Technical Analysis
ADHD really kicking in audio is just slightly off 😅
Good video!
This was great! More tradeview tutorials 🙂 !!!
HELLO, good video!😺😽
Please make a video on print on demand and Cryptocurrency💹
Would it be possible…?
Telling me to do research!? How dare you.
Yes, this is the video. 💪 💵
Great infomation and tutorial, but I think people need to make a distinction between trading and investing, the former of which this video is much more relevant to, in my opinion! In investing for the very long term, oftentimes major catalysts are completely unexpected, and thus there really isn't a "best" entry point as you alluded to in the video that one can predict. And that's why experienced investors do dollar-cost averaging!
Thanks for your well made video, By the way, ADBE is a great stock and great company. What i like about support and resistance is, they are the only indicators that extend to the right side of the chart…
What next, reading WallstreetBets doesn't count as doing DD? 🙄😂
How did you do the animations mate?
lol i thought he was gonna say..
don't buy stocks
Hello! Check the email (and spam) with a letter of cooperation (Gglot)
I enjoy your work. Good stuff.