Situational Awareness (SA) can save you money

As a swing trader you should be constantly reassessing the situations around you. The objective is to find favorable periods and avoid unfavorable periods. Or change your tactics based on how the market conditions are likely to be in next 3 to 5 days.Situational Awareness (SA) helps you avoid stupid mistakes or avoid big drawdowns. You are constantly scanning the environment for danger signal or favorable periods.This is inherent part of being a swing trader. Even day traders need situational awareness as market behaves different in different situation. A conscious effort at developing SA will pay you life time dividend.Breadth is one of the tools that helps you develop SA as it can warn about possible dangers or turns. For example when number of stocks up…


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