Stock Market Support and Resistance…Should You Use Them?

From time to time, I get asked about support and resistance, where and how I draw and incorporate support and resistance lines in my day trading? In this video, I talk about why You don’t see support and resistance lines on my chart. Something, that I believe, traders should concentrate and focus more on is the game of money management. Money management, along with the trading psychology, is more important than figuring out a better, a more precise way to enter trades. Technical analysis really only truly works in hindsight which means support and resistance becomes very subjective. I am after becoming one of the most objective day traders out there.

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