Trading is a business based on probabilities, therefore the key to success in this field is to stack the odds/probabilities in your favor - in simpler terms take high probability trades.
Idea behind this trade : parabolic move upwards
Reasoning: BB bands tightening up- this is generally seen right before an explosive move -
Price is above the ATR indicating a bullish environment
Conclusion: TZA can potentially have a massive move upwards
* I always prioritize excellence in risk management, therefore in every trade you take no matter your level of conviction you must always protect your capital, my favorite forms of risk management is :
1. Hedge
2. Diversification
3. Position sizing
4. Stop loss
Just to name a few
Idea behind this trade : parabolic move upwards
Reasoning: BB bands tightening up- this is generally seen right before an explosive move -
Price is above the ATR indicating a bullish environment
Conclusion: TZA can potentially have a massive move upwards
* I always prioritize excellence in risk management, therefore in every trade you take no matter your level of conviction you must always protect your capital, my favorite forms of risk management is :
1. Hedge
2. Diversification
3. Position sizing
4. Stop loss
Just to name a few