Floor traders don't use RSI; they use floor pivots. Calculate the daily pivot (P) = (High + Low + Close)/3.
The difference between the Bid and Ask (the spread) is not free. For low-float penny stocks, the spread might be 5-10%. You need the stock to move 10% just to break even. Only trade stocks with a spread less than 0.5% of the share price. 22 stock market trading secrets pdf
Beginners often obsess over making money, which leads to emotional errors. Professionals treat profit as a byproduct of a well-executed process.. Floor traders don't use RSI; they use floor pivots
" by , which outlines practical strategies for gaining a trading edge. Additionally, a widely circulated "22 Strategies" list by csc.mummetro focuses on technical setups like liquidity runs and trend continuation. Ashu Dutt’s 22 Trading Secrets For low-float penny stocks, the spread might be 5-10%
: Be enormously patient with winning trades (letting them run) and enormously impatient with losing trades (cutting them fast). The Leverage Trap