If you are are not aware of these 4 indicators then YOU are learning TRADING the wrong way !

2nd one is the penultimate of all 🧵

Remember these are reference indicators and should be used as added confirmation only and only with price and volume.

Summary/:
1. RSI
2. 200DMA
3. 21 EMA
4. Pivots
5. AVWAP

Pre summary :
1/What is the indicator
2/Uses of indicator
3/Disadvantages of indicator
4/Optimal use of indicator

The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

1. Change in price momentum.
RSI is mainly used to gauge momentum of a trend.

Anything above RSI 60 is bullish and below 40 is bearish.

Give me 3 minutes and I’ll save you hours of wasted time this week:

Hack your dopamine.

When you get work done, reward yourself:

- Enjoy a snack
- Go on social media
- Play your favorite video game

This will trigger your dopamine and make your brain associate positive feelings with work.

Eliminate distractions.

Distractions can destroy focus:

• Turn off notifications
• Save social media for after deep work
• If you have an iPhone, turn on Focus Mode in the settings

There are unlimited distractions and limited focus.

Protect yours.

Prioritize.

Not all tasks are equal.

Some tasks are busy work, others are productive work.

1. Grab a pen and paper
2. List out the lever-moving tasks
3. Work on those, ignore the rest

What you work on is more important than how you work.

Plan your day.

1. Determine the tasks that move the needle
2. Schedule them into your day
3. Block out everything else

Softwares you can use to help with this:

• Todoist
• TickTick
• Things 3
• Google Calendar

Use tech, don't let it use you.