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RE: Daytrading vrs Position Trading, which will make you more money?
I don't think anyone else trades/teaches this method, I only watch and read whatever luc gets out. I think the main idea about this method relies on people panic selling after a drop, people expect the price to bounce as it did last time, the bigger the bounce, the more reliable the return to it. While in traditional supports, I think the repetition of bounce rather than its size plays a larger role.
Thank you for answering basic questions like this for me.. very helpful, thank you :)