Develop a deep understanding of your setup | stockbee

10/07/2019

Develop a deep understanding of your setup

To make a setup work and extract money from it , you need to have a deep understanding of the setup.

You need to understand the structural tendency the setup is trying to exploit and how robust is that tendency.

You need to understand how the setup works under different market conditions. What kind of tactical changes you need to make to account for the market conditions.

You need o understand several variations of that setups and when to use them.

There is lot more to a setup than ust scan. If you do not understand that then just knowing about the scan is not going to be of much use.

If you have deeper understanding of a setup you will be able to adapt it to your own trading constraints like job or capital or tools available.

Before jumping on any scan or setup spend time taking a deep dive.

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