9. Know the latent and leading indicators.
Price action is one of the leading indicators. It helps you see the current positioning and movement of the stock in the market. On the other hand, indicators like moving average, triple moving average, or RSI, EFI, MFI, Fib, etc., are latent indicators.
These after the price action has taken place. Latent indicators are best when you want to hold onto a stock long-term.
These help you get ahead of the pattern or wave of a stock while the price action movements of the stock help you make bigger profits through scalping.
Scalping is when you purchase and sell equity stocks within the same day, hour, or minute. Such a strategy offers quick cash with a higher profit margin but is equally risky.
If you do not want to risk, you can go for other strategies like:
