Learn How To Trade New Highs Using These 4 Steps

Have you ever feared buying a new high? Racing in your thoughts "what if this will crash?"

Maybe one time you tried to buy a new high then "crash" the move didnt work

I remember one time trying to buy AUD/JPY at a new high and then it crashed on me.

It doesnt feel nice to trade New highs because i have done it before.The feeling is called fear of missing out.

But with momentum trading that fear doesnt have to bother you at all.

So the secret is that i look at the stochastic
then i see its in an over bought zone.

But i also use the balance of power showing us bull strength.
Then i combined it with the short squeeze mindset.

Do you remember the short squeeze mindset?

If you want to learn about this mindset check out
the article i wrote on MSFT below

So you have to combine the following steps

1. Short squeeze mindset
   
2. Stochastic overbought zone
   
3. Balance of power
   
4. Rocket booster strategy
   

Its possible for you to do this especially if you are using a simulation trading account.

So open your simulation trading account right
here on trading view and place a buy order with
your preferred margin level.

Remember to use a margin that your risk tolerance can handle
select the amount of capital

you wish to start with and place a buy order.

After that wait for about a week and see what happens.

You don't need real money to test strategies.

Try your strategies with a simulation trading account
its very much possible.

Rocket boost this content to learn more.

Disclaimer:Trading is risky please learn risk management and profit taking strategies and always use a simulation account first before you trade with money.