InvestorQ : Should I as a trader wait for multiple confirmations always?
Arya Nanda made post

Should I as a trader wait for multiple confirmations always?

Answer
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Moii Chavate answered.
2 years ago


Multiple confirmations are a way to reduce your risk. It is not a sure shot method but when you take multiple confirmations, you stand a better probability of getting git right. One trend can be wrong but multiple trends are usually not wrong. That is the argument. As a trader never be in a tearing hurry to get into a trade or get out of a trade. Be patient and wait for multiple confirmations. These multiple confirmations can go a long way in reducing your risk in the markets. The best trades are the ones that you don’t jump into. Think through the trade and only put in your money after you are convinced that there are multiple confirmations to it. That is the moral of the story.