Traders often talk about support and resistance — typical concepts you'll find in any technical analysis book.<\/p>\n
But how do you actually turn support and resistance into a trading profit? Or into the avoidance of a loss?<\/p>\n
In this extended video (adapted from a Strategic Day Trader coaching session), top professional trader Sami Abusaad takes you inside his process for drawing support and resistance.<\/p>\n
And more importantly, he takes you inside the mental tricks you can play on yourself while analyzing support and resistance.<\/p>\n
The tricky think about trading is that you tend to get exactly what you try to avoid the most — like giving back profits.<\/p>\n
This lesson, which combines technical analysis and psychology, will help you understand where traders are most likely to go wrong when managing charts based on price action.<\/p>\n