In this episode, Brian discusses the Average Daily Range. (ADR), a crucial concept for swing traders. He explains what ADR is, how it is calculated , and its significance in swing trading strategies. This episode covers how ADR can help traders set realistic price targets, manage risk, and improve timing for entries and exits.
What you will learn in this episode:
ADR measures the average daily movement of a stock’s price over a set number of days.
Understanding ADR helps set realistic profit targets and stop losses.
Risk management is critical to long term trading success and ADR aids in position sizing.
Using ADR can improve timing for entries and exits in trades.
It’s important to adjust expectations based on market volatility and ADR changes.
A common mistake includes focusing solely on ADR and ignoring broader market trends.
If you have a question or topic you want discussed on the podcast, email Brian at brian.montes@icloud. com
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