Is there any reason that a new trader couldn't just set up buy and sell orders at the levels that you mention in the videos and be good to go?
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Is there any reason that a new trader couldn't just set up buy and sell orders at the levels that you mention in the videos and be good to go?
ABSOLUTELY! This is perfect to do in case the panic drop happens really fast you don't miss it. Very important however, that you set an alarm to let you know exactly when your order was bought because it would be unfortunate to miss the bounce and it keeps falling after. I learned the hard way!
Same question, why can't I just set up Buy Stops?
I don't think you can sell something what you don't have yet. 1st you need to buy it and then you can set sell option.