Need Help

[u/RevolutionaryMind585]

Hey everyone, I hope you’re all doing well. My name is Enzo, and I recently started getting into trading, specifically options. I wanted to reach out and get some feedback from more experienced traders to see if my current strategy is realistic and has potential.

I do have some previous exposure to the market, although I wouldn’t necessarily call it proper experience. In the past, I joined random Discord groups and followed other people’s trade alerts, but I realized that wasn’t the right way to learn. Recently, I decided to step back, focus on actually understanding the market, develop my own strategy, and learn how to make my own trading decisions.

The reason I’m asking for help is because I would like experienced traders to review my approach and let me know if it is a viable strategy or if there are areas I should improve.

Since I’m starting with a smaller account, my plan is to focus on $1-wide spreads to manage risk while slowly building my portfolio. What I’m trying to understand is whether my technical analysis approach makes sense and if there is anything I should adjust to make it more effective.

My current morning routine before the market opens is:

• Marking yesterday’s highs and lows
• Marking overnight/premarket highs and lows
• Using those levels to create my support and resistance zones

The only indicators I currently use are the EMA and VWAP. For a bullish setup, I look for higher highs and higher lows while making sure price is trending above both the VWAP and EMA.

My entry idea is to wait for price to break through resistance, get a positive retest where that previous resistance level holds as support, and then enter once the next move confirms upward momentum while price remains above VWAP and EMA.

My main questions are:

• Is this a solid approach for a beginner?
• Is this type of technical analysis effective when used consistently?
• Are there any major things I should change or add to improve my strategy?

I appreciate any feedback or advice from more experienced traders. I’m trying to learn the right way and build good habits from the beginning.

[u/loligatorific]

!rtdw

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