[How to use trading indicators like a pro] You don’t want to have multiple indicators from the same category because they are correlated and doesn’t provide any new information. That’s like trying to get your wife pregnant in one month by “firing” incessantly. It doesn’t work. And it’s the same for trading. So, the rule of thumb is this: Have only one indicator for each purpose. I’ll explain… If you want to trail your stop loss, you can use either the Moving Average or Chandelier Exit — but not both. Or if you want to time your entry, you can use either the RSI indicator or Stochastic, but not two together because they have the same purpose. Does it make sense? 13.2K views01:01
