The Elliott Wave theory is a theory in technical analysis used to describe price movements in the financial market. The theory was developed by Ralph Nelson Elliott after he observed and identified recurring, fractal wave patterns. This is an advanced technical theory, and should only be studied when you have a strong grasp of the basice.

Stop Losses are designed to protect you. They are not something you want to avoid, or fear. A stop loss is a part of your trading plan, just as a much as an entry or profit target is

Volume Profile tell you at which price the most volume is being generate. This gives you clues as to where big traders are building positions, and what levels they are likely to defend.

Without risk management, there is no trading system in the world that will function. Without it, it's only a matter of time before you blow up a trading account. This is one of the hardest aspects of trading to grasp. Disciplined risk management is will be the most important part of any profitable strategy. The following two videos should help illuminate your perspective on risk management