What is log scale and when should I use it episode artwork

EPISODE · Jun 13, 2024 · 2 MIN

What is log scale and when should I use it

from Market Taker Mentoring · host Dan Passarelli

In this episode, I'm sharing a key tip for reading stock charts. 📈 When stocks like Mind Medicine (Mind Med) have major price swings, reading them in percentage terms can be tricky. Switching to a logarithmic scale makes it easier to see consistent percentage moves and understand the true impact of price changes. Tune in to learn how this trick can enhance your chart analysis! #TradingTips #MindMed #StockMarket #InvestSmart IMPORTANT NOTICE: No representation is being made that the use of use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is a substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading Futures, Options, Forex, and securities is not suitable for everyone. DISCLAIMER: Futures, Options, Securities and currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and and be willing to accept them in order to invest in the markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to buy/sell Futures, Options, Stocks, or Currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 : Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

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What is log scale and when should I use it

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