oyuvafizoffug
05-10-2016,
Greetings traders and investors, I have been working on learning to read chart technicals and recognize chart patterns to spot stocks most likely to move and get in before the big move. There is a plethora of information to be found on line if you are inspired to educate yourself on the subject. A good charting software is a must to get a clear picture of the technicals, draw trend, support, resistance and chart pattern lines. Along with learning to use this knowledge you must also learn discipline in trading, when to enter or exit a trade. Make rules for each trade, If a stock has already made a big move don’t chase, there are and will be other opportunities. Once you have entered the trade you must make some rules based on the technical factors that prompted you to enter the trade. If a stock is finding support it must close above the support line. If it is breaking resistance it must stay above the resistance line. A trade based on a trend line or moving average bounce may not respond as you expected, so you have to decide what factors will prompt you to exit the trade. You only have to be right more than half the time and don't let your losses get too big and you will do well over the long run.