stock trade secret
stock trade secret
To succeed in trading stocks, you need an edge. You must have a market advantage. If you do not have this advantage on the market, you're dead financially. You suck trade.
The good news is that the triangle pattern can be an advantage. It gives you the power to know when the market is about to take a step.
A triangle pattern is exactly that. It resembles a triangle with the point directed toward the edge right of the graph. This shows that volatility is drying. And what is good for you, because volatility is not going away. There must be some volatility. It should not be just a little.
So you know that the market is broken on either side of the triangle soon. Yes, soon. I do not know if the market is up or crash. And it does not bother me. What concerns you is that we now know that the market will make a move.
You you can place limit orders on both sides of the triangle and be ready to be put into the market. So it's only a matter of put your stop at the "center" of the triangle and its last stop as far as I can.
It's a simple thing, really.
Of course there are saws whip. There will, no matter what you trade. It is not 100% effective method of trading, and the good news is there needs to be.
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