If there was any easy money lying around no one would be forcing it into your pocket - Jesse Livermore
Technical analysis is used to determine the trend, when it is changing, when it has changed, when to enter a position, when to exit a position, and when the analysis is wrong and the position must be closed. It’s as simple as that.
In sum, the basic ways to make money using technical methods are
Technical analysis is used to determine the trend, when it is changing, when it has changed, when to enter a position, when to exit a position, and when the analysis is wrong and the position must be closed. It’s as simple as that.
In sum, the basic ways to make money using technical methods are
- “The trend is your friend”—Play the trend.
- Don’t lose—Control capital risk of loss.
- Manage your money—Avoid ruin.
Tape reading is an ART