Page 298 - THE MARKET WHISPERER
P. 298
294 PART 10 - Winning Trades
chapter, you’ll be sorry that you didn’t read it just a short while earlier.
The earlier you begin to analyze and internalize, based on your experience,
the more you will reduce losses and begin to see a dramatic boost in your
chances of surviving as a trader. That’s enough of my emotional input for
now. Back to business…
Integrating Tools
We have learned why we need to trade with the trend, the meaning of the
important trading indicators, and what to be careful of, but does that now
imply that we can find any stock trending up and buy it? Can we enter the
stock at any moment while it is trending up and the indicators support
continued uptrend?
No!
The market direction and use of indicators are important components,
and even critical to success, but they are not enough. To succeed, we need
to choose the right stocks under the right market conditions, and most
important, at the right points!
You need to know when to click the button and when to get out. The
purpose of this chapter is to integrate these tools, trends, indicators, and
most vital of all, entry points.
Remember! The right entry point is responsible for 80% of your trade’s
success.
