More excellent advice . Lots of good advice tonight . Love the advice for entries Jnnl. I always jump the queue, (both with buying and selling) for fear of missing out , but it is usually the wrong move. Even though the sell side is very light, and the buy side is heavy , the share price normally goes down to fulfill the buys . I will have to have to give waiting in the lines a try. So you want to be waiting in the same queue as the accumulator ? It gets a bit more dangerous at the top when you are selling - I always try to sell a pip or two before the big player's sell order , as you don't want to get stuck at the top . I have been left holding at the top a few times - by just a pip.
I think if you are going to make more than pips , you have to earn the right to, by learning the chart rules that support the bigger rises. The bigger rises will always involve pullbacks. If there weren't pullbacks the big player would have too much competition at the top to sell .
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- Day Trader’s Aftermarket Lounge 4 June 2020
Day Trader’s Aftermarket Lounge 4 June 2020, page-64
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