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I used the first method, set a price and once reached, be happy...

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Megane

307 Posts.

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19/01/19

10:20

Post #: 37162665
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Originally posted by espiaz: ↑

no worries, also there's this book:
charting secrets by louise bedford, cover candlesticks and patterns, easy read with practical examples. it was about $30 a few years ago.
about the kgn exit: picking an entry always seems easier than an exit, I'm still working on that but to make things easier there seem to be two ways about it: First set a target price and exit when it's reached, second use an indicator and price, for example: when the shorter ema crosses down on the longer ema (5ema crosses under 10 ema) or when the price closes under the ema that has been acting as support, this will always be different on each time frame.
What's really important is to work out an strategy that works for your style of trading and to follow it, good luck!

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I used the first method, set a price and once reached, be happy with your profit and move on to the next stock. Works all the the time. Greed is the main reason for loses in the stock market.
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