While this chart is very safe, because the NEO argument is thick, you really need to look a little bigger picture.. You need a chart with 2 months of data to find those bases and figure out what an average drop looks like. The highest odds are when there is a panic below a base that you have calculated from looking over the past panics...
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Luc, thank you so much for all your help. It´s probably hard for you to fathom of how much help you have been to. My question to you is how many position trades do you think you could catch if you spent most of your day trading? What is a realistic number for two somewhat novices that are passionate for more!
there are times when there will be more than you can handle, because often everything in the market drops at the same time.. and there there will be days when there are only a few trades availible.. There really is no way to get a regular steady supply.. but eventually when you have a big enough account, none of that will matter, because you will make so much on a few trades that its well worth your down time.
Hey Luc can you share some details on account building strategies? What are your 3 favorite?