Jasz
VIP Contributor
Trading patterns are a great way to make quick money, but they can be difficult to spot. If you want to learn how to identify these patterns, here are some things to keep in mind:
1. Determine which pattern you're looking for.
2. Is it consistent? Some patterns tend to be consistent; others change with the market's movements.
3. Is the pattern predictable? The correct answer is almost always yes! Just remember that there will be days where nothing happens, so don't get discouraged if nothing's happening today!
4. Does the pattern give you an advantage? There's always a reason why these patterns occur, so if one of them fits your goals perfectly, then go ahead and use it.
In conclusion, If you want to be able to make money trading stocks on a consistent basis, then it's important to know how much volatility there is in the market, both overall and daily, and how much those fluctuations will affect your strategy.
1. Determine which pattern you're looking for.
2. Is it consistent? Some patterns tend to be consistent; others change with the market's movements.
3. Is the pattern predictable? The correct answer is almost always yes! Just remember that there will be days where nothing happens, so don't get discouraged if nothing's happening today!
4. Does the pattern give you an advantage? There's always a reason why these patterns occur, so if one of them fits your goals perfectly, then go ahead and use it.
In conclusion, If you want to be able to make money trading stocks on a consistent basis, then it's important to know how much volatility there is in the market, both overall and daily, and how much those fluctuations will affect your strategy.
