Trade What You See: How To Profit from Pattern Recognition by Larry Pesavento, Leslie Jouflas

Trade What You See: How To Profit from Pattern Recognition



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Trade What You See: How To Profit from Pattern Recognition Larry Pesavento, Leslie Jouflas ebook
Page: 211
Format: pdf
ISBN: 2007034476, 9780470106761
Publisher: Wiley


The game of Making Money is a very competitive If you had the data you would see that most likely you are not seeing any kind of pattern at all, but rather your eyes are just attracted to creating recognizable shapes. The day trader needs volatility in order to make a profit. The Lure of Pattern Recognition (Be Very Careful). So, since As you see a confirming pattern, you can trade qqqq either short or long. It makes you feel comfortable and says, "Hey I know what is going on right now. Everyone who is in the market is looking to do the same thing, make money. Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders and educators of traders, who have consistently used pattern recognition to capture profits from the markets. Day trading qqqq - the good and the bad. The bigger the movement, the larger the opportunity for making a profit. Since the volume of traded shares is large, the movement of the stock is more uniform, providing easier pattern recognition for the new day trader. Institutions and hedge funds call this "alpha".