This Element is an excerpt from Trade the Trader: Know Your Competition and Find Your Edge for Profitable Trading (9780137067084) by Quint Tatro. Available in print and digital formats.
How to stay one step ahead of the mass of traders who’ve recently discovered basic technical analysis.
With their newfound popularity, you can no longer adhere to only basic technical analysis principles and have utmost confidence they will work. You must think one step ahead of the other traders and consider their moves before they make them. The true edge must now be found in trading these traders who are trading these patterns.