Question 25—Pinning a Chart to a Wall
Answer 4 Selection “Keeping charts on a wall ensures that you will act when the time is right” is incorrect.
Printing out a chart and marking up the signals that will prompt you to act is an effective way of monitoring your trading ideas. Seeing those charts whenever you approach your desk provides a powerful reminder of your plans. The bulletin board needs to be periodically purged, to prevent it from turning into an archive of old ideas. Still, no system, no matter how logical, will force you to act—only you can supply the motivation.
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