Chapter 12: Show me the money!
In this chapter, you will learn that:
• It is essential to articulate your exact entry and exit signals in specific terms in order to trade effectively. This will shave hours off your analysis, and get you to the money much more quickly. If you want me to show you the money, you’d better pay close attention to this chapter.
• If you can define a trend in words, it is more likely you’ll be able to recognise one in real time.
• Once you have detailed your thoughts about trend definition, it is important to back-test these concepts. See if they are effective over a large variety of shares and market conditions.
There are some fascinating psychological principles that recur in the markets. Before examining your entry ...