[Super Trader's comment]

"In a difficult market, chart patterns mostly fail. In an easy market, all chart patterns work. You have to understand this. And you have to know how to wait."

[Super Trader's comment]


It's... it's... it's... it's... it's...

In order to read information from a chart well, you need to stay away from the chart as much as possible to overcome the bias.

Look at the higher time frame together. If you look at the 5th part, you can see the 15th part, and if you look at the 1st part, you can see the main part.

I think know-how in mindfulness, not eyes, will be helpful.

1) Do not immerse yourself in patterns. Past successes do not guarantee the future.

2) Abandon your half-hearted faith in support and resistance. If you take a superstitious approach to support and resistance, you will draw a line every cent. (Not kidding)

3) If you want to draw a line, draw only one. And draw a horizontal line rather than a diagonal line.

4) Handle auxiliary indicators carefully. If you are not familiar with auxiliary indicators, do not use them at all. You will be responsible for too many variables and noises.

5) Auxiliary indicators only tell you 'conditions', not timing. The entry trigger should be found in 'Price Action' after all.

6) You should study your own trend identification tool. Technical analysis is most effective when trading in the direction of trends.

7) Focus on the basics. Is the character of this stock changing? Is the previous trend continuing? Is the movement explosive? Has there been a long way to go? Is it quiet? Is it volatile? And so on...

8) In a difficult market, chart patterns mostly fail. In an easy market, all chart patterns work. You have to understand this. And you have to know how to wait.