lowtrade

[lowtrade]

The other day I was posting about a cup & handle and said the trade should be in 2 steps. This flag chart, I just posted, reminded me of something I've posted about before, but not lately.

Here I go repeating again. Rule of Thumb

Any play which is based on a chart pattern needing a retracing breakout for entry, should be traded in 2 steps.

The flag, double bottom, cup & handle etc. Those which have a breakout before resistance is reached, requires some patients. A small buy at break, because mindset has change, and a second larger buy when resistances is passed, because mindset change is confirmed!

Lower risk - safety first rule,