Pristine Trading - Daily Lessons and Picks

[Pristine Trading]

Using Relative Strength in Trading

Trading is one of the most fascinating, challenging and rewarding businesses on earth. Very simply, we are looking for price patterns that have high odds of follow through, then we look to the market internals to see if it makes sense to enter a bullish or bearish trade and, if acceptable, we calculate share size per our Trading Plan, enter the trade and then enter "management mode." When looking for stocks to trade in a particular sector, it is best to trade the cleanest patterns that are showing relative strength for longs (relative weakness for shorts).

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