Tips for Knowing When to Place a Trade

The Word on Investing

Tips for Knowing When to Place a Trade

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In order to know when to actually place a trade, I think there are 3 steps:

1. See & Chart a Pattern – Memorize the best recognizable patterns that stocks make, and the perfect buy point for each pattern.
2. Check the Market Tone – Know when the market tone is right for your particular trade.
3. Check the Fundamentals – Make sure the fundamentals of a stock give it a reason to go up or down.

Each pattern has its own buy and sell points. That means that for each stock pattern you memorize, you also need to memorize the correct buy points for that shape. What are the best patterns to use? And what are the buy points that go with each pattern? That’s what we’re going to cover today!