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The Pivotal Point - A TIMING Device To Let You In
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investmentlink
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19-Nov-2006 19:12
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Whenever I had the patience to wait for the market to arrive at what I call a ?Pivotal Point? before I started to trade; I have always made money in my operation.
Why? Because I then commenced my play just at the psychological time at the beginning of a move. I never had a loss to worry about for the simple reason that I acted promptly and started to accumulate my line right at the time my personal guide told me to do so. All I had to do thereafter was just sit tight and let the market run its course, knowing if I did so, the action of the market itself would give me in due time the signal to take my profit. Reversal Pivotal Points: It defined as A CHANGE IN BASIC MARKET DIRECTION-THE PERFECT PSYCHOLOGICAL TIME AT THE BEGINNING OF A NEW MOVES, IT IS A MAJOR CHANGE IN THE BASIC TREND. The theory allowed the chance to buy at the exact ?right time?. It defined by Livermore as: the perfect psychological moment to make a trade. Reversal Pivotal Point marks a change in trend. Never try to buy at the lowest price or sell at the top. Buy at the right time, and sell at the right time. A prudent speculator never argues with the tape, remember: MARKET ARE NEVER WRONG-OPINION OFTEN ARE. Continuation Pivotal Point: It?s essential to confirm the move is proceeding in the proper action. This is usually occurs during a trending move as a natural reaction for a stock in a definite trend. This is a potential additional entry point in an ongoing move, or a chance to increase your position, providing the stock emerges from the Continuation Pivotal Point, headed in the same direction as it was before the correction. The Greatest Speculator Mr Jesse Livermorewas using this method to in & out the market! http://stocktradingskills.blogspot.com/ ~Money Grows On The Tree Of Patience & Profit From The Patience~ I want to help you trade like EXPERT! Not give your hard earn money to the "crocodile" or the manipulator! http://investmentlink.blogspot.com/ The fastest way link to the potential investment website... & want potential stock pick...join it! |
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