The One Thing I Watch That Tells Me Who Controls the Chart
Here's the rule I trade by, and pay attention to this one because it's the opposite of what feels right. We want to be the momentum, not enter on the momentum. By the time a move is obvious enough that you want in, the people who are going to make money on it are already sitting there positioned. You're not catching the move, you're the person they sell it to. So when one of my positions gets a big boost, that's me taking the money, not adding to it. And when something I want is getting hit, that's usually where I'm looking to get in. Does that make sense? Now here's how you know whether a level is worth getting in at. Anybody can draw a line on a chart. The line was never the hard part. Knowing whether somebody is defending it, is how we get paid. Watch the