My Exit Beliefs In part one of this article, we considered a few questions: Should we use a tight stop loss to cut any losses quickly, or a wide stop loss to allow some room to move? How quickly should we move the stop loss to breakeven ? Should we take profits at a target, or should we let the profits run, perhaps trailing a stop behind the price? In attempting to answer these questions we looked at a number of charts, we chose entry criteria, and then looked at possible options for the exit. And this is what we discovered: Firstly, in each case, the profit or loss taken out of the trade was more a result of our chosen stop and exit method, not our entry. For the same entry, there were numerous possible exits, some profitable, some breakeven and some at a loss. And secondly, we cannot know, except with hindsight, what will be the most profitable exit strategy for that particular trade. In other words - the exit is more important than the entry. The exit has more bearing on w...

The Most Reliable Chart Patterns By: George Angell The following is an excerpt from  Small Stocks, Big Profits   In seeking a reliable chart pattern, a chart analyst will typically look to what worked best in the past.  When he finds such a pattern he will look for a similar configuration in analyzing potential stocks to buy.  As a rule, the propensity to identify tried-and-true patterns creates a sort of self-fulfilling occurrence: because a stock generates a bullish pattern, buyers rush in and the stock rises.  Therefore, if a pattern proves profitable, the investor will attempt to recreate the same model again.  He will do this until he begins to lose money.  He will then begin to look for another pattern. While there are no “sure-thing” patterns, there are commonly acceptable ones that routinely appear on price charts.  As a novice chartist, you will want to be familiar with the following widely-watched chart patterns: T he head-and...

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