The foundation of this belief structure must be in place before trading commences. If it is not disaster will follow. Trader's must believe in what they do. Discipline comes from knowledge and experience in recognizing the probabilities in trading. The benefit of knowing the harmonic numbers becomes of paramount importance when placing stop loss orders.
Risk control takes precedence over any other single aspect of speculative trading.
The relationship of these harmonic numbers is so integrated to the geometric chart patterns that it is very easy to determine the risk. Stop placement is crucial to success in trading. We have identified 3 danger signs that alert the trader to a potential adverse trade. Each danger sign leaves a clue to the underlying condition of the market the trader is following. We have evaluated most of the trading software that is available for trading and we assist each student in selecting which software system would fit their needs.