Just choose the good positions and avoid the bad ones. Poor trade selection takes a heavy toll as it bleeds our confidence and our wallets. We face many crossroads during each market day. Without a system of discipline for our decision-making, impulse and emotion can undermine skills as we chase the wrong stocks at the worst times. Technical analysis teaches traders how to execute positions based on numbers, time and volume.
Markets echo similar patterns over and over again.
Sell the second high, buy the second low. The first test of any high or low always runs into resistance. Look for the break on the third or fourth try. The trend is your friend in the last hour. Avoid the open.