Smooth rate of change of price can be useful as a leading indicator of turning points. This is one way to get a somewhat smooth rate of change quite easily. I am fairly new at trading, having only been at it for a year or so, but I have established myself as a swing trader. I haven't got a good enough handle on daytrading yet. I've found out that trading isn't a get-rich scheme but a steady increase in profits as a result of lots of study and research.
Trading is like building a house for investment purposes to sell when completed.
Both building and trading have similarities. Both require spending money, time, and due diligence to reach a profitable goal. Your magazine is like a blueprint that provides a continual education on technical analysis. I am learning slowly that one of the most important parts of trading is getting out , whether taking profits or cutting losses. I learned from your magazine that sticking to a strategy and staying with the plan is very important.