BlogMay 13, 2023Michael Covel

“My main problem is buying overbought resistant levels…”

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My main problem [on trading] is buying overbought resistant levels and support levels. Placing buy stops and sell stops, most of the time the target never gets hit but winds up moving down to my sell stop and I lose on that trade even after adjusting my sell stop. I have your book Trend Trading but it is mostly based on Coding or AI trading. I don’t do that.

Dwain J.

Trend following is not AI trading — whatever AI trading is. Overbought resistant levels and support levels? Stop that ASAP.

Learn the rules behind trend following, and the systems to apply them.

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