Chapter 3. Trade like a Technician

"If markets were efficient, traders would be extinct."

Equation 3.1. 

Trade like a Technician

In this rule, you will learn how to use pricing trends to tell you when to buy a stock. In Rules 1 and 2, you learned how to find the stocks that you should consider buying. In Rule 3, you will learn the first step in timing your purchase. This is the "When to Buy" rule.

If you are new to technical analysis or have never used technicals to make trading decisions, all you have to know is that to trade like a technician, you have to learn how to read charts.

Just as there are fundamental analysts, there are also technical analysts. These two camps have a certain distain for one another. Fundamental analysts don't believe in charting. They ...

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