Chapter 8. The Basics Are Not Enough
A foundational trading strategy consists of both the understanding of pattern recognition and the ability to exploit these patterns for profit. It is my goal that by the end of this book you will possess both. Although these two items are essential, these basic understandings are not enough, and so it is also my goal for you to learn when to alter this basic understanding to profit not only from the moves in the stocks but also from the moves of others. As you start down the trading road, you will quickly see that if you were to pursue just the basics, many times you would be a sitting duck, opening yourself up to losses from those who have already moved on to the next level of trading the trader.
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