Technical Analysis Trading Methods and Techniques (Collection)

Chapter 15. Taking Gains

“So tell me, when do I sell?”

Do you expect gains or are you surprised by them? I’ll never forget one of my first successful trades under the tutelage of Rev Shark. I had stalked a pattern for several days while the stock methodically set up to my liking. Although I don’t recall the company, I can still see the bullish pennant in my mind as the chart wound tighter and tighter below its descending trend line and above its ascending trend line, creating a pennant (as the name suggests). The pattern projected the possibility that a rather large break was coming. Because I sat in front of my computer day in and day out, I did not feel the need to enter in anticipation of the break. Instead, I waited for the break to occur ...