Well, then catch the next GREEN Bus. We understand this simple concept in real life but we fail to recognize how powerful this pattern is in the financial market.
One should never chase a bus because bus in bullish market arrives frequently. All one needs to do - look out for a new one, and preferably of the same type.
Here's a new Case Study for Science of Stock Price Action Readers
There is a saying: “Birds of a feather flock together". It means stocks belonging to the same sector or group tend to behave in the same way. This theory helps one identify high-quality opportunity because there is a solid precedent in place. It's like saying -
A did this.
B which is similar to A did this.
So, Can't we bet and say - C which is similar to A and B will also do this.
Let us take one Case Study on how to find a highly probable profitable opportunity like C using the above logic.
Read more: Finding the Next Bus (Live Case Study)
Science of Stock Price Action
The best learning comes from experiential learning. It is with this objective - I have developed "Science of Stock Price Action" Video Book. It's a combination of concepts and then its application in real life situations. The idea is to test how concepts work and why sometimes they don't.
If you find my work interesting - I will encourage you to buy the book and access Premium Case Studies. The idea is to demonstrate live how patterns unfold and work. They succeed, they fail but the whole process is real fun. I invite you to be part of it.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers