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Posted On: 01/04/2017 10:05:50 AM
Post# of 56
The proper entry price on a buy or sell-short can be the difference between a winning or losing trade. It can also be the difference between a small win and a mega win. This is why I analyze stock charts. It allows me to find the perfect entry price to maximize profits. Many traders have been tempted lately to short United Technologies Corporation (NYSE:UTX). I have told them, heck no! Instead, let it go slightly higher until it tags a major trend line resistance around $115.00. Then slam it hard. This will be the dead-on short point that will help investors and traders maximize profit. United Technologies Corp has pulled back every time it has hit this trend line in the past and it will do it again. The downside I am seeing off the $115 level is $100.00. This would be a monster profit in just weeks. Be ready but be patient.
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I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.
