Hello traders and MarketClub members everywhere, today I want to share with you a trading tool that never goes out of style. I learned about the power of this trading tool a long time ago when I was a member of the exchange and trading in the pits of Chicago.
It was there amongst all the hustle and bustle, standing shoulder-to-shoulder with some of the most successful traders in the world that I learned one of the most important tools in trading. I have never forgotten this tool and in fact, I still use this tool every day when I'm researching a potential trade.
As computers get more and more sophisticated and can spit out trading algorithms faster than you can blink an eye, this simple tool continues to stand alone as a universal market truth. Little did I realize that this simple tool would prove to be so valuable.
So let's get started with this same tool that I have been using now for the past 30 years. I will also share with you one of the core secrets that most traders miss when they use this powerful trading tool.
It's a short lesson that visually illustrates when and how you should use this successful trading tool.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
One of the most powerful technical tools that a trader possesses is a pencil and a ruler. It sounds kind of old-school, but the reality is trend lines in technical analysis are enormously important.