#TradingTools101 How to benefit from market recovery phases?
1st Phase: Rise on Medium Volumes
- Your opportunity to enter cautiously
2nd Phase: Increasing volume with continued rise
- Gradually add to your positions
3rd Phase: Rapid rise with record volumes
- Time to secure profits, not to enter
Practical Plan:
- Divide capital into three parts
- Enter with one part at each phase
- Use trailing stop orders
What was the best time you benefited from market recovery