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187: “How to spot a trading scam” – Kevin Davey
Better System Trader
How to Draw a Trend Line
Most people who use trend lines, they're discretionary traders. If you go back to the time of entry, how many points was that trend line touching? Well, one really zero or one. It wasn't touching that second one yet. So right there, that's a tip off that this isn't real. And if you notice, it never even hits those prices. The fact is you couldn't have drawn that trend line right then and there because you didn't know that the price was going down.
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